Health Enterprise Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Health Enterprise Partners has acquired 2 companies. It has also invested in 4 others.

Health Enterprise Partners’ most common sectors for investment arehealthcare services (44%) and information technology (19%) . The Firm’s most common investment types include growth capital (47%) and venture (22%). In total, Health Enterprise Partners has invested in 16 US states. Its largest (disclosed) acquisition occurred in 2008 when it acquired Passport Health Communications for $232M.

In the last 3 years, Health Enterprise Partners has exited 8 companies. The Firm’s most common exit type is trade sale (82%). Health Enterprise Partners’ largest (disclosed) exit occurred in 2013 when it sold Passport Health Communications for $850M.

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M&A Summary

  • M&A Total Activity54
    • M&A Buy Activity32
    • M&A Sell Activity22
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 29
  • M&A Advisors 1

Health Enterprise Partners

Health Enterprise Partners LP

565 Fifth Avenue, 26th Floor,
New York, New York 10017
United States
(212) 981-6901
www.hepfund.com
info@hepfund.com

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Business Services, Consumer Services, Healthcare Services, Information Technology, Internet Software and Services, Life Science, Medical Products, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 26 - 1 3 2 - 32
vol $427M $427M
Sell (1.8/yr) # 13 1 3 5 - - 22
vol $1.2B $375M $194M $1.7B
  54

Most Recent M&A

Company Date Value Type
Family First Adolescent Services 2023-06-01 - Buyout (LBO, MBO, MBI)
Palm Beach Gardens, Florida · www.familyfirstas.com
InterMed Group, Inc. 2023-01-05 - Secondary Buyout
Alachua, Florida · www.intermed1.com
Toney Healthcare Consulting 2022-11-14 - Stake Purchase
Tampa, Florida · www.toneyhealthcare.com
Alivia Analytics LLC 2022-10-06 - Growth Capital
Woburn, Massachusetts · www.aliviaanalytics.com
Payer Compass LLC 2022-08-01 - Trade Sale
Plano, Texas · www.payercompass.com
Nordic Consulting Partners, Inc. 2022-06-11 - Trade Sale
Madison, Wisconsin · www.nordicglobal.com
Jvion, Inc. 2022-05-31 - Trade Sale
Johns Creek, Georgia · www.jvion.com
Proven Behavior Solutions LLC 2022-04-12 - Growth Capital
Norwell, Massachusetts · www.provenaba.com
Access Physicians 2022-03-31 194M USD Trade Sale
Dallas, Texas · www.accessphysicians.com
CenterPointe Behavioral Health System LLC 2022-01-03 - Trade Sale
Brentwood, Tennessee · www.centerpointebhs.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 5 (45%) - 14 (44%) 427M (100%)
Information Technology 1 (9%) - 6 (19%) -
Internet Software and Services 2 (18%) - 5 (16%) -
Business Services 1 (9%) - 2 (6%) -
Software - - 2 (6%) -
Consumer Services 1 (9%) - 1 (3%) -
Distribution 1 (9%) - 1 (3%) -
Medical Products - - 1 (3%) -
Total 11 - 32 $427M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (100%) - 32 (100%) 427M (100%)
  Florida 3 (27%) - 5 (16%) 155M (36%)
  Texas 2 (18%) - 5 (16%) -
  Virginia 1 (9%) - 3 (9%) -
  Connecticut 1 (9%) - 3 (9%) -
  Tennessee - - 3 (9%) 272M (64%)
  Massachusetts 2 (18%) - 2 (6%) -
  Pennsylvania - - 2 (6%) -
  California 1 (9%) - 1 (3%) -
  Alabama 1 (9%) - 1 (3%) -
  Arizona - - 1 (3%) -
  Wisconsin - - 1 (3%) -
  Washington - - 1 (3%) -
  North Carolina - - 1 (3%) -
  New Mexico - - 1 (3%) -
  New Jersey - - 1 (3%) -
  Georgia - - 1 (3%) -
Total 11 - 32 $427M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 6 (55%) - 15 (47%) -
Venture 1 (9%) - 7 (22%) -
Buyout (LBO, MBO, MBI) 2 (18%) - 5 (16%) 40M (9%)
Secondary Buyout 1 (9%) - 2 (6%) 232M (54%)
Going Private - - 1 (3%) 155M (36%)
Recapitalization - - 1 (3%) -
Stake Purchase 1 (9%) - 1 (3%) -
Total 11 - 32 $427M

Exits by Deal Type

Type Total # Value
Trade Sale 11 (50%) 569M (33%)
Trade Sale - Public Company 8 (36%) 1.2B (67%)
Secondary Sale 2 (9%) -
Unknown 1 (5%) -
Total 22 $1.7B

Top M&A Advisors

Legal Deals
McGuireWoods LLP
1

Deal Values

buy # Total
$100M to $1B 2 $387M
< $100M 1 $40M
TOTAL $427M
Largest Passport Health Communications, Inc.
$232M (2008-07-31)
sell # Total
$100M to $1B 5 $1.7B
TOTAL $1.7B
Largest Passport Health Communications, Inc.
$850M (2013-11-21)

M&A Connections

Deals
Acquired from
Investor(s)
9%
3 (9%)
Exited to
Investor(s)
9%
2 (9%)
Strategic(s)
82%
18 (82%)

FAQ

When was Health Enterprise Partners founded?

Health Enterprise Partners was founded in 2007.

What type of investor is Health Enterprise Partners?

Health Enterprise Partners is a private equity firm.

Where is Health Enterprise Partners headquartered?

Health Enterprise Partners is headquartered in New York, New York.

How much capital does Health Enterprise Partners have under management?

Health Enterprise Partners has 425M USD under management.

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