M&A Deal Summary

CenCorp Health Solutions Acquires Cardium Health Services

On May 10, 2006, CenCorp Health Solutions acquired healthcare services company Cardium Health Services for 12M USD

Acquisition Highlights
  • This is CenCorp Health Solutions’ 1st transaction in the Healthcare Services sector.
  • This is CenCorp Health Solutions’ largest (disclosed) transaction.
  • This is CenCorp Health Solutions’ 1st transaction in the United States.
  • This is CenCorp Health Solutions’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2006-05-10
Target Cardium Health Services
Sector Healthcare Services
Buyer(s) CenCorp Health Solutions
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Cardium Health Services

Farmington, Connecticut, United States
Cardium Health Services Corp., a chronic disease management company. Cardium Health, an innovator in chronic disease management, focuses on individuals diagnosed with coronary artery disease, congestive heart failure and diabetes, among others; the company offers its services to self-insured employers and other benefit plan sponsors.

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Buyer(S) 1

Buyer

CenCorp Health Solutions

St. Louis, Missouri, United States

Category Company
Founded 2002
Sector Healthcare Services
DESCRIPTION

CenCorp Health Solutions, Inc., is a healthcare provider services company.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-13 OptiCare - Managed Vision Business

Rocky Mount, North Carolina, United States

OptiCare Managed Vision business, contracts with insurers, employer groups, managed care plans, HMOs and other third-party payors to manage claims payment and other administrative services of eye health benefits.

Buy $8M