Cain Brothers, a division of KeyBanc Capital Markets, announced that it served as exclusive financial advisor to Lucent Health Solutions in its acquisition by Gauge Capital.
Lucent Health Solutions is a leading third-party administrator serving the self-insured employer market, with a fully integrated care management solution. It was previously backed by NaviMed Capital, which acted as the seller in this transaction.
Gauge Capital is a private equity firm specializing in management buyouts, recapitalizations, divestitures, privatization, consolidation and growth investments in middle-market companies. Gauge invests in five key sectors: business services, food and consumer, government and industrial services, healthcare and technology. The firm manages more than $2 billion in capital.
Gauge Capital will support Lucent Health’s next phase of growth, which will include investments in product innovation as well as strategic acquisitions.
According to data captured in the LevinPro HC database, this acquisition represents the 73rd eHealth transaction of 2024, and the first in the care coordination specialty
