ikaSystems Corporation

Provides enterprise-level Web-based technologies for commercial, Medicare and Medicaid lines of business

Web-based technology solutions for health insurers

ikaSystems is a disruptive technology platform providing web-based, software as a service (“SaaS”) solutions for healthcare payers. The Company’s products deliver business automation and process solutions that generate cost savings for customers in their commercial, Medicare, Medicaid and ACO lines of business. ikaSystems’ customers represent 20 million covered lives and include traditional insurers, managed Medicaid plans, Medicare Advantage plans, PBMs and delegated risk providers. Headquartered in Southborough, MA, the Company has over 300 employees.

Transaction Summary

  • In 2009, Essex Woodlands and Providence Equity Partners acquired a controlling stake from the founding partners.
  • Southborough, MA

  • Contact:
  • Acquisition
  • Acquired by: Blue Cross of Michigan
  • Exit date: March 15, 2016

Related News

“Essex Woodlands has been an invaluable partner helping to guide us through a critical stage of our growth. Their financial and strategic support, combined with their insight and considerable industry experience, has accelerated our emergence as the preferred choice in the market.”

Joe Marabito

Chief Executive Officer