Investment Summary

Exits Coventry Health Care

On April 1, 1998, invested in insurance company Coventry Health Care from TA Associates

Investment Highlights
  • This is transaction in the Insurance sector.
  • This is transaction in the United States.
  • This is transaction in Maryland.
Investment Fate
  • Coventry Health Care was sold to a strategic buyer in 2013 for 7.3B USD.

Investment Summary

Date 1998-04-01
Target Coventry Health Care
Sector Insurance
Sellers(s) TA Associates
Deal Type Merger

Target

Coventry Health Care

Bethesda, Maryland, United States
website
Coventry Health Care, Inc. is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups.

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Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates Management LP is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $50 and $500 million per transaction. TA currently manages approximately $24 billion of capital and proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $150 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments up to $75 million. TA's geographic preference is North America and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 42 of 249
Sector (Insurance) 1 of 4
Type (Merger) 3 of 7
State (Maryland) 1 of 4
Country (United States) 40 of 205
Year (1998) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-02 Gulf South Medical Supply

Ridgeland, Mississippi, United States

Gulf South Medical Supply is a distributor of medical and surgical supplies to long-term care, retirement center and alternative site care facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-01 InterTrans Logistics Solutions

Markham, Ontario, Canada

InterTrans Logistics Solutions (ITLS) develops and markets transportation logistics software and services.

Sell -