M&A Deal Summary

Elevance Health Acquires Simply Healthcare Plans

On February 18, 2015, Elevance Health acquired healthcare services company Simply Healthcare Plans from MBF Healthcare Partners

Acquisition Highlights
  • This is Elevance Health’s 11th transaction in the Healthcare Services sector.
  • This is Elevance Health’s 14th transaction in the United States.
  • This is Elevance Health’s 1st transaction in Florida.

M&A Deal Summary

Date 2015-02-18
Target Simply Healthcare Plans
Sector Healthcare Services
Buyer(s) Elevance Health
Sellers(s) MBF Healthcare Partners
Deal Type Add-on Acquisition

Target

Simply Healthcare Plans

Coral Gables, Florida, United States
website
Simply Healthcare Plans, Inc. ("SHP") is a managed care organization. SHP was founded to provide individuals quality health care and related services.

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Buyer(S) 1

Buyer

Elevance Health

Indianapolis, Indiana, United States

website


Category Company
Founded 1944
Sector Insurance
Employees98,200
Revenue 156.6B USD (2022)
DESCRIPTION
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.
Entrance to Elevance Health's corporate headquarters in Indianapolis, Indiana.

Elevance Health is a health benefits company serving customers throughout the United States. Through its networks nationwide, the company delivers a number of leading health benefit solutions through a broad portfolio of integrated health care plans and related services, along with a wide range of specialty products such as life and disability insurance benefits, dental, vision, behavioral health benefit services, as well as long term care insurance and flexible spending accounts. Elevance Health was established in 1944 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 15 of 25
Sector (Healthcare Services) 11 of 18
Type (Add-on Acquisition) 12 of 20
State (Florida) 1 of 2
Country (United States) 14 of 23
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 1-800-Contacts

Draper, Utah, United States

1-800-Contacts is a direct-to-consumer independent retailer of contact lenses in the US. The Company also provides contact lens sourcing and fulfillment services to leading brick-and-mortar retailers. 1-800-Contacts was formed in 1995 and is based in Draper, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 HealthSun Health Plans

Coconut Grove, United States

HealthSun Health Plans, Inc. is a provider of an integrated medicare advantage health plans and healthcare delivery networks. HealthSun Health Plans was founded in 2005 and is based in Coconut Grove, Florida.

Buy -

Seller(S) 1

SELLER

MBF Healthcare Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 397M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

MBF Healthcare Partners (MBF) is a specialist private equity firm that makes investments in emerging and established healthcare companies. MBF seeks investments in businesses with EBITDA of at least $5 million and valued up to $300 million. MBF prefers control ownership positions with typical acquisitions coming in the form of outright business purchases, growth financings, or recapitalizations. MBF Healthcare Partners is based in Coral Gables, Florida.


DEAL STATS #
Overall 8 of 13
Sector (Healthcare Services) 5 of 8
Type (Add-on Acquisition) 7 of 9
State (Florida) 6 of 9
Country (United States) 8 of 13
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Navarro Discount Pharmacies

Medley, Florida, United States

Navarro Discount Pharmacies LLC is a pharmacy retail services company that provides a broad range of pharmacy benefit management services, including retail, mail order and specialty pharmacy services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Acorn Health

Coral Gables, Florida, United States

Acorn Health develops, applies, and shares the latest advances in the science of applied behavior analysis (ABA) to children with autism in Southern Illinois and Northern Missouri. Acorn Health was founded in 2018 and is based in Coral Gables, Florida.

Buy -