M&A Deal Summary

UnitedHealth Acquires Genoa Healthcare

On August 8, 2018, UnitedHealth acquired healthcare services company Genoa Healthcare from Advent International and QOL Medical

Acquisition Highlights
  • This is UnitedHealth’s 6th transaction in the Healthcare Services sector.
  • This is UnitedHealth’s 12th transaction in the United States.
  • This is UnitedHealth’s 1st transaction in Washington.

M&A Deal Summary

Date 2018-08-08
Target Genoa Healthcare
Sector Healthcare Services
Buyer(s) UnitedHealth
Sellers(s) Advent International
QOL Medical
Deal Type Divestiture

Target

Genoa Healthcare

Tukwila, Washington, United States
website
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

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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 14 of 16
Sector (Healthcare Services) 6 of 7
Type (Divestiture) 2 of 2
State (Washington) 1 of 1
Country (United States) 12 of 14
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-22 XLHealth

Baltimore, Maryland, United States

XLHealth is the owner and operator of Care Improvement Plus, a Medicare Advantage health plan committed to delivering quality health care benefits and serving the underserved. Focused on improving patient outcomes and reducing health care spending, Care Improvement Plus provides comprehensive Medicare coverage and a Part D prescription drug benefit, plus additional services such as dental and vision coverage, and care management support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 Equian

Indianapolis, Indiana, United States

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.

Buy $3.2B

Seller(S) 2

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 174 of 209
Sector (Healthcare Services) 12 of 12
Type (Divestiture) 3 of 4
State (Washington) 2 of 2
Country (United States) 61 of 76
Year (2018) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Wydawnictwa Szkolne i Pedagogiczne SA

Warsaw, Poland

Wydawnictwa Szkolne i Pedagogiczne SA is an educational publisher offering a complete range of textbooks, supplementary books and multimedia for all types of schools and all school levels. Wydawnictwa Szkolne i Pedagogiczne SA was founded in 1945 and is based in Warsaw, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Manjushree India

Bengaluru, India

Manjushree India is a manufacturer and seller of folding cartons and paper packaging in the highly fragmented packaging sector. Manjushree has three manufacturing facilities (Daman, Chakan, and Pantnagar) to provide pan India support, and caters to a well-diversified base of marquee customers across different end segments including F&B, HPC, Pharmaceuticals, QSR, and Industrial. Manjushree India was founded in 1996 and is based in Bengaluru, India.

Buy -
SELLER

QOL Medical

Vero Beach, Florida, United States

website


Category Company
Founded 2002
Sector Life Science
DESCRIPTION

Specialty pharmaceutical company focused on the gastrointestinal market.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 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 -