M&A Deal Summary |
|
|---|---|
| Date | 2021-11-19 |
| Target | The Columbus Organization |
| Sector | Staffing |
| Buyer(s) | CareSource |
| Sellers(s) | HealthEdge Investment Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Triple Tree LLC (Financial) |
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CareSource is a nonprofit, multi-state health plan recognized as a national leader in managed care. CareSource administers one of the nation’s largest Medicaid-managed care plans and offers a lifetime of access to care through health insurance, including Medicaid, Health Insurance Marketplace, Medicare Advantage, and dual-eligible programs. Headquartered in Dayton, Ohio, CareSource serves 2 million members in Georgia, Indiana, Kentucky, Ohio, and West Virginia. CareSource was founded in 1989 and is based in Dayton, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Staffing) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Focused |
HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 17 |
| Sector (Staffing) | 1 of 1 |
| Type (Add-on Acquisition) | 8 of 11 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 14 of 17 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-28 |
Formulated Solutions
Largo, Florida, United States Formulated Solutions specializes in innovating, formulating, and packaging solutions for pharmaceutical, cosmetic, personal healthcare, and specialty chemical applications. Formulated Solutions was founded in 1999 and is based in Largo, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-11 |
SPNN
Sarasota, Florida, United States SPNN is a nationwide nursing network that focuses on the therapy management of patients with rare, chronic disorders. SPNN professional staff consists of CRNI®, OCN®, IgCN®, PICC, and IV certified nurses who administer specialty pharmacy therapies to patients in the comfort of their home, physician offices, and ambulatory infusion centers (AIC). SPNN was founded in 2009 and is based in Sarasota, Florida. |
Sell | $60M |
