M&A Deal Summary

Florence Acquires Zipnosis

On May 24, 2023, Florence acquired healthcare services company Zipnosis from Bright Health Group

Acquisition Highlights
  • This is Florence’s 1st transaction in the Healthcare Services sector.
  • This is Florence’s 1st transaction in the United States.
  • This is Florence’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2023-05-24
Target Zipnosis
Sector Healthcare Services
Buyer(s) Florence
Sellers(s) Bright Health Group
Deal Type Divestiture

Target

Zipnosis

Minneapolis, Minnesota, United States
website
Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota.

Search 192,510 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Florence

New York, New York, United States

website


Category Company
Founded 2021
Sector Information Technology
DESCRIPTION

Florence is a health tech company that creates solutions to healthcare. Florence's technology enables healthcare providers to deliver faster, higher quality and more accessible care while reducing costs via consumer-grade patient experiences that automate workflows for staff. Florence was founded in 2021 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Bright Health Group

Minneapolis, Minnesota, United States

website


Category Company
Sector Healthcare Services
DESCRIPTION

Bright Health Group is a healthcare platform that offers diversified health products and managed care services to over 500,000 consumers in 14 states and more than 50 markets. Bright Health Group provides consumers access to personalized care teams tailored to their individual needs. Bright Health Group delivers high-quality virtual and in-person clinical care to over 220,000 patients through our approximately 40 managed and affiliated advanced risk-bearing primary care clinics. Bright Health Group gives providers the tools they need to optimize their practices and deliver value-based care to the patients they serve. Bright Health Group is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Zipnosis

Minneapolis, Minnesota, United States

Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Brand New Day and Central Health Plan of California

California, United States

Brand New Day and Central Health Plan of California offers health insurance plans to companies and consumers in the state of California.

Sell $435M