M&A Deal Summary

Carenet Healthcare Services Acquires Health Dialog Services

On March 6, 2024, Carenet Healthcare Services acquired healthcare services company Health Dialog Services from Rite Aid

Acquisition Highlights
  • This is Carenet Healthcare Services’ 2nd transaction in the Healthcare Services sector.
  • This is Carenet Healthcare Services’ 4th transaction in the United States.
  • This is Carenet Healthcare Services’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-03-06
Target Health Dialog Services
Sector Healthcare Services
Buyer(s) Carenet Healthcare Services
Sellers(s) Rite Aid
Deal Type Divestiture

Target

Health Dialog Services

Boston, Massachusetts, United States
Health Dialog Services is a provider of care management services, including disease management. Health Dialog helps health plans, employers and physician groups improve healthcare quality while reducing overall costs. Health Dialog Services offerings include health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services. Health Dialog Services is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Carenet Healthcare Services

San Antonio, Texas, United States
Category Company
Sector Healthcare Services
DESCRIPTION

Carenet Healthcare Services is a provider of healthcare engagement services and 24/7 access to medical care. Carenet's engagement specialists, care coordinators, and registered nurses support more than 50 million healthcare consumers on behalf of 100+ of the nation's premier health plans, providers, health systems and Fortune 500 organizations. Carenet Healthcare Services is based in San Antonio, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Stericycle Communication Solutions

Bannockburn, Illinois, United States

Stericycle Communication Solutions provides online scheduling, automated messaging and strategic inbound and outbound call center services to drive patient access, action and adherence. Stericycle Communication Solutions is based in Bannockburn, Illinois.

Buy $45M

Seller(S) 1

SELLER

Rite Aid

Philadelphia, Pennsylvania, United States
Category Company
Founded 1962
Sector Retail
Employees47,000
Revenue 24.1B USD (2023)
DESCRIPTION

Rite Aid is a drugstore chain. Rite Aid operates through two segments, Retail Pharmacy and Pharmacy Services. Rite Aid was founded in 1962 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-07 Bartell Drugs

Seattle, Washington, United States

Bartell Drugs is a drugstore chain, that operates from 67 locations in King, Snohomish, and Pierce counties. Bartell Drugs was established in 1890 and is based in Seattle, Washington.

Buy $95M
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