M&A Deal Summary

Catamaran Acquires Healthcare Solutions

On February 26, 2015, Catamaran acquired healthcare services company Healthcare Solutions from Brazos Private Equity Partners for 405M USD

Acquisition Highlights
  • This is Catamaran’s 7th transaction in the Healthcare Services sector.
  • This is Catamaran’s 3rd largest (disclosed) transaction.
  • This is Catamaran’s 9th transaction in the United States.
  • This is Catamaran’s 1st transaction in Georgia.

M&A Deal Summary

Date 2015-02-26
Target Healthcare Solutions
Sector Healthcare Services
Buyer(s) Catamaran
Sellers(s) Brazos Private Equity Partners
Deal Type Add-on Acquisition
Deal Value 405M USD
Advisor(s) Harris Williams & Co.
J.P. Morgan Securities (Financial)
Weil Gotshal & Manges (Legal)

Target

Healthcare Solutions

Duluth, Georgia, United States
Healthcare Solutions provides ancillary healthcare and cost containment services to the workers’ compensation and auto medical claims markets. The company provides pharmacy benefit management, injury case management, preferred provider organization networks, and bill review services.

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Buyer(S) 1

Buyer

Catamaran

Schaumburg, Illinois, United States

Category Company
Founded 1993
Sector Healthcare Services
Employees4,000
Revenue 21.6B USD (2014)
DESCRIPTION
Catamaran's corporate headquarters in Schaumburg, Illinois.
Catamaran's corporate headquarters in Schaumburg, Illinois.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America.


DEAL STATS #
Overall 9 of 10
Sector (Healthcare Services) 7 of 8
Type (Add-on Acquisition) 9 of 10
State (Georgia) 1 of 2
Country (United States) 9 of 10
Year (2015) 2 of 3
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-02 Salveo Specialty Pharmacy

Saint Petersburg, Florida, United States

Salveo Specialty Pharmacy, Inc. is a specialty pharmacy organization serving patients and customers across the country. Salveo acquires, integrates and grows select specialty pharmacy organizations that share its philosophy of providing superior customer service and clinical patient care to the chronically ill population.

Buy $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-09 Health Care Solutions

Duluth, Georgia, United States

Health Care Solutions, Inc. is a provider of PBM, ancillary and managed care services to customers in the workers' compensation and auto markets.

Buy $405M

Seller(S) 1

SELLER

Brazos Private Equity Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brazos Private Equity Partners is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. Brazos looks to invest up to $100 million in companies with annual revenues between $25 and $250 million. Brazos primarily invests in consumer and business services, consumer products, restaurants and specialty retail, distribution, healthcare services, financial services, insurance, and manufacturing. Brazos targets opportunities located throughout the United States, with a particular emphasis on Texas and the Southwest US. Brazos was formed in 1999 and is based in Dallas, Texas.


DEAL STATS #
Overall 18 of 25
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 8 of 10
State (Georgia) 2 of 2
Country (United States) 18 of 25
Year (2015) 1 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-01 Impact Confections

Janesville, Wisconsin, United States

Impact Confections, Inc. is a manufacturer and marketer of branded and niche confectionary products such as Warheads branded candy (the leading sour hard candy brand in the U.S.), seasonal chocolate, and confections, interactive kids confections, and 3-D lollipops. Impact Confections was founded in 1981 and is based in Janesville, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-15 Golden County Foods

Plover, Wisconsin, United States

Golden County Foods, Inc. is a food manufacturer involved in producing potato products and hand-held appetizers under the SNAPPS® and Chi-Chi’s® brands. The company also manufactures products on a contract basis for major consumer brands and foodservice customers.

Sell -