M&A Deal Summary

Carenet Healthcare Services Acquires Stericycle Communication Solutions

On December 1, 2022, Carenet Healthcare Services acquired internet software and services company Stericycle Communication Solutions from Stericycle for 45M USD

Acquisition Highlights
  • This is Carenet Healthcare Services’ 2nd transaction in the Internet Software and Services sector.
  • This is Carenet Healthcare Services’ largest (disclosed) transaction.
  • This is Carenet Healthcare Services’ 3rd transaction in the United States.
  • This is Carenet Healthcare Services’ 1st transaction in Illinois.

M&A Deal Summary

Date 2022-12-01
Target Stericycle Communication Solutions
Sector Internet Software and Services
Buyer(s) Carenet Healthcare Services
Sellers(s) Stericycle
Deal Type Divestiture
Deal Value 45M USD

Target

Stericycle Communication Solutions

Bannockburn, Illinois, United States
website
Stericycle Communication Solutions provides online scheduling, automated messaging and strategic inbound and outbound call center services to drive patient access, action and adherence. Stericycle Communication Solutions is based in Bannockburn, Illinois.

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Buyer(S) 1

Buyer

Carenet Healthcare Services

San Antonio, Texas, United States

website


Category Company
Sector Healthcare Services
DESCRIPTION

Carenet Healthcare Services is a provider of healthcare engagement services and 24/7 access to medical care. Carenet's engagement specialists, care coordinators, and registered nurses support more than 50 million healthcare consumers on behalf of 100+ of the nation's premier health plans, providers, health systems and Fortune 500 organizations. Carenet Healthcare Services is based in San Antonio, Texas.


DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 2 of 2
Type (Divestiture) 2 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 4
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 OpenMed

Miami, Florida, United States

OpenMed is a digital innovator in closing care gaps, enabling access to care and supporting real-time collaboration between healthcare payers/risk-bearing entities (RBOs) and providers. OpenMed’s SaaS-based, programmatic access-to-care platform connects physicians, patients, health plans, labs, and other healthcare entities via mobile apps, texts, email, interactive voice response, and live/phone communications. The company's platform enables appointment scheduling, reverse scheduling, directives, and requisition services closely connecting patients, services, providers, and payers. It also offers an on-demand telehealth solution. OpenMed was formed in 2015 and is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Health Dialog Services

Boston, Massachusetts, United States

Health Dialog Services is a provider of care management services, including disease management. Health Dialog helps health plans, employers and physician groups improve healthcare quality while reducing overall costs. Health Dialog Services offerings include health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services. Health Dialog Services is based in Boston, Massachusetts.

Buy -

Seller(S) 1

SELLER

Stericycle

Bannockburn, Illinois, United States

website


Category Company
Founded 1989
Sector Environmental
Employees14,400
Revenue 2.7B USD (2020)
DESCRIPTION

Stericycle is a medical waste management company focused on medical waste collection, transportation, treatment, and disposal of sanitized sterilized medical waste to unrelated fourth-party owned landfills. Stericycle was founded in 1989 and is based in Bannockburn, Illinois.


DEAL STATS #
Overall 5 of 5
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 5 of 5
State (Illinois) 4 of 4
Country (United States) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Stericycle Expert Solutions

Indianapolis, Indiana, United States

Stericycle Expert Solutions protects businesses, their customers, and the environment through best practice recall and remediation solutions. Trusted by leading brands, the company works in partnership to manage the risks and minimize the impacts of business and product crises. Since 1995, Expert Solutions has managed over 5,000 recall and remediation programs, spanning 60+ countries and 20+ languages. With operations in the U.S. and Europe, the company works with clients across industries to uphold their commitments to customers, supply chain partners, and regulators.

Sell -