Add-on Acquisition • Healthcare Services

Access TeleCare Acquires Forefront Telecare

On September 1, 2022, Access TeleCare acquired healthcare services company Forefront Telecare from Boston Millennia Partners

Acquisition Context
  • This is Access TeleCare’s 4th transaction in the Healthcare Services sector.
  • This is Access TeleCare’s 3rd transaction in the United States.
  • This is Access TeleCare’s 1st transaction in New Jersey.

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M&A Deal Summary

Date September 1, 2022
Target Forefront Telecare
Sector Healthcare Services
Buyer(s) Access TeleCare
Sellers(s) Boston Millennia Partners
Deal Type Add-on Acquisition
Advisor(s) MTS Health Partners (Financial)
Sheppard Mullin Richter & Hampton (Legal)

Target Company

Forefront Telecare

Hamilton, New Jersey, United States
Forefront Telecare is a provider of behavioral services via Telehealth to vulnerable populations across the country, with a focus on high acuity psychiatric patients in rural markets, Forefront offers services to hospitals, skilled nursing facilities, and clinics that have limited access to behavioral health practitioners. Forefront Telecare was founded in 2010 and is based in Hamilton, New Jersey.
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Buyer Overview 1

Buyer

Access TeleCare

Dallas, Texas, United States

Category Company
Sector Information Technology
Employees300
DESCRIPTION

Access TeleCare is a provider of telemedicine technology and solutions to hospitals, health systems, post-acute providers, physician networks, value-based care organizations, and health plans. Built on proven and scalable infrastructure as an enterprise-wide solution, Access TeleCare’s technology platform, Telemed IQ, rapidly deploys and seamlessly optimizes telemedicine programs across the continuum of care. Access TeleCare is based in Dallas, Texas.


Deal Context for Buyer #
Overall 4 of 4
Sector: Healthcare Services 4 of 4
Type: Add-on Acquisition 3 of 3
State: New Jersey 1 of 1
Country: United States 3 of 3
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Access Physicians

Dallas, Texas, United States

Access Physicians is a multispecialty physician group that combines clinical workflows, peer-referenced specialists, and a world-class telemedicine experience supported with a clinical sense of urgency. Access Physicians is based in Dallas, Texas.

Buy $194M

Seller Profile 1

SELLER
DESCRIPTION

Boston Millenia Partners is a growth capital investment firm focused rapidly growing business services and healthcare companies. The Firm generally looks to invest $3 to $10 million in companies at or near profitability with $3 to $30 million in sales. Boston Millenia's geographic preference is for opportunities in the Eastern half of the US. Boston Millenia Partners was formed in 1984 and has a single office in Boston.


Deal Context for Seller #
Overall 15 of 15
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 10 of 10
State: New Jersey 2 of 2
Country: United States 15 of 15
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Huma.AI

Palo Alto, California, United States

Huma.AI is an early-stage, knowledge automation company for the life sciences industry. Huma.AI’s central business is a unified, question-and-answer-based Natural Language Processing (NLP) platform that generates commercial and clinical insights using structured and unstructured data sources. Huma.AI was founded in 2016 and is based in Palo Alto, California.

Buy -