M&A Deal Summary

Connected Care Health Services Acquires Golden State Medicare Health Plan

On December 4, 2018, Connected Care Health Services acquired healthcare services company Golden State Medicare Health Plan from Tenet Health

Acquisition Highlights
  • This is Connected Care Health Services’ 1st transaction in the Healthcare Services sector.
  • This is Connected Care Health Services’ 1st transaction in the United States.
  • This is Connected Care Health Services’ 1st transaction in California.

M&A Deal Summary

Date 2018-12-04
Target Golden State Medicare Health Plan
Sector Healthcare Services
Buyer(s) Connected Care Health Services
Sellers(s) Tenet Health
Deal Type Divestiture

Target

Golden State Medicare Health Plan

Cypress, California, United States
Golden State Medicare Health Plan is a California-based company that provides value-based care delivery. Since 2010, Golden State has provided health care services through its HMO Medicare Advantage Plan to California residents. Today, Golden State serves approximately 9,800 members across six counties in Northern and Southern California.

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Buyer(S) 1

Buyer

Connected Care Health Services

Newport Beach, California, United States

Category Company
Founded 2018
Sector Healthcare Services
DESCRIPTION

Connected Care Health Services, Inc. is a family of private companies that are physician-led and provide tech-enabled services and products to health plans, hospitals, independent practice associations, and medical groups. The Group uses a data-first, member-centric approach to align health plans, health plan members, patients, healthcare providers and pharmacies around constant improvement to healthcare quality and outcomes.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Tenet Health

Dallas, Texas, United States

Category Company
Founded 1967
Sector Healthcare Services
Employees74,480
Revenue 20.7B USD (2024)
DESCRIPTION

Tenet Health is a provider of health care services company, through its subsidiaries operates 77 hospitals, 187 outpatient centers, and Conifer Health Solutions, a provider in business process solutions for health care providers serving more than 700 hospital and other clients nationwide. Tenet Health was founded in 1967 and is based in Dallas, Texas.


DEAL STATS #
Overall 9 of 11
Sector: Healthcare Services M&A 9 of 11
Type: Divestiture M&A Deals 9 of 11
State: California M&A 4 of 4
Country: United States M&A 8 of 10
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 United Surgical Partners International

Saint Louis, Missouri, United States

United Surgical Partners International (USPI) is an experienced and trusted partner in some of the nation’s most successful ambulatory surgical networks. We are dedicated to providing high-quality, lower-cost solutions as various reform initiatives unfold in the communities we serve. We provide strategic solutions for physicians, health systems and those paying for the cost of health care services, such as employers, insurance companies and government programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Tenet’s Urgent Care Platform

Dallas, Texas, United States

Tenet’s Urgent Care Platform is well-established with a reputation for high-quality medical care that provides superior patient service and adherence to the highest clinical standards.

Sell -