Matthews-based Integra Employer Health said Tuesday it is being acquired by Maestro Health, a Chicago-based employee benefits company.
Terms of the deal were not disclosed.
Integra was founded in 1983 as Benefit Management Services. The private company is a group medical benefits administrator that employs 128 people in Matthews.
According to a recent statement from the two companies, Maestro is launching a next-generation, self-funded private exchange model for designing, planning and executing employee health and benefits programs. The Integra acquisition is intended to advance the new exchange.
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Integra’s headquarters are at 2425 Crownpoint Executive Drive, Matthews.