MagnaCare Overview
- Year Founded
-
1990
- Status
-
Acquired/Merged
- Employees
-
143
- Latest Deal Type
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M&A
- Financing Rounds
-
11
- Investments
-
1
MagnaCare General Information
Description
Provider of employee health planning services intended to deliver affordable employee benefits from member health plans to retirement services. The company's health plans cover a wide range of organizations, including the self-insured organizations, commercial insurers, third party administrators, worker's compensation plans and municipalities thus utilizing individual aspects or bring them all together as one integrated system and thus combining its expertise and focus on understanding of its client's healthcare needs to develop the most cost-effective and comprehensive plans.
Contact Information
Website
www.magnacare.comCorporate Office
- One Penn Plaza
- Suite 4512
- New York, NY 10119
- United States
Corporate Office
- One Penn Plaza
- Suite 4512
- New York, NY 10119
- United States
MagnaCare Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
MagnaCare Comparisons
Industry
Financing
Details
MagnaCare Competitors (12)
One of MagnaCare’s 12 competitors is Braden Benefit Strategies, a Private Equity-Backed company based in Suwanee, GA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Braden Benefit Strategies | Private Equity-Backed | Suwanee, GA | ||||
| OneDigital | Private Equity-Backed | Atlanta, GA | ||||
| Neighborhood Health Plan Of Rhode Island | Corporation | Smithfield, RI | ||||
| Cigna Insurance Services | Formerly PE-Backed | London, United Kingdom | ||||
| Blue Cross Blue Shield of Arizona | Corporation | Phoenix, AZ |
MagnaCare Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
MagnaCare Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
MagnaCare Investments (1)
MagnaCare’s most recent deal was a Early Stage VC with Azoya. The deal was made on 03-Oct-2015.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Azoya | 03-Oct-2015 | Early Stage VC | Media and Information Services (B2B) |
MagnaCare FAQs
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When was MagnaCare founded?
MagnaCare was founded in 1990.
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Where is MagnaCare headquartered?
MagnaCare is headquartered in New York, NY.
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What is the size of MagnaCare?
MagnaCare has 143 total employees.
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What industry is MagnaCare in?
MagnaCare’s primary industry is Human Capital Services.
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Is MagnaCare a private or public company?
MagnaCare is a Private company.
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What is MagnaCare’s current revenue?
The current revenue for MagnaCare is .
-
How much funding has MagnaCare raised over time?
MagnaCare has raised $72.8M.
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Who are MagnaCare’s investors?
Annox Capital, Apax Partners, Brighton Health Partners, and H.I.G. Capital have invested in MagnaCare.
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Who are MagnaCare’s competitors?
Braden Benefit Strategies, OneDigital, Neighborhood Health Plan Of Rhode Island, Cigna Insurance Services, and Blue Cross Blue Shield of Arizona are some of the 12 competitors of MagnaCare.
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When was MagnaCare acquired?
MagnaCare was acquired on 01-Oct-2023.
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