MedImpact Holdings has acquired two employer insurance and risk management companies, MHW Benefit Partners and MSL Captive Solutions, as the health solutions and pharmacy benefit provider broadens its portfolio of services for employers.
The San Diego-based company said the acquisitions expand its ability to provide modular healthcare coverage and risk management tools for small and mid-sized businesses seeking alternatives to traditional insurance carriers. The additions are intended to give employers more transparency, flexibility, and cost control when managing healthcare expenses.
MHW Benefit Partners, formerly known as SRS Benefit Partners, focuses on helping employers create and manage captive insurance programs, consortiums, and other employee benefit structures. These arrangements allow businesses to pool risk or self-fund coverage in ways that can provide greater insight into healthcare plan administration and potentially lower costs.
MSL Captive Solutions specializes in medical stop-loss insurance, which protects self-insured employers from catastrophic healthcare claims. The firm partners with A-rated insurance carriers to underwrite stop-loss policies for individual employers as well as captive insurance programs.
With the deals, MedImpact said it now offers a broader suite of employer-focused services that combine healthcare coverage, pharmacy benefit management, clinical programs, and risk management solutions. The company’s expanded offering includes third-party administration through Verdegard, provider access through PNOA, drug savings and specialty pharmacy programs through MedImpact, Ray Savings Solutions, and Birdi, and risk management solutions through MHW Benefit Partners, MSL Captive Solutions, and MG Insurance.
MedImpact said employers can deploy these services individually or as bundled solutions tailored to their workforce and benefit strategies.
The company, which has operated for more than 35 years, positions itself as the largest independent health solutions and pharmacy benefit company in the United States, offering tools and services designed to make healthcare costs more predictable and manageable for employers and plan members.
KEY QUOTES
“Small and mid-sized businesses today struggle to manage runaway healthcare costs with the inflexible and opaque traditional insurance programs. We are putting power back in the hands of employers by giving them innovative alternatives, transparency, flexibility, and total control.”
Zach Johnson, Executive Vice President, MedImpact Holdings
