Highmark Health

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Highmark Health - overview

Established

2013

Location

Pittsburgh, PA, US

Primary Industry

Healthcare

About

Founded in 2013, Highmark Health is a US-based organization that delivers a wide array of health care services, including insurance plans and integrated health solutions, aimed at enhancing the health and well-being of its members and communities. Highmark Health operates as a health care solutions provider, offering insurance and integrated services. Established in 2013 and headquartered in Pittsburgh, Pennsylvania, USA, it has evolved to address a diverse range of health care needs. David Holmberg is the CEO, steering the company through strategic initiatives to improve health outcomes and patient experiences.


Highmark Health offers a comprehensive range of health care solutions designed to improve the overall health and well-being of its members and communities. The core products include insurance plans under the Blue Cross Blue Shield brand, integrated health care services, and innovative digital health solutions aimed at enhancing patient experience and clinical outcomes. The company focuses on a blended health approach, combining traditional insurance offerings with facility-based care solutions to create an all-encompassing health experience. Highmark Health serves a diverse clientele across the United States, including individual consumers, employer groups, and government entities.


Their services are designed to address various health care needs, particularly in urban and suburban markets, emphasizing community engagement and support. Highmark Health reported a revenue of USD 8 bn, reflecting an 11% year-over-year growth. The company's revenue stream is primarily generated through its Blue-branded health plans, which operate on a subscription-based model where clients pay premiums for access to health care services. Additionally, Highmark Health engages in partnerships with health care providers, allowing for a collaborative approach to care delivery and cost management.


The transaction structure encompasses both B2B and direct-to-consumer models, enabling flexibility in service offerings. While specific pricing details for individual services are not disclosed, the revenue is indicative of the company’s robust client base and its strategic initiatives to enhance service delivery in the competitive healthcare landscape.


Primary Industry

Healthcare

Sub Industries

Healthcare, Hospitals

Website

www.highmarkhealth.org/

Total Amount Raised

Subscriber access only

Highmark Health - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedVersant Health Holdco, Inc.-

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