Divestiture • Healthcare Services

Consonance Capital Partners Acquires Kepro

On May 7, 2015, private equity firm Consonance Capital Partners acquired healthcare services company Kepro from Universal American

Acquisition Context
  • This is Consonance Capital Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Consonance Capital Partners’ 2nd transaction in the United States.
  • This is Consonance Capital Partners’ 1st transaction in Tennessee.
Investment Fate
  • Kepro was sold to a consortium of financial buyers in 2017.
  • Kepro merged with another company in 2022.

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M&A Deal Summary

Date May 7, 2015
Target Kepro
Sector Healthcare Services
Buyer(s) Consonance Capital Partners
Sellers(s) Universal American
Deal Type Divestiture

Target Company

Kepro

Nashville, Tennessee, United States
Kepro is a quality improvement and care management organization that offers innovative and outcomes-focused solutions to reduce the utilization of healthcare resources and optimize the quality of care for government and private sector clients. Kepro's comprehensive, member-centric care management solutions go far beyond traditional utilization and case management by coordinating the care provided to members with acute, chronic and complex conditions across the continuum, and identifying members who are at the highest risk for future services but have not yet had an acute event. Kepro was founded in 1985 and is based in Nashville, Tennessee.
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Buyer Overview 1

Buyer
DESCRIPTION

Consonance Capital Partners is a healthcare-focused private investment firm focused on both public and private equity investing. The Firm's private equity group targets growth equity, leveraged buyouts, and recapitalization transactions in lower middle-market companies with $25 to $500 million of revenue. Specific areas of interest include healthcare providers, mayors, distribution, medical devices, specialty pharmaceuticals, outsourced services, and healthcare IT. Consonance Capital Partners was formed in 2005 and is based in New York City.


Deal Context for Buyer #
Overall 2 of 9
Sector: Healthcare Services 2 of 5
Type: Divestiture 2 of 2
State: Tennessee 1 of 2
Country: United States 2 of 9
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-18 Enclara Pharmacia

Philadelphia, Pennsylvania, United States

Enclara Pharmacia, Inc. is a solutions provider focused on simplifying care delivery in chronic and complex care patient populations to improve patient experience, quality, and cost. We collaborate with healthcare organizations to drive value-based care through expertise, process, and technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 BakoDx

Alpharetta, Georgia, United States

BakoDx provides specialty laboratory testing services that offer a comprehensive testing menu, including complete anatomic pathology services, proprietary molecular genetic testing, and peripheral neuropathy immuno-histochemical testing. Bako is based in Alpharetta, Georgia.

Buy -

Seller Profile 1

SELLER

Universal American

White Plains, New York, United States

Category Company
Founded 1981
Sector Healthcare Services
Employees1,500
Revenue 1.5B USD (2015)
DESCRIPTION

Universal American is a provider of health care products and services.


Deal Context for Seller #
Overall 3 of 5
Sector: Healthcare Services 2 of 3
Type: Divestiture 3 of 5
State: Tennessee 1 of 1
Country: United States 3 of 5
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 Kepro

Nashville, Tennessee, United States

Kepro is a quality improvement and care management organization that offers innovative and outcomes-focused solutions to reduce the utilization of healthcare resources and optimize the quality of care for government and private sector clients. Kepro's comprehensive, member-centric care management solutions go far beyond traditional utilization and case management by coordinating the care provided to members with acute, chronic and complex conditions across the continuum, and identifying members who are at the highest risk for future services but have not yet had an acute event. Kepro was founded in 1985 and is based in Nashville, Tennessee.

Buy $228M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Universal American - Total Care Medicaid Plan

New York, New York, United States

Total Care is a prepaid health services plan that provides health care coverage to approximately 39,000 members under the medicaid and child health plus programs in the three upstate new york counties of cortland, onondaga and tompkins.

Sell $41M