Investment Summary

Athyrium Capital Management Invests In Clover Health

On September 18, 2015, asset manager Athyrium Capital Management invested in healthcare services company Clover Health

Investment Highlights
  • This is Athyrium Capital Management’s 1st transaction in the Healthcare Services sector.
  • This is Athyrium Capital Management’s 14th transaction in the United States.
  • This is Athyrium Capital Management’s 1st transaction in Tennessee.
Investment Fate
  • Clover Health went public in 2021.

Investment Summary

Date 2015-09-18
Target Clover Health
Sector Healthcare Services
Investor(s) Athyrium Capital Management
Deal Type Venture

Target

Clover Health

Franklin, Tennessee, United States
Clover Health operates as a medicare advantage insurer in the United States. The company through its Clover Assistant, a software platform that provides preferred provider organization and health maintenance organization health plans for medicare-eligible consumers. It also focuses on non-insurance businesses. Clover Health was founded in 2012 and is based in Franklin, Tennessee.

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Investor(S) 1

Investor

Athyrium Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2008
PE ASSETS 4.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Athyrium Capital Management is a large asset manager focused on the healthcare sector. Athyrium invests in a wide range of financial instruments including royalties, structured credit, and equities as well as select special situations. Athyrium Capital was established in 2008 and is headquartered in New York, New York.


DEAL STATS #
Overall 16 of 50
Sector: Healthcare Services M&A 1 of 12
Type: Venture M&A Deals 3 of 5
State: Tennessee M&A 1 of 5
Country: United States M&A 14 of 45
Year: 2015 M&A 4 of 6
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DATE TARGET DEAL TYPE VALUE
2015-06-23 Alvogen

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Alvogen is a multinational pharmaceuticals company focused on developing, manufacturing, and distributing generic, brand, over-the-counter brands (OTC), and biosimilar products. Alvogen was founded in 2009 and is based in Pine Brook, New Jersey.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Lannett Company

Trevose, Pennsylvania, United States

Lannett Company is a developer, manufacturer, packager, marketer and distributor of generic pharmaceutical products for a wide range of medical indications. Lannett Company was founded in 1942 and is based in Trevose, Pennsylvania.

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