Managed Care Company GoHealth Acquired by Centerbridge Partners

Managed Care Company GoHealth Acquired by Centerbridge Partners

by | Aug 23, 2019 3:36 pm | Managed Care, Private Equity | 0 comments

Medicare Advantage programs and ancillaries are bringing in big bucks and new buyers. On August 19, Centerbridge Partners, L.P. announced its acquisition of GoHealth, LLC for a reported $1.4 billion from Norwest Equity Partners, the second-largest managed care deal in 2019, so far. The company is a leading provider of Medical Advantage products in the direct-to-consumer channel. Its platform combines technology, data science, and proprietary algorithms to match consumers with the best healthcare policy and carriers in the Medicare, Individual & Family and Small Group markets. Centerbridge and GoHealth broke off negotiations earlier in August over price, according to reports in... Read More »
Evolent Health Acquires New Century

Evolent Health Acquires New Century

by | Sep 20, 2018 11:55 am | Managed Care | 0 comments

Managed care company Evolent Health (NYSE: EVH) made its first acquisition in two years with the purchase of privately held New Century Health for up to $217 million. New Century, previously owned by NCIS Holdings, Inc., is a specialty care management company focused primarily on cancer and cardiac care. It manages approximately 462,000 Medicare Advantage (MA) lives under performance-based arrangements and provides administrative services to several partner organizations. The price is based on 3.1 million shares of EVH Class B common stock and $120 million at closing, as well as an earn-out of up to $20 million tied to future new business activity. Just for fun, that works out to only $470... Read More »