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  6. HealthSpring Acquires Leon Medical Centers Health Plans

M&A Deal Summary

HealthSpring Acquires Leon Medical Centers Health Plans

On August 9, 2007, HealthSpring acquired healthcare services company Leon Medical Centers Health Plans

Acquisition Highlights
  • This is HealthSpring’s 1st transaction in the Healthcare Services sector.
  • This is HealthSpring’s 1st transaction in the United States.
  • This is HealthSpring’s 1st transaction in Florida.

M&A Deal Summary
Date 2007-08-09
Target Leon Medical Centers Health Plans
Sector Healthcare Services
Buyer(s) HealthSpring
Deal Type Add-on Acquisition
Advisor(s) Bilzin Sumberg Baena Price & Axelrod (Legal)

Target

Leon Medical Centers Health Plans

Miami, Florida, United States
Leon Medical Centers Health Plans, Inc. is a Medicare Advantage Organization with Part D prescription drug coverage, which is available to anyone enrolled in Medicare Part B and entitled to Medicare Part A due to age or disability. Leon CaresTM is a healthcare plan offered by Leon Medical Centers Health Plans to its more than 25,700 members. Leon Medical Centers Health Plans is the exclusive HMO for Leon Medical Centers, Inc., a healthcare provider with five locations throughout Miami-Dade County.

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Buyer(S) 1

Buyer

HealthSpring

Franklin, Tennessee, United States
Category Company
Founded 2000
Sector Healthcare Services
DESCRIPTION

HealthSpring, Inc. is a managed care organization that operates commercial and Medicare Advantage health plans through comprehensive provider networks in four states.

DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1
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