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GuideWell Mutual Holding Acquires Triple-S Management Corporation
Last week, GuideWell Mutual Holding Corporation announced a definitive agreement to acquire Triple-S Management Corporation for $900 million. GuideWell will acquire all the outstanding shares of Triple-S Management common stock for $36.00 per share in cash, representing a premium of approximately 49% to Triple-S’ 90-day volume-weighted average trading price. Founded in 1959, Triple-S Management Corporation is a health care services company serving more than 1 million people in Puerto Rico. It has the exclusive right to use the Blue Cross Blue Shield name and mark throughout Puerto Rico, the U.S. Virgin Islands, Costa Rica, the British Virgin Islands and Anguilla, and offers a broad... Read More »
Women’s Health USA Partners With Unified Women’s Healthcare
Private equity-backed Unified Women’s Healthcare has announced a new partnership with Women’s Health USA (WHUSA), a multi-state organization offering practice management and emerging value-based care services to more than 600 OB/GYN and women’s health providers. Sverica Capital Management, the current majority shareholder in WHUSA, will be selling its majority stake in this deal and will reinvest a portion of its proceeds into the combined company. No terms were disclosed, but the deal will create the largest physician practice management company dedicated solely to women in the United States. Together, WHUSA and Unified Women’s will provide comprehensive business services to more than... Read More »
Equity Consortium Takes Inovalon Private
A group of private equity buyers has announced an agreement to acquire Inovalon, taking the publicly traded digital health company private. The group is led by Nordic Capital and joined by Insight Partners as lead co-investor, with 22C Capital, Inovalon founder/Chief Executive Officer Keith Dunleavy and certain Class B stockholders of Inovalon joining in on the investment. The deal is valued at $7.3 billion in an all-cash transaction. Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock. The company provides cloud-based platforms empowering data-driven healthcare. Through the Inovalon ONE Platform, it brings a... Read More »
Health Care M&A Deals, August 20, 2021
The Health Care M&A deals chart is a selection of transactions announced during the prior week(s). The M&A transactions presented here are from our new LevinPro Healthcare and LTC platform, which is updated daily to provide our subscribers with the most up-to-date information and trends in the healthcare industry. To subscribe to our Health Care M&A deals chart and more, visit our membership site. LevinPro is devoted to healthcare merger and acquisition data for the serious analyst and investor. Every day, this service alerts you to developments in all the key segments of the health care service and technology markets. Behavioral Health... Read More »
Alphabet Subsidiary Verily Acquires SignalPath
Alphabet (Google) is making another move into the healthcare space. Verily, its life sciences research platform and subsidiary, has announced an agreement to acquire SignalPath for an undisclosed sum. SignalPath is a privately held company that has developed the SignalPath platform, a clinical trial management system (CTMS) that improves the ease, quality and efficiency of conducting clinical research at study sites. SignalPath’s platform reduces fragmentation by leveraging a modern software architecture with a cloud-based platform to optimize the management of a study site’s clinical trials portfolio. SignalPath’s robust technology infrastructure offers novel approaches... Read More »
Autism Care Partners Strikes Another Deal
It’s been a busy summer for Autism Care Partners (APC). Within a month, the PE-backed behavioral health care provider has announced two deals, expanding its presence throughout the New England market. In July, ACP acquired Autism Bridges, a founder-led, New Hampshire-based multi-state autism treatment organization, a first step for the company outside the New York market. Then, last week, ACP added Puddingstone Place, which provides world-renowned programming to enhance communication, support behavioral changes, and improve the overall quality of life for individuals with autism and other developmental disabilities. With this acquisition, ACP becomes one of the largest providers of... Read More »
UnitedHealth Group Expands in Home State
One of the largest health insurers in the country is making a play in its home state of Minnesota. UnitedHealth Group, Inc. has recently struck a deal to acquire PreferredOne, according to Fairview Health Services, a not-for-profit organization that took full ownership of PreferredOne back in 2016. PreferredOne is a health insurance provider comprised of three companies: PreferredOne Administrative Services, Inc., PreferredOne Insurance Company, and PreferredOne Community Health Plan. The health insurer has 367,000 members and is contracted with 99% of clinics and hospitals in Minnesota. This deal aligns with UnitedHealth Group’s push into the Minnesota health insurance market, which it... Read More »
MDVIP Gets New PE-Sponsors
The primary care operator MDVIP is being traded in a new deal announced last week. Goldman Sachs Asset Management Private Equity, the primary investing area within Goldman Sachs, and Charlesbank Capital Partners, a middle-market private investment firm with more than $15 billion of capital raised since inception, are taking majority ownership in MDVIP from Leonard Green & Partners. MDVIP was bought by Leonard Green & Partners in 2017 from Summit Partners, and the latter has maintained minority ownership until now. No financial terms were disclosed in the new deal. MDVIP provides membership-based healthcare with a national network of over 1,100 primary care physicians serving... Read More »
Sharecare Acquires CareLinx
The digital health platform Sharecare, Inc. has moved into the Home Health & Hospice sector. Last week, the company announced a definitive agreement to acquire CareLinx Inc for $65 million, or $54.6 million in cash and $10.4 million in Sharecare common stock. CareLinx is a technology platform of tech-enabled care providers, both clinical and non-medical, which can be dispatched on-demand to any location. The company has more than 450,000 caregivers in its network, and it couples its home care services with mobile technology to facilitate rich data capture, population health analytics, and the enabling of real-time care coordination with remote clinical teams. For the year ended... Read More »Schedule a demo
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