M&A Deal Summary |
|
|---|---|
| Date | 2007-12-07 |
| Target | LogistiCare Solutions |
| Sector | Healthcare Services |
| Buyer(s) | ModivCare |
| Sellers(s) |
Charterhouse Strategic Partners
Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 220M USD |
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| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Healthcare Services |
| Employees | 23,675 |
| Revenue | 2.8B USD (2024) |
ModivCare provides and manages government-sponsored social services and non-emergency transportation services. Providence's counselors, social workers, and behavioral health professionals work clients who are eligible for government assistance due to income level, emotional/educational disabilities or court order. The state and local government agencies that fund the social services Providence provides are required by law to provide counseling, case management, foster care and other support services to eligible individuals and families. Providence also manages and arranges for client transport to health care related facilities and services for state or regional Medicaid agencies, health maintenance organizations, or HMOs, and commercial insurers. ModivCare was formed in 1996 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector: Healthcare Services M&A | 2 of 4 |
| Type: Add-on Acquisition M&A Deals | 2 of 5 |
| State: Georgia M&A | 1 of 2 |
| Country: United States M&A | 2 of 7 |
| Year: 2007 M&A | 1 of 1 |
| Size (of disclosed) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-21 |
Providence Community Services
Cerritos, California, United States Providence Community Services LLC is a provider of healthcare services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-18 |
Matrix Medical Network
Scottsdale, Arizona, United States Matrix Medical Network is a provider of home-based medical assessments and has expanded its portfolio of services to include screening, chronic care management, physician engagement and analytics. Matrix Medical Network was founded in 2000 and is based in Scottsdale, Arizona. |
Buy | $400M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1973 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Charterhouse Strategic Partners is a private equity firm that targets investments in middle market companies located throughout North America. Charterhouse typically pursues companies valued between $25 and $150 million, however the firm will also consider new platform companies valued less than $50 million if there is the possibility for rapid expansion (organic or through acquisitions). Target companies generally possess highly motivated management with a proven track record, scalable business models, sustainable competitive advantages (brand recognition/proprietary products), and a leading position in a growing market. Broad sectors of interest include business services, healthcare services, consumer products, and consumer services. Charterhouse was founded in 1973 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 16 |
| Sector: Healthcare Services M&A | 1 of 2 |
| Type: Add-on Acquisition M&A Deals | 2 of 8 |
| State: Georgia M&A | 1 of 2 |
| Country: United States M&A | 6 of 15 |
| Year: 2007 M&A | 4 of 4 |
| Size (of disclosed) | 6 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-05 |
United Road Services
Romulus, Michigan, United States United Road Services is a provider of vehicle transport and logistics in North America. United Road serves 10,000-plus diverse customers including manufacturers, retailers, finance and leasing companies, rental agencies, auctions, web-based logistics firms and individuals transporting millions of new, remarketed and specialty vehicles annually. United Road Services was founded in 1998 and is based in Romulus, Michigan. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-04 |
Chamberlin Edmonds & Associates
Atlanta, Georgia, United States Chamberlin Edmonds & Associates is a provider of specialized eligibility determination services to hospitals throughout the U.S. CEA guides uninsured patients through complex application processes to secure government and community reimbursement for uncompensated medical care. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 138 of 298 |
| Sector: Healthcare Services M&A | 11 of 34 |
| Type: Add-on Acquisition M&A Deals | 62 of 134 |
| State: Georgia M&A | 4 of 8 |
| Country: United States M&A | 133 of 258 |
| Year: 2007 M&A | 12 of 12 |
| Size (of disclosed) | 30 of 51 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-12-04 |
IMMCO Diagnostics
Buffalo, New York, United States IMMCO Diagnostics provides high-quality diagnostic test kits and lab testing services worldwide for the screening of autoimmune disorders. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-01 |
Incentium
Chattanooga, Tennessee, United States Incentium LLC is a provider of corporate and consumer incentive programs and prepaid card solutions to Fortune 500 companies. |
Buy | - |
