Private benefit exchange Connecture, Inc., has acquired Chicago-based ConnectedHealth, LLC, a company that allows employees to shop for insurance benefits online, for $5 million in cash.
Connecture, Inc., says employees will have faster access and better choices for their personalized benefits because the acquisition will create an end-to-end solution and close gaps within its current services. It will also help the Wisconsin-based company expand its business into Chicago, a growing technology hub and the U.S.’s third largest city.
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