M&A Deal Summary

Healthcare Solutions Acquires ScripNet

On September 6, 2012, Healthcare Solutions acquired healthcare services company ScripNet

Acquisition Highlights
  • This is Healthcare Solutions’ 1st transaction in the Healthcare Services sector.
  • This is Healthcare Solutions’ 2nd transaction in the United States.
  • This is Healthcare Solutions’ 1st transaction in Nevada.

M&A Deal Summary

Date 2012-09-06
Target ScripNet
Sector Healthcare Services
Buyer(s) Healthcare Solutions
Deal Type Add-on Acquisition
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

ScripNet

Las Vegas, Nevada, United States
website
ScripNet is a provider of pharmacy benefit management companies in North America, providing PBM services to more than 5 million employees through pharmacies in all 50 states. ScripNet is a 10-time winner of Inc. Magazine's annual listing of the 500/5000 fastest-growing privately held companies in the nation and this year celebrates its 15th year in business.

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Buyer(S) 1

Buyer

Healthcare Solutions

Duluth, Georgia, United States

website


Category Company
Founded 2007
Sector Healthcare Services
DESCRIPTION

Healthcare Solutions provides ancillary healthcare and cost containment services to the workers’ compensation and auto medical claims markets. The company provides pharmacy benefit management, injury case management, preferred provider organization networks, and bill review services.


DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Nevada) 1 of 1
Country (United States) 2 of 3
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-26 Cypress Care

Duluth, Georgia, United States

Cypress Care, Inc. is a provider of pharmacy and specialty healthcare services to manage claims related expenses for workers' compensation and auto insurance carriers, third party administrators, managed care organizations, government agencies, and self-insured employers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-13 Modern Medical

Lewis Center, Ohio, United States

Modern Medical, is a pharmacy management and specialty health services company serving the workers’ compensation market.

Buy -