M&A Deal Summary

The Carlyle Group and TT Capital Partners Acquire CorroHealth

On September 30, 2020, private equity firm The Carlyle Group and growth capital firm TT Capital Partners acquired business services company CorroHealth

Acquisition Highlights
  • This is The Carlyle Group’s 33rd and TT Capital Partners’ 1st transaction in the Business Services sector.
  • This is The Carlyle Group’s 319th and TT Capital Partners’ 9th transaction in the United States.
  • This is The Carlyle Group’s 50th and TT Capital Partners’ 1st transaction in Texas.

M&A Deal Summary

Date 2020-09-30
Target CorroHealth
Sector Business Services
Buyer(s) The Carlyle Group
TT Capital Partners
Deal Type Consolidation

Target

CorroHealth

Plano, Texas, United States
website
CorroHealth focuses on providing a breadth of reimbursement cycle solutions. Across the reimbursement cycle, CorroHealth's scalable programs and clinical expertise help solve programmatic needs. CorroHealth was founded in 2020 and is based in Plano, Texas.

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Buyer(S) 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 656 of 695
Sector (Business Services) 33 of 35
Type (Consolidation) 4 of 4
State (Texas) 50 of 51
Country (United States) 319 of 336
Year (2020) 12 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 Visionary RCM

Chennai, India

Visionary RCM is a provider of risk adjustment and revenue cycle management services to the healthcare industry. Visionary RCM was founded in 2006 and is based in Chennai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 AA Insurance

Dublin, Ireland

AA Insurance is a roadside assistance provider and insurance intermediary. It provides roadside repair and Rescue, and Motor, Home, Travel & Life insurance. It also provides technical and audit services notably for the Road Safety Authority. AA Insurance was founded in 2016 and is based in Dublin, Ireland.

Sell -
DESCRIPTION

TT Capital Partners is the investment arm of financial advisory firm TripleTree. TT Capital Partners invests in emerging healthcare technology and services companies with the potential to be market leaders across disruptive themes in healthcare. TT Capital Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 10 of 15
Sector (Business Services) 1 of 2
Type (Consolidation) 1 of 1
State (Texas) 1 of 1
Country (United States) 9 of 14
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-10 MacroHealth

Kirkland, Washington, United States

MacroHealth is a health information technology company that provides healthcare network optimization and claims settlement services to insurers, third-party administrators (TPAs), provider-sponsored health plans, and other payers. MacroHealth was formed in 2017 and is based in Kirkland, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 Icario

Minneapolis, Minnesota, United States

Icario is a health action company focused on connecting people to health. Icario uses pioneering behavioral research, data science, and our adaptive multi-channel platform to deliver personalization at scale for the most trusted healthcare organizations in all 50 states, including seven of the 10 largest health plans. Icario was founded in 2006 and is based in Minneapolis, Minnesota.

Sell -