CNO Financial Group buys DirectPath for $50M

  • CNO Financial Group (NYSE:CNO) has acquired DirectPath for ~$50M with an additional earn-out if specific financial targets are achieved.
  • DirectPath provides personalized benefits education, advocacy and transparency, and communications compliance services that help employers reduce healthcare costs and assist employees with making informed benefits decisions.
  • CNO funded the transaction from holding company cash and expects it to be accretive to operating EPS beginning in 2022.
  • Press Release

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