MedImpact Holdings, Inc., an independent health solutions and pharmacy benefit company, has acquired two risk management firms, MHW Benefit Partners and MSL Captive Solutions.
The acquisitions expand MedImpact’s portfolio of care and coverage solutions, providing small and mid-sized businesses with alternative financing and specialised risk management typically reserved for large, self-insured corporations.
MHW Benefit Partners, formerly known as SRS Benefit Partners, assists businesses in the formation and evolution of captives, consortiums and other employee benefit programmes.
MSL Captive Solutions specialises in medical stop-loss insurance, protecting self-insured employers from catastrophic healthcare claims. The firm partners with A-rated insurance companies to underwrite individual employer stop-loss and captive programmes.
Commenting on the acquisitions, Zach Johnson, executive vice president at MedImpact, says: “Small and mid-sized businesses today struggle to manage runaway healthcare costs with the inflexible and opaque traditional insurance programmes. We are putting power back in the hands of employers by giving them innovative alternatives, transparency, flexibility, and total control.”
With the addition of these firms, MedImpact now offers a full suite of risk management and underwriting solutions, including captive programmes and stop-loss protections provided by MHW Benefit Partners, MSL Captive Solutions and MG Insurance.
These services are integrated alongside third-party administration through Verdegard, transparent networks via PNOA and drug savings programmes through Ray Savings Solutions and Birdi.
Based in San Diego, MedImpact has operated for more than 35 years, delivering tools and services designed to make healthcare more affordable and predictable for employers.
