M&A Deal Summary

Everside Health Acquires Activate Healthcare

On January 16, 2019, Everside Health acquired healthcare services company Activate Healthcare from Spring Mountain Capital and Tillery Capital

Acquisition Highlights
  • This is Everside Health’s 1st transaction in the Healthcare Services sector.
  • This is Everside Health’s 1st transaction in the United States.
  • This is Everside Health’s 1st transaction in Indiana.

M&A Deal Summary
Date 2019-01-16
Target Activate Healthcare
Sector Healthcare Services
Buyer(s) Everside Health
Sellers(s) Spring Mountain Capital
Tillery Capital
Deal Type Add-on Acquisition

Target

Activate Healthcare

Indianapolis, Indiana, United States
Activate Healthcare LLC is a provider of on-site healthcare services to the employees of medium-sized employers. Activate Healthcare was founded in 2009 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Everside Health

Denver, Colorado, United States
Category Company
Sector Healthcare Services
DESCRIPTION

Everside Health is one of the largest direct primary care providers in the United States, operating 340+ health clinics in 33 states located at or near the facilities of its employer, union, and other benefit sponsor clients. Everside Health is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Healthstat

Charlotte, North Carolina, United States

Healthstat, Inc. is a provider of onsite and virtual primary care, health-risk intervention, chronic care management and occupational medicine in employer facilities. Healthstat was formed in 2001 and is based in Charlotte, North Carolina.

Buy -

Seller(S) 2

SELLER

Spring Mountain Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Spring Mountain Capital is a growth capital firm focused on providing expansion capital to tech-enabled companies across North America. The Firm looks to invest in earlier stage companies ($2 to $10 million of revenue) with high growth rates, proven products/services, and a path to profitability. Spring Mountain generally looks to commit $5 to $15 million per transaction. Spring Mountain Capital was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 11 of 20
Sector (Healthcare Services) 2 of 4
Type (Add-on Acquisition) 9 of 18
State (Indiana) 1 of 1
Country (United States) 11 of 20
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 RiskSense

Sunnyvale, California, United States

RiskSense provides vulnerability management and prioritization to measure and control cybersecurity risk. The cloud-based RiskSense platform uses a foundation of risk-based scoring, analytics, and technology-accelerated pen testing to identify critical security weaknesses with corresponding remediation action plans, dramatically improving security and IT team efficiency and effectiveness. RiskSense was founded in 2015 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Keen Decision Systems

Research Triangle, North Carolina, United States

Keen Decision Systems is a software-as-a-service company whose unified marketing measurement and optimization platform help marketers make dynamic, data-driven decisions about the most effective marketing investments, by channel, investment level, and timing. Keen Decision Systems is based in Research Triangle, North Carolina.

Buy -
SELLER

Tillery Capital

Charlotte, North Carolina, United States

Investor Investor Investor

Category Family Office
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Tillery Capital is an 'operationally-oriented' private equity firm that invests in and builds lower middle-market companies in partnership with management teams. Tillery makes control equity investments in companies whose annual EBITDA is greater than $2 million. Tillery prefers Southeast US based opportunities, but will consider opportunities across the US. Sectors of interest include agriculture, speciality chemicals, medical products, commercial/industrial services, niche manufacturing, environmental services, healthcare services, and distribution. Tillery Capital was formed in 2006 and has offices in Charlotte and Raleigh, North Carolina, and Indianapolis, Indiana.

DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Indiana) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 American Bio-Mineral Technologies

Henderson, Nevada, United States

American Bio-Mineral Technologies is an agricultural nutrient and biostimulant manufacturer that goes to market under the Heart of Nature brand name. American Bio-Mineral Technologies formulates, processes and markets patent protected, organically certified nutrients and biostimulants that substantially improve crop yields and crop nutritional quality. The products are used as seed treatments, soil amendments, plant nutrients, biocides and foliar protectants and are sold worldwide. American Bio-Mineral Technologies is based in Henderson, Nevada.

Buy -
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