Nebraska firm acquires Plymouth Meeting-based Health Advocate for about $265 million
Tom Paine
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Nebraska-based West Corporation announced Friday it had acquired Health Advocate of Plymouth Meeting, a company that uses people and information technology to help client's employees navigate their way through the healthcare process.
West says the purchase price for Health Advocate, which had 2013 revenue of about $86 million, was approximately $265 million. West said Health Advocate has more than 10,000 client relationships, including many of the nation's largest employers.
Health Advocate's president and CEO is cofounder Michael J. Cardillo. The company has more
than 600 employees, according to the Philadelphia Business Journal. It was founded in 2001 by a small group of former U.S. Healthcare executives.
Accolade, another company based in Plymouth Meeting which was founded in 2007, offers
similar services and is roughly the same size as Health Advocate.
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