M&A Deal Summary

HLTH Acquires MedE America

On April 21, 1999, HLTH acquired healthcare services company MedE America from Welsh Carson Anderson & Stowe for 450M USD

Acquisition Highlights
  • This is HLTH’s 1st transaction in the Healthcare Services sector.
  • This is HLTH’s largest (disclosed) transaction.
  • This is HLTH’s 1st transaction in the United States.
  • This is HLTH’s 1st transaction in New York.

M&A Deal Summary
Date 1999-04-21
Target MedE America
Sector Healthcare Services
Buyer(s) HLTH
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition
Deal Value 450M USD

Target

MedE America

East Meadow, New York, United States
MedE America Corporation provides electronic data interchange products and services that allows hospitals, pharmacies, physicians, dentists, and other healthcare providers and provider groups to electronically edit, process, and transmit claims; eligibility and enrollment data; track claims submissions throughout the claims payment process; and obtain faster reimbursement for their services.

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Buyer(S) 1

Buyer

HLTH

Elmwood Park, New Jersey, United States

website

Category Company
Sector Information Services
DESCRIPTION

HLTH Corp. is a provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through its public and private online portals and health-focused publications.

DEAL STATS #
Overall 1 of 12
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 10
State (New York) 1 of 1
Country (United States) 1 of 12
Year (1999) 1 of 2
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 Greenberg News Networks

Atlanta, Georgia, United States

Greenberg News Networks, Inc. is an Internet-based medical news and information service. Medcast would significantly enhance the combined Healtheon/WebMD entity's array of physician and consumer content and services, with proprietary daily medical news, information and education services.

Buy $215M

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.

DEAL STATS #
Overall 6 of 73
Sector (Healthcare Services) 3 of 25
Type (Add-on Acquisition) 3 of 43
State (New York) 1 of 6
Country (United States) 6 of 70
Year (1999) 1 of 1
Size (of disclosed) 25 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-29 Accredo Health Group

Memphis, Tennessee, United States

Accredo Health Group, Inc., provides specialty pharmacy and related services for patients with certain complex and chronic conditions through our unique Therapeutic Resource Centers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-19 Ovation Healthcare

Brentwood, Tennessee, United States

Ovation Healthcare is a provider of consulting, management and education resources to hospitals and health systems for more than three decades. Ovation Healthcare is a hospital management, with nearly 150 current multi-year clients across the U.S. Ovation Healthcare was founded in 1977 and is based in Brentwood, Tennessee.

Buy -
Mergr

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