M&A Deal Summary

CorroHealth Acquires Navient - Healthcare Services Business

On August 13, 2024, CorroHealth acquired healthcare services company Navient - Healthcare Services Business from Navient for 365M USD

Acquisition Highlights
  • This is CorroHealth’s 1st transaction in the Healthcare Services sector.
  • This is CorroHealth’s largest (disclosed) transaction.
  • This is CorroHealth’s 7th transaction in the United States.
  • This is CorroHealth’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2024-08-13
Target Navient - Healthcare Services Business
Sector Healthcare Services
Buyer(s) CorroHealth
Sellers(s) Navient
Deal Type Divestiture
Deal Value 365M USD

Target

Navient - Healthcare Services Business

Hendersonville, Tennessee, United States
Navient's Healthcare Services Business provides healthcare services.

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Buyer(S) 1

Buyer

CorroHealth

Plano, Texas, United States
Category Company
Founded 2020
Sector Business Services
DESCRIPTION

CorroHealth is a provider of clinically led healthcare analytics and technology-driven solutions, dedicated to positively impacting the financial performance of physicians, hospitals, and health plans. CorroHealth was founded in 2020 and is based in Plano, Texas.

DEAL STATS #
Overall 8 of 8
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Aergo Solutions

Iselin, New Jersey, United States

Aergo Solutions is a provider of receivables collection for healthcare companies from third-party payers. Aergo solves revenue cycle challenges through a customized mix of services, technology, and consulting. Aergo Solutions is based in Iselin, New Jersey.

Buy -

Seller(S) 1

SELLER

Navient

Herndon, Virginia, United States
Category Company
Founded 1973
Sector Financial Services
Employees4,500
Revenue 1.3B USD (2023)
DESCRIPTION
Navient's corporate headquarters in Wilmington, Delaware.
Navient's corporate headquarters in Wilmington, Delaware.

Navient is a financial services company specializing in education with products and services that include Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Navient offers solutions that help families save, plan, and pay for college. Navient was founded in 1973 and is based in Herndon, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Earnest & Associates

Glen Burnie, Maryland, United States

Earnest & Associates LLC is a technology company using data science, smarter design, and exceptional service to rebuild financial services. Earnest’s lending products are built for a new generation seeking to reach life’s milestones. The company’s mission is to democratize access to high-quality financial services.

Buy -
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