M&A Deal Summary

Bright Health Group Acquires Zipnosis

On April 5, 2021, Bright Health Group acquired healthcare services company Zipnosis from Safeguard

Acquisition Highlights
  • This is Bright Health Group’s 1st transaction in the Healthcare Services sector.
  • This is Bright Health Group’s 1st transaction in the United States.
  • This is Bright Health Group’s 1st transaction in Minnesota.
Investment Fate
  • Zipnosis was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary

Date 2021-04-05
Target Zipnosis
Sector Healthcare Services
Buyer(s) Bright Health Group
Sellers(s) Safeguard
Deal Type Divestiture
Advisor(s) Cain Brothers & Co. LLC (Financial)

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 193,502 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

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 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 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.

Sell -

Seller(S) 1

SELLER

Safeguard

Radnor, Pennsylvania, United States

website


Category Company
Sector Financial Services
Employees30
DESCRIPTION

Safeguard is a provider of capital and operational expertise to emerging and growth-stage healthcare and technology enterprises that are developing innovative products and services.


DEAL STATS #
Overall 9 of 9
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 6 of 6
State (Minnesota) 1 of 1
Country (United States) 9 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-03 Transactis

Charlotte, North Carolina, United States

Transactis, Inc. is a provider of proprietary, patent-pending TransactMail technology that allows secure online transactions to take place directly from an email client using SSL without the need to herd the consumer over to a browser where they may become frustrated with the need to start their transaction all over again. Transactis, Inc. was founded in 2001 and is based in Charlotte, North Carolina.

Sell -