M&A Deal Summary

CenCorp Health Solutions Acquires OptiCare - Managed Vision Business

On July 13, 2006, CenCorp Health Solutions acquired medical products company OptiCare - Managed Vision Business from OptiCare Health Systems for 8M USD

Acquisition Highlights
  • This is CenCorp Health Solutions’ 1st transaction in the Medical Products sector.
  • This is CenCorp Health Solutions’ 2nd largest (disclosed) transaction.
  • This is CenCorp Health Solutions’ 2nd transaction in the United States.
  • This is CenCorp Health Solutions’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2006-07-13
Target OptiCare - Managed Vision Business
Sector Medical Products
Buyer(s) CenCorp Health Solutions
Sellers(s) OptiCare Health Systems
Deal Type Divestiture
Deal Value 8M USD

Target

OptiCare - Managed Vision Business

Rocky Mount, North Carolina, United States
OptiCare Managed Vision business, contracts with insurers, employer groups, managed care plans, HMOs and other third-party payors to manage claims payment and other administrative services of eye health benefits.

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Buyer(S) 1

Buyer

CenCorp Health Solutions

St. Louis, Missouri, United States

website


Category Company
Founded 2002
SectorHealthcare Services
DESCRIPTION

CenCorp Health Solutions, Inc., is a healthcare provider services company.


DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2006) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-10 Cardium Health Services

Farmington, Connecticut, United States

Cardium Health Services Corp., a chronic disease management company. Cardium Health, an innovator in chronic disease management, focuses on individuals diagnosed with coronary artery disease, congestive heart failure and diabetes, among others; the company offers its services to self-insured employers and other benefit plan sponsors.

Buy $12M

Seller(S) 1

SELLER

OptiCare Health Systems

Waterbury, Connecticut, United States

website


Category Company
Founded 1990
SectorMedical Products
Employees393
DESCRIPTION

OptiCare Health Systems, Inc., administers vision benefits with fully customized solutions that will reduce cost while delivering optimal managed eye care programs.


DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1