About HealthMarkets
HealthMarkets is a company based in Worth (United States) founded in 2010 was acquired by Aflac in March 2017.. The company has 548 employees as of December 31, 2018. HealthMarkets has completed 2 acquisitions, including Benefitter and Excelsior Insurance Brokerage. HealthMarkets offers products and services including Health Insurance, Medicare, Dental Insurance, Vision Insurance, and Life Insurance. HealthMarkets operates in a competitive market with competitors including Pebble Health, Coventry Healthcare, Elixir, Health in Tech and Buckeye Health Plan, among others.
- Headquarter Worth, United States
- Employees 548 as on 31 Dec, 2018
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Healthmarkets Insurance Agency, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
548
as on Dec 31, 2018
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Investments & Acquisitions
Benefitter
& 1 more
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Acquired by
Aflac
(Mar 15, 2017)
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Products & Services of HealthMarkets
HealthMarkets offers a comprehensive portfolio of products and services, including Health Insurance, Medicare, Dental Insurance, Vision Insurance, and Life Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage for individual and family medical needs
Offers options for Medicare beneficiaries and related services
Delivers coverage for dental care and procedures
Includes plans for eye care and eyewear needs
Provides policies for life coverage and financial protection
Funding Insights of HealthMarkets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HealthMarkets
HealthMarkets has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Aflac. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Financial protection via accident, life, and supplemental insurance is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HealthMarkets
HealthMarkets has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Benefitter and Excelsior Insurance Brokerage. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SaaS-based employee benefit management tools
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2012 | ||||
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Brokerage services for health and employee benefit insurance are provided.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HealthMarkets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Healthmarkets Comparisons
Competitors of HealthMarkets
HealthMarkets operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pebble Health, Coventry Healthcare, Elixir, Health in Tech and Buckeye Health Plan, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Internet first provider of health insurance services
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| domain | founded_year | HQ Location |
Limited information available
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| domain | founded_year | HQ Location |
Health insurance services are delivered online by Elixir.
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| domain | founded_year | HQ Location |
Health insurance services are delivered through internet-first platforms.
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| domain | founded_year | HQ Location |
Health insurance services are delivered primarily through an internet-first model.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about HealthMarkets
When was HealthMarkets founded?
HealthMarkets was founded in 2010.
Where is HealthMarkets located?
HealthMarkets is headquartered in Worth, United States. It is registered at Worth, Illinois, United States.
How many employees does HealthMarkets have?
As of Dec 31, 2018, the latest employee count at HealthMarkets is 548.
What does HealthMarkets do?
HealthMarkets was founded in 2010 and operates as an insurance marketplace in the health sector from Worth, United States. Free online quotes for health insurance and Medicare plans are offered to individuals, families, seniors, and small businesses. Over 3,000 local agents assist in researching and selecting appropriate coverage options, with services focused on plan comparisons and personalized guidance.
Who are the top competitors of HealthMarkets?
HealthMarkets's top competitors include Buckeye Health Plan, Health in Tech and Pebble Health.
What products or services does HealthMarkets offer?
HealthMarkets offers Health Insurance, Medicare, Dental Insurance, Vision Insurance, and Life Insurance.
How many acquisitions has HealthMarkets made?
HealthMarkets has made 2 acquisitions, including Benefitter, and Excelsior Insurance Brokerage.
Who are HealthMarkets's investors?
HealthMarkets has 1 investor. Key investors include Aflac.
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