Maestro Healthcare Technology

Maestro Healthcare Technology, Inc.Founded in 2013 and headquartered in Chicago, US, Maestro Healthcare Technology, Inc. is a third-party administrator specializing in self-funded health plans. The company underwent a significant transition when it was acquired by AXA Group in February 2018 for USD 155 mn, integrating it into AXA's health business strategy. The company has completed a total of 4 deals since its inception, with the most recent deal occurring on January 22, 2018.Maestro Healthcare Technology, Inc. offers Marpai, a technology-driven third-party administrator (TPA) specializing in self-funded health plans. Their services encompass health plan administration, access to top provider networks, SMART claims processing, and in-house clinical management.Maestro Healthcare Technology, Inc. generates revenue through fees for its TPA services, including health plan administration and clinical management. Their business-to-business model serves mainly small to mid-sized employers, with revenue streams derived from service fees, subscription agreements, and performance-based incentives linked to cost savings.In January 2018, AXA Group acquired Maestro Healthcare Technology, Inc. as part of its strategy to enhance its health business and support a long-term population health management solution. This acquisition will facilitate future growth by allowing Maestro to develop new products and expand its services into additional markets as AXA implements its Payer-to-Partner strategy. Specific details regarding new product launches or geographic expansions have not been disclosed, but the backing of AXA Group suggests a strong commitment to enhancing Maestro’s offerings in the healthcare technology sector.

1. Series A

   Oct 3, 2015

   Amount

   Undisclosed

   Investors

   Locked

2. Series A

   Apr 2, 2014

   Amount

   $17M

   Investors

   Locked