MagnaCare Overview

  • Year Founded
  • 1990

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 143

Employees

  • Latest Deal Type
  • 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.com
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Corporate Office
  • One Penn Plaza
  • Suite 4512
  • New York, NY 10119
  • United States
+1 (516)
Primary Industry
Human Capital Services
Other Industries
Life and Health Insurance
Vertical(s)
Industrials
Corporate Office
  • One Penn Plaza
  • Suite 4512
  • New York, NY 10119
  • United States
+1 (516)

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MagnaCare Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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MagnaCare Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of employee health planning services intended to deliver affordable employee benefits from member health plans
Human Capital Services
New York, NY
143 As of 2021

Smithfield, RI
 

Atlanta, GA
 
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MagnaCare Competitors (11)

One of MagnaCare’s 11 competitors is Neighborhood Health Plan Of Rhode Island, a Corporation company based in Smithfield, RI.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Neighborhood Health Plan Of Rhode Island Corporation Smithfield, RI
OneDigital Private Equity-Backed Atlanta, GA
Optimum HealthCare Corporate Backed or Acquired Tampa, FL
Lockton Companies Formerly PE-Backed Kansas City, MO
Oscar Health Formerly VC-backed New York, NY
You’re viewing 5 of 11 competitors. Get the full list »

MagnaCare Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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MagnaCare Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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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)
To view MagnaCare’s complete investments history, request access »

MagnaCare FAQs

  • When was MagnaCare founded?

    MagnaCare was founded in 1990.

  • Where is MagnaCare headquartered?

    MagnaCare is headquartered in New York, NY.

  • What is the size of MagnaCare?

    MagnaCare has 143 total employees.

  • What industry is MagnaCare in?

    MagnaCare’s primary industry is Human Capital Services.

  • Is MagnaCare a private or public company?

    MagnaCare is a Private company.

  • 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.

  • Who are MagnaCare’s investors?

    Annox Capital, Apax Partners, Brighton Health Partners, and H.I.G. Capital have invested in MagnaCare.

  • Who are MagnaCare’s competitors?

    Neighborhood Health Plan Of Rhode Island, OneDigital, Optimum HealthCare, Lockton Companies, and Oscar Health are some of the 11 competitors of MagnaCare.

  • When was MagnaCare acquired?

    MagnaCare was acquired on 01-Oct-2023.

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