Health Enterprise Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Health Enterprise Partners has acquired 1 company. It has also invested in 3 others.

Health Enterprise Partners’ most common sectors for investment arehealthcare services (44%) and information technology (20%) . The Firm’s most common investment types include growth capital (47%) and venture (24%). 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 7 companies. The Firm’s most common exit type is trade sale (85%). 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 Activity50
    • M&A Buy Activity30
    • M&A Sell Activity20
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 27
  • M&A Advisors 1

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 2006 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: 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 ≤ '18 '19 '20 '21 '22 '23 T
Buy (1.6/yr) # 22 4 - 1 2 1 30
vol $427M $427M
Sell (1.6/yr) # 12 1 1 2 4 - 20
vol $1.2B $1.2B
  50

Most Recent M&A

Company Date Value Type
The InterMed Group 2023-01-05 - Secondary Buyout
Alachua, Florida · www.intermed1.com
Toney Healthcare Consulting 2022-11-14 - Stake Purchase
Tampa, Florida · www.toneyhealthcare.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
CenterPointe Behavioral Health System LLC 2022-01-03 - Trade Sale
Brentwood, Tennessee · www.centerpointebhs.com
Twistle, Inc. 2021-06-24 - Trade Sale
Albuquerque, New Mexico · www.twistle.com
Axia Technologies LLC 2021-04-02 - Trade Sale
Santa Barbara, California · www.axiamed.com
Aware Recovery Care 2021-01-29 - Growth Capital
Wallingford, Connecticut · www.awarerecoverycare.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 6 (50%) - 13 (43%) 427M (100%)
Information Technology 1 (8%) - 6 (20%) -
Internet Software and Services 1 (8%) - 4 (13%) -
Business Services 1 (8%) - 2 (7%) -
Software - - 2 (7%) -
Consumer Services 1 (8%) - 1 (3%) -
Distribution 1 (8%) - 1 (3%) -
Medical Products 1 (8%) - 1 (3%) -
Total 12 - 30 $427M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (100%) - 30 (100%) 427M (100%)
  Florida 2 (17%) - 4 (13%) 155M (36%)
  Texas 2 (17%) - 4 (13%) -
  Connecticut 1 (8%) - 3 (10%) -
  Pennsylvania 1 (8%) - 3 (10%) -
  Tennessee - - 3 (10%) 272M (64%)
  California 2 (17%) - 2 (7%) -
  Virginia 1 (8%) - 2 (7%) -
  Alabama 1 (8%) - 1 (3%) -
  North Carolina 1 (8%) - 1 (3%) -
  Massachusetts 1 (8%) - 1 (3%) -
  Arizona - - 1 (3%) -
  Wisconsin - - 1 (3%) -
  Washington - - 1 (3%) -
  New Mexico - - 1 (3%) -
  New Jersey - - 1 (3%) -
  Georgia - - 1 (3%) -
Total 12 - 30 $427M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 7 (58%) - 14 (47%) -
Venture 2 (17%) - 7 (23%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 4 (13%) 40M (9%)
Secondary Buyout 1 (8%) - 2 (7%) 232M (54%)
Going Private - - 1 (3%) 155M (36%)
Recapitalization - - 1 (3%) -
Stake Purchase 1 (8%) - 1 (3%) -
Total 12 - 30 $427M

Exits by Deal Type

Type Total # Value
Trade Sale 9 (45%) -
Trade Sale - Public Company 8 (40%) 1.2B (100%)
Secondary Sale 2 (10%) -
Unknown 1 (5%) -
Total 20 $1.2B

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 3 $1.2B
TOTAL $1.2B
Largest Passport Health Communications, Inc.
$850M (2013-11-21)

M&A Connections

Deals
Acquired from
Investor(s)
10%
3 (10%)
Exited to
Investor(s)
10%
2 (10%)
Strategic(s)
85%
17 (85%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

425M USD

Established

2007

Specialist/Generalist

Specialist

Leadership

Bob Schulz

Co-Founder & Managing Partner

Rick Stowe

Co-Founder & Managing Partner

Dave Tamburri

Managing Partner

Ezra Mehlman

Managing Partner

Pete Tedesco

Principal

FAQ

When was Health Enterprise Partners LP founded?

Health Enterprise Partners LP was founded in 2007.

What type of investor is Health Enterprise Partners LP?

Health Enterprise Partners LP is a private equity firm.

Where is Health Enterprise Partners LP headquartered?

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

How much capital does Health Enterprise Partners LP have under management?

Health Enterprise Partners LP has 425M USD under management.

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