Add-on Acquisition • Insurance

Aetna Acquires Schaller Anderson

On May 24, 2007, Aetna acquired insurance company Schaller Anderson from General Atlantic for 535M USD

Acquisition Context
  • This is Aetna’s 3rd transaction in the Insurance sector.
  • This is Aetna’s 5th largest (disclosed) transaction.
  • This is Aetna’s 4th transaction in the United States.
  • This is Aetna’s 1st transaction in Arizona.

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M&A Deal Summary

Date May 24, 2007
Target Schaller Anderson
Sector Insurance
Buyer(s) Aetna
Sellers(s) General Atlantic
Deal Type Add-on Acquisition
Deal Value 535M USD

Target Company

Schaller Anderson

Phoenix, Arizona, United States
Schaller Anderson is a national health care management and consulting company. We administer employers' self-funded health benefit plans and Medicaid health plans. Through innovative business strategies and customer-centered features, we offer a unique model that balances effective health care and cost management for every plan administered. Our affiliate, Schaller Anderson Behavioral Health, administers behavioral health benefits for individuals covered by public programs or commercial health plans. We also provide consulting services for a variety of health care clients.
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Buyer Overview 1

Buyer

Aetna

Hartford, Connecticut, United States

Category Company
Founded 1853
Sector Insurance
Employees50,100
Revenue 63.2B USD (2016)
DESCRIPTION

Aetna, Inc. is a diversified health care benefits company. Aetna offers medical, pharmaceutical, dental, behavioral health, long-term care, and disability health-care plans. Aetna was founded in 1853 and is based in Hartford, Connecticut.


Deal Context for Buyer #
Overall 4 of 14
Sector: Insurance 3 of 6
Type: Add-on Acquisition 3 of 11
State: Arizona 1 of 1
Country: United States 4 of 13
Year: 2007 1 of 2
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 HMS Healthcare

Greenwood Village, Colorado, United States

HMS Healthcare, Inc. was a holding company that was established solely for the acquisition of Sloans Lake Managed Care ('SLMC') and PPOM LLC, two independent non-risk access preferred provider organizations ('PPOs').

Buy $390M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Goodhealth Worldwide

Tampa, Florida, United States

Goodhealth Worldwide (Global) Ltd. is a provider of health care insurance.

Buy -

Seller Profile 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


Deal Context for Seller #
Overall 25 of 166
Sector: Insurance 1 of 3
Type: Add-on Acquisition 12 of 50
State: Arizona 1 of 1
Country: United States 16 of 86
Year: 2007 5 of 10
Size (of disclosed) 16 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-21 Sharekhan

Mumbai, India

Sharekhan Ltd. is a retail brokerage house in India with an online trading platform.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-06 Cyient

Hyderabad, India

Cyient provides leading-edge engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide. Cyient was founded in 1991 and is based in Hyderabad, India.

Buy -