M&A Deal Summary

UnitedHealth Acquires Equian

On June 21, 2019, UnitedHealth acquired information technology company Equian from New Mountain Capital for 3.2B USD

Acquisition Highlights
  • This is UnitedHealth’s 1st transaction in the Information Technology sector.
  • This is UnitedHealth’s 4th largest (disclosed) transaction.
  • This is UnitedHealth’s 13th transaction in the United States.
  • This is UnitedHealth’s 1st transaction in Indiana.

M&A Deal Summary

Date 2019-06-21
Target Equian
Sector Information Technology
Buyer(s) UnitedHealth
Sellers(s) New Mountain Capital
Deal Type Add-on Acquisition
Deal Value 3.2B USD

Target

Equian

Indianapolis, Indiana, United States
website
Equian LLC is a healthcare information services company focused on lowering the cost of care by eliminating waste. Equian was founded in 1987 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

UnitedHealth

Minnetonka, Minnesota, United States

website


Category Company
Founded 1977
Sector Healthcare Services
Employees330,000
Revenue 322.1B USD (2022)
DESCRIPTION
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.

UnitedHealth is a diversified healthcare company. With a suite of health benefits and services, the company serves millions of individuals, employers, and government organizations. UnitedHealth operates through two primary businesses: UnitedHealthcare, which offers a range of health insurance plans and services, and Optum, which provides healthcare solutions focused on improving healthcare delivery, affordability, and outcomes. Through its network of healthcare providers, advanced analytics, and technology-driven solutions, UnitedHealth looks to make healthcare more accessible, efficient, and patient-centered, ultimately transforming the way healthcare is delivered and experienced. UnitedHealth was formed in 1977 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 15 of 16
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Indiana) 1 of 1
Country (United States) 13 of 14
Year (2019) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Genoa Healthcare

Tukwila, Washington, United States

Genoa Healthcare LLC is a behavioral health specialty pharmacy company. Dedicated to serving the needs of those in the behavioral health and addiction treatment communities, and others who have complex, chronic health conditions, Genoa Healthcare is the largest provider of pharmacy, outpatient telepsychiatry and medication management services

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-24 Landmark Health

Huntington Beach, California, United States

Landmark Health is a risk-bearing provider of in-home healthcare services to high risk, polychronic patients. Landmark Health was founded in 2013 and is based in Huntington Beach, California.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 26 of 45
Sector (Information Technology) 4 of 8
Type (Add-on Acquisition) 13 of 22
State (Indiana) 1 of 2
Country (United States) 23 of 42
Year (2019) 2 of 4
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 Real Chemistry

San Francisco, California, United States

Real Chemistry is a global health company, focused on delivering analytics-driven, digital-first solutions to the healthcare industry. Real Chemistry uses proprietary technology, healthcare-specific data analytics and deep subject matter expertise to enable its clients to efficiently engage with the broader healthcare ecosystem – including consumers, providers, physicians and payors – and address complex commercial challenges, such as physician education, clinical trial engagement, consumer disease awareness, patient engagement, brand positioning and value articulation. Real Chemistry was founded in 2001 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 Remedy Partners

Norwalk, Connecticut, United States

Remedy Partners is a technology, data, analytics, and services provider for the healthcare “bundled payments” sector, with offerings that both reduce healthcare costs and improve patient outcomes. Bundled payments link payments for the multiple services beneficiaries receive during an episode of care, enabling organizations to enter into payment arrangements that include financial and performance accountability for episodes of care. Remedy uses a proprietary database and advanced data and analytics to collaborate with health systems, at-risk providers, and employers in order to improve coordination of post-acute care.

Sell -