M&A Deal Summary

Advocate Health Care Acquires MobileHelp

On April 4, 2022, Advocate Health Care acquired healthcare services company MobileHelp from ABRY Partners

Acquisition Highlights
  • This is Advocate Health Care’s 1st transaction in the Healthcare Services sector.
  • This is Advocate Health Care’s 1st transaction in the United States.
  • This is Advocate Health Care’s 1st transaction in Florida.

M&A Deal Summary

Date 2022-04-04
Target MobileHelp
Sector Healthcare Services
Buyer(s) Advocate Health Care
Sellers(s) ABRY Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)

Target

MobileHelp

Boca Raton, Florida, United States
MobileHelp is a provider of mobile Personal Emergency Response Systems (PERS) and health management solutions. MobileHelp’s PERS devices are integrated with nationwide wireless voice, data and GPS technology to provide real-time medical alert monitoring services and expedited personal emergency assistance. In addition, MobileHelp offers proactive health management services such as activity tracking, medication reminders and a telehealth platform. MobileVitals, for both consumers and healthcare providers. MobileHelp was founded in 2008 and is based in Boca Raton, Florida.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Advocate Health Care

Downers Grove, Illinois, United States

Category Company
Sector Healthcare Services
DESCRIPTION
Advocate Health Care's corporate headquarters in Downers Grove, Illinois.
Advocate Health Care's corporate headquarters in Downers Grove, Illinois.

Advocate Health Care, Inc. operates hospitals, a children's hospital, and outpatient facilities. Advocate is based in Downers Grove, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 96 of 103
Sector (Healthcare Services) 4 of 4
Type (Add-on Acquisition) 49 of 53
State (Florida) 5 of 5
Country (United States) 84 of 88
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Edgile

Austin, Texas, United States

Edgile is a transformational cybersecurity consulting provider that focuses on risk and compliance, information and cloud security, and digital identity. Edgile was founded in 2001 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Inoapps

Aberdeen, United Kingdom

Inoapps is a provider of consulting, implementation and hosting, and managed services for Oracle applications, technology, and hardware. Inoapps was founded in 2006 and is based in Aberdeen, United Kingdom.

Buy -