M&A Deal Summary

Signify Health Acquires Remedy Partners

On August 20, 2019, Signify Health acquired information technology company Remedy Partners from New Mountain Capital

Acquisition Highlights
  • This is Signify Health’s 2nd transaction in the Information Technology sector.
  • This is Signify Health’s 3rd transaction in the United States.
  • This is Signify Health’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2019-08-20
Target Remedy Partners
Sector Information Technology
Buyer(s) Signify Health
Sellers(s) New Mountain Capital
Deal Type Merger

Target

Remedy Partners

Norwalk, Connecticut, United States
website
Remedy Partners is a technology, data, analytics, and services provider for the healthcare “bundled payments” sector, with offerings that both reduce healthcare costs and improve patient outcomes. Bundled payments link payments for the multiple services beneficiaries receive during an episode of care, enabling organizations to enter into payment arrangements that include financial and performance accountability for episodes of care. Remedy uses a proprietary database and advanced data and analytics to collaborate with health systems, at-risk providers, and employers in order to improve coordination of post-acute care.

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Buyer(S) 1

Buyer

Signify Health

Dallas, Texas, United States

website

Category Company
Founded 2017
Sector Information Technology
Employees2,100
Revenue 773M USD (2021)
DESCRIPTION

Signify Health is a provider of in-home, technology-enabled healthcare services, partnering with health plans, pharma, and other risk-bearing organizations on its mission to improve quality of life by providing comprehensive care. Signify Health was founded in 2017 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 2 of 2
Type (Merger) 2 of 2
State (Connecticut) 1 of 1
Country (United States) 3 of 5
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 TAVHealth

San Antonio, Texas, United States

Triple Aim Ventures LLC is a provider of a platform for collaborating with risk-bearing and community-based organizations to address social determinants of health (SDOH). Triple Aim Ventures is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 PatientBlox

Alpharetta, Georgia, United States

PatientBlox is an operator of a technology company with deep expertise in applying distributed ledger technology in healthcare. PatientBlox’s proprietary software and patent-pending technology platform enable healthcare payer and provider collaboration for the rapid scaling of prospective bundled payment programs. PatientBlox is based in Alpharetta, Georgia.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

website

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 27 of 45
Sector (Information Technology) 5 of 8
Type (Merger) 4 of 4
State (Connecticut) 2 of 3
Country (United States) 24 of 42
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 Equian

Indianapolis, Indiana, United States

Equian LLC is a healthcare information services company focused on lowering the cost of care by eliminating waste. Equian was founded in 1987 and is based in Indianapolis, Indiana.

Sell $3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-22 Finvi

Muncie, Indiana, United States

Finvi is a provider of enterprise software that automates complex workflows and accelerates revenue recovery for clients in the healthcare, accounts receivable management (ARM), and government markets. Finvi was founded in 1980 and is based in Muncie, Indiana.

Buy -
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