M&A Deal Summary

Inovalon Acquires ComplexCare Solutions

On July 1, 2017, Inovalon acquired healthcare services company ComplexCare Solutions from Warburg Pincus

Acquisition Highlights
  • This is Inovalon’s 2nd transaction in the Healthcare Services sector.
  • This is Inovalon’s 4th transaction in the United States.
  • This is Inovalon’s 1st transaction in Maryland.
Investment Fate
  • ComplexCare Solutions was divested to a consortium of buyers in 2025.

M&A Deal Summary

Date 2017-07-01
Target ComplexCare Solutions
Sector Healthcare Services
Buyer(s) Inovalon
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target

ComplexCare Solutions

Bowie, Maryland, United States
ComplexCare Solutions is a health services company specializes in face-to-face services for Medicare Advantage, Managed Long Term Care, Medicaid, SNP, and commercial plan members. ComplexCare Solutions was founded in 2010 and is based in Bowie, Maryland.

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Buyer(S) 1

Buyer

Inovalon

Bowie, Maryland, United States

Category Company
Founded 1998
Sector Information Technology
Employees2,500
Revenue 668M USD (2020)
DESCRIPTION

Inovalon is a provider of cloud-based platforms empowering data-driven healthcare. Through the Inovalon ONE Platform, the company brings to the marketplace a national-scale capability to interconnect with the healthcare ecosystem, aggregate and analyze data in real-time, and empower the application of resulting insights to drive meaningful impact at the point of care. Inovalon was founded in 1998 and is based in Bowie, Maryland.


DEAL STATS #
Overall 4 of 6
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 6
State: Maryland M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Creehan & Co.

Canonsburg, Pennsylvania, United States

Creehan & Co., Inc. is an independent provider of specialty pharmacy and specialty medications management software-as-a-service (SaaS) platforms.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 ABILITY Network

Minneapolis, Minnesota, United States

ABILITY Network, Inc. is a information technology company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. ABILITY is headquartered in Minneapolis with principal offices in Boston and Tampa.

Buy $1.2B

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 145 of 265
Sector: Healthcare Services M&A 9 of 14
Type: Add-on Acquisition M&A Deals 55 of 97
State: Maryland M&A 4 of 4
Country: United States M&A 87 of 150
Year: 2017 M&A 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Omega Geração

Barro Preto, Brazil

Omega Geração SA is a Brazil-based early-stage developer of small hydro power and wind projects. Omega continues to transition from an early-stage entrepreneurial start-up to a large-scale operation with complex project management and development capabilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-05 A Place for Mom

New York City, New York, United States

A Place for Mom is a provider of online referrals for senior communities, providing families with resources and personalized assistance in finding senior living options. A Place for Mom was founded in 2000 and is based in New York City, New York.

Sell -