Tampa wellness insurance coverage coverage tech agency Benefytt Applied sciences has picked a brand new chief.
Todd Baxter has been named CEO of Benefytt, a well being and health insurance coverage coverage market and distributor of Medicare-relevant packages. The Carrollwood enterprise was aquired by private equity firm Madison Dearborn Associates in 2020 in a supply worthy of $625 million.
Baxter replaces interim CEO Domenick DiCiccio, who will keep the corporate’s regular counsel following filling in for former CEO Gavin Southwell. Baxter is the earlier govt vp and foremost options officer of the historical past screening company HireRight.
“I’m grateful for this chance to direct Benefytt and be part of within the firm’s mission to steering and enhance the wellness protection enrollment information for numerous People,” Baxter acknowledged in a assertion. “I’ve been extraordinarily amazed with Benefytt’s willpower to offering fashionable and really-personalised well being care protection cures, and I seem ahead to introducing my insights and skills for the achieve of our groups, sector associates and prospects.”
Associated: Tampa tech enterprise Benefytt units $625 million sale to private group
Established in 2008 and beforehand acknowledged as Total well being Insurance coverage plan Improvements, Benefytt was on the time one among Tampa Bay’s swiftest-growing neighborhood companies, with revenues of $381.8 million in 2019. It’s additionally skilled approved worries, coping with a number of situation investigations and situation and federal lawsuits into its income and web advertising strategies, which grievances claimed concerned advertising “nearly nugatory” plans. As The New Republic highlighted final calendar 12 months, Benefytt is the guardian of TogetherHealth, which operates Medicare insurance coverage advertisements that features stars like Joe Namath, William Shatner and Jimmie Walker.
“We’re happy to welcome Todd to Benefytt and consider that that he supplies helpful viewpoint and operational expertise, which can make it potential for the group to do properly within the evolving Medicare market,” Benefytt board member Vahe Dombalagian mentioned in a press release. “As Benefytt strengthens its management posture within the wellbeing insurance coverage insurance policies know-how market place, we appear ahead to working intently with Todd, Domenick and the total administration group to steering Benefytt’s ongoing transformation and improvement in its subsequent chapter.”