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Aetna to buy Great Hill-backed Bswift for about $400 mln

Healthcare benefits firm Aetna has agreed to buy Chicago-based Bswift, a tech platform provider for health insurance exchanges and employers, for about $400 million. Bswift is backed by Great Hill Partners, which will be exiting as a result of the Aetna acquisition.

The deal is expected to be completed before the end of the year.

Following the closing, Bswift will run as a separate business within Aetna under its present leadership.

Last April, Great Hill Partners acquired a minority stake in Bwift. According to Crunchbase, the investment was for $51 million.

Photo courtesy of txking/Shutterstock.