GetInsured, a market leader in individual health insurance ecommerce, announced recently that it has acquired Array Health, a leading provider of group health insurance ecommerce technology. Together, the companies will make it possible for insurers, employers, state governments and benefits brokers to deliver a superior consumer experience through a single, scalable ecommerce solution that supports group, individual and Medicare health enrollment.
This transaction unites two best-of-breed technologies to deliver one of the most complete solutions on the market. The two companies first partnered in 2015 to bring GetInsured’s individual exchange capabilities to the insurer market through the Array Health product suite.
With this acquisition, GetInsured is well positioned to address the fundamental changes taking place in the health insurance market, as the traditional role of providers and insurers evolve with the advent of accountable care organizations (ACOs) and provider-sponsored plans. The company will be able to offer a single platform that is capable of supporting members as they transition through individual, group and Medicare plans as their lives change.
The company’s headquarters will be in Mountain View, Calif., while engineering, product management, sales and services in support of the insurer line of business will be based in Seattle. Financial details of the transaction were not disclosed.