M&A Deal Summary

Humana Acquires onehome

On June 14, 2021, Humana acquired healthcare services company onehome from Strand Equity and WayPoint Capital Partners

Acquisition Highlights
  • This is Humana’s 26th transaction in the Healthcare Services sector.
  • This is Humana’s 31st transaction in the United States.
  • This is Humana’s 7th transaction in Florida.

M&A Deal Summary
Date 2021-06-14
Target onehome
Sector Healthcare Services
Buyer(s) Humana
Sellers(s) Strand Equity
WayPoint Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Alvarez & Marsal
MTS Health Partners LP (Financial)
Winston & Strawn (Legal)

Target

onehome

Miramar, Florida, United States
website
onehome provides meeting the needs of health plans by serving its members through a single-source solution. It manages patients’ complex and chronic needs from infusion care to nursing and durable medical equipment services at the home, promoting quality of life, improving health for patients, and reducing costs for the health plans. onehome was founded in 1998 and is based in Miramar, Florida.

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Buyer(S) 1

Buyer

Humana

Louisville, Kentucky, United States

website

Category Company
Founded 1961
Sector Healthcare Services
Employees67,600
Revenue 106.4B USD (2023)
DESCRIPTION

Humana is a managed healthcare company that markets and administers health insurance. Humana operates through three segments. These include Retail, Employer Group, and Healthcare Services. The Retail segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products, marketed directly to individuals. The Employer Group segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and voluntary benefit products. The Healthcare Services segment includes services offered to health plan members as well as to third parties, including pharmacy, provider services, home based services, integrated behavioral health services, and predictive modeling and informatics services. Humana was formed in 1961 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 31 of 33
Sector (Healthcare Services) 26 of 27
Type (Add-on Acquisition) 24 of 25
State (Florida) 7 of 7
Country (United States) 31 of 33
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Heal

Pacific Palisades, California, United States

Heal offers technology innovation to re-humanize the practice of medicine in a way throughout Atlanta, Georgia California, New York, Northern Virginia, and D.C. Heal was founded in 2015 and is based in Pacific Palisades, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Kindred

Louisville, Kentucky, United States

Kindred is a healthcare services company based in Louisville, Kentucky. Kindred provides healthcare services in 2,353 locations, including 97 transitional care hospitals, five inpatient rehabilitation hospitals, 98 nursing centers, 21 sub-acute units, 153 Kindred at Home hospice, home health and non-medical home care locations, 104 inpatient rehabilitation units (hospital-based), and a contract rehabilitation services business, RehabCare, which serves 1,875 non-affiliated facilities. Kindred was founded in 1985 and is based in Louisville, Kentucky.

Sell -

Seller(S) 2

SELLER

Strand Equity

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Strand Equity Partners is a growth equity firm investing in companies from the consumer industry. Prospective transaction types include management buyouts and growth financings. Strand Equity Partners was formed in 2012 and is based in Los Angeles, California.

DEAL STATS #
Overall 8 of 13
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Florida) 1 of 1
Country (United States) 7 of 11
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Oatly

Malmo, Sweden

Oatly is a provider of dairy-free brand, with a broad range of healthy and sustainable oat-based products. Oatly was founded in 1994 and is based in Malmo, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 Diggs

Long Island City, New York, United States

Diggs improves the safety, happiness and health of pets through thoughtful product design and innovation. Diggs launched by reimagining the dog crate and crate training experience with the Revol Dog Crate, and continues to grow its assortment of better, safer products for pets and pet parents. Diggs is based in Long Island City, New York.

Buy -
SELLER

WayPoint Capital Partners

website

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

WayPoint Capital Partners is a private investment firm focused on working in partnership with founders and management teams to build and grow companies. WayPoint does not have any sector preferences and looks to commit $10 to $30 million per transaction. WayPoint Capital Partners is based in New York City.

DEAL STATS #
Overall 2 of 4
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 Stallergenes Greer

London, United Kingdom

Stallergenes Greer is a global biopharmaceutical company specializing in the diagnosis and treatment of respiratory allergies through the development and commercialization of Allergy Immunotherapy products and services. The company's purpose is to enable precision medicine to improve life for people with allergies. Stallergenes Greer is headquartered in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 PS Logistics

Birmingham, Alabama, United States

PS Logistics is a full-service logistics solution provider with over 2000 flatbed assets, vans, step decks/RGN's, brokerage division, transportation management and 3PL, and dedicated fleet operations. PS Logistics is based in Birmingham, Alabama.

Sell -
Mergr

Product

Company

Legal