M&A Deal Summary

Concentra Acquires Prompt Associates

On October 28, 1996, Concentra acquired insurance company Prompt Associates from Summit Partners

Acquisition Highlights
  • This is Concentra’s 1st transaction in the Insurance sector.
  • This is Concentra’s 1st transaction in the United States.
  • This is Concentra’s 1st transaction in Utah.

M&A Deal Summary
Date 1996-10-28
Target Prompt Associates
Sector Insurance
Buyer(s) Concentra
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

Prompt Associates

Salt Lake City, Utah, United States
Prompt Associates, Inc. provides cost-containment services that allow insurance companies and self-insured entities to reduce spending on outpatient facility charges.

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Buyer(S) 1

Buyer

Concentra

Addison, Texas, United States
Category Company
Founded 1997
Sector Healthcare Services
DESCRIPTION

Concentra is a healthcare company that offers occupational medicine, urgent care, physical therapy, and wellness services to workers and the public through more than 320 Concentra Medical Centers locations in 40 states. Concentra was formed in 1997 and is based in Addison, Texas.

DEAL STATS #
Overall 1 of 6
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Utah) 1 of 1
Country (United States) 1 of 6
Year (1996) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-02-10 Preferred Payment Systems

Naperville, Illinois, United States

Preferred Payment Systems (PPS) provides medical bill review services and preferred provider discount services to healthcare payors.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 36 of 285
Sector (Insurance) 2 of 7
Type (Add-on Acquisition) 6 of 127
State (Utah) 1 of 3
Country (United States) 35 of 246
Year (1996) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-01 Suburban Ostomy Supply Co

Holliston, Massachusetts, United States

Suburban Ostomy Supply Company, Inc. distributes disposable home healthcare products, primarily ostomy, urological, diabetic, and wound-care items.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-12-06 Powerwave Technologies

Santa Ana, California, United States

Powerwave Technologies provides linear radio frequency powered amplifiers to the wireless communications industry. These power amplifiers are key components for wireless communications networks.

Sell -
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