M&A Deal Summary

Investcorp International Acquires Health Plus Management

On January 28, 2019, asset manager Investcorp International acquired healthcare services company Health Plus Management from Alpine Investors

Acquisition Highlights
  • This is Investcorp International’s 2nd transaction in the Healthcare Services sector.
  • This is Investcorp International’s 69th transaction in the United States.
  • This is Investcorp International’s 7th transaction in New York.

M&A Deal Summary
Date 2019-01-28
Target Health Plus Management
Sector Healthcare Services
Buyer(s) Investcorp International
Sellers(s) Alpine Investors
Deal Type Secondary Buyout

Target

Health Plus Management

Uniondale, New York, United States
website
Health Plus Management is a provider of physician-owned practices with an effective administrative solution for outsourcing non-medical, front and back office operations. Services include site selection and buildout, front and back office management, marketing, human resources support, technology and reporting. Health Plus Management was founded in 1994 and is based in Uniondale, New York.

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Buyer(S) 1

Buyer

Investcorp International

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1982
PE ASSETS 21.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp International, Inc. is a publicly traded global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 137 of 175
Sector (Healthcare Services) 2 of 5
Type (Secondary Buyout) 49 of 57
State (New York) 7 of 7
Country (United States) 69 of 81
Year (2019) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 Ubisense - SmartSpace Business Unit

Cambridge, United Kingdom

Ubisense's SmartSpace Business Unit is an enterprise software and sensor platform that generates and interprets vast amounts of location data to create digital visibility of real-world objects and their interactions in real time, enabling complex manufacturing processes with high levels of variability to be more flexible, easier to manage and easier to control.

Buy £35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Cambio

Linköping, Sweden

Cambio operates in the Electronic Health Records (“EHR") market, offering software solutions for the acute, primary, social and person-centered care. Cambio promotes a holistic view on health and social care and offers an EHR agnostic solution for clinical decision support applicable for all branches of health and social care. Cambio was founded in 1993 and is based in Linköping, Sweden.

Buy -

Seller(S) 1

SELLER

Alpine Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Alpine Investors is a private investment firm that principally targets small to mid-sized, software and service company acquisitions in the US, Canada, Europe, and Australia. Alpine looks for businesses with cash-flow of $1 to $50 million and will consider both control and non-control positions. Alpine prefers businesses with recurring revenues, identifiable growth opportunities, sustainable margins, and significant barriers to entry. Alpine Investors was established in 2001 and is based in San Francisco, California.

DEAL STATS #
Overall 12 of 24
Sector (Healthcare Services) 1 of 1
Type (Secondary Buyout) 5 of 9
State (New York) 2 of 2
Country (United States) 12 of 24
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 Avitru

Alexandria, Virginia, United States

Avitru empowers architects, engineers, contractors, and owners to make better, faster decisions. As the exclusive developer of AIA MasterSpec®, AVITRU has leveraged its position in the market to enable the collaborative exchange of expert knowledge to design, build, and operate a better-built environment. The AVITRU team is committed to constructing a world where better building leads to better lives.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Midwest Vision Partners

Chicago, Illinois, United States

Midwest Vision Partners is a people-centric organization that enable its physicians to focus on helping patients live their best lives through sight. Created for physician groups with an eye towards growth, our organization is committed to providing its high quality physicians with operational expertise, a suite of best practices, and a growth playbook to accelerate their businesses.

Buy -
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