M&A Deal Summary

Florence Acquires Zipnosis

On May 24, 2023, Florence acquired healthcare services company Zipnosis from NeueHealth

Acquisition Highlights
  • This is Florence’s 1st transaction in the Healthcare Services sector.
  • This is Florence’s 1st transaction in the United States.
  • This is Florence’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-05-24
Target Zipnosis
Sector Healthcare Services
Buyer(s) Florence
Sellers(s) NeueHealth
Deal Type Divestiture

Target

Zipnosis

Minneapolis, Minnesota, United States
Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Florence

New York, New York, United States
Category Company
Founded 2021
Sector Information Technology
DESCRIPTION

Florence is a health tech company that creates solutions to healthcare. Florence's technology enables healthcare providers to deliver faster, higher quality and more accessible care while reducing costs via consumer-grade patient experiences that automate workflows for staff. Florence was founded in 2021 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

NeueHealth

Minneapolis, Minnesota, United States
Category Company
Founded 2015
Sector Healthcare Services
Employees1,252
Revenue 1.2B USD (2023)
DESCRIPTION

NeueHealth is a healthcare platform that offers diversified health products and managed care services to over 500,000 consumers in 14 states and more than 50 markets. NeueHealth provides consumers access to personalized care teams tailored to their individual needs. NeueHealth delivers high-quality virtual and in-person clinical care to over 220,000 patients through our approximately 40 managed and affiliated advanced risk-bearing primary care clinics. NeueHealth gives providers the tools they need to optimize their practices and deliver value-based care to the patients they serve. NeueHealth was incorporated in 2015 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Zipnosis

Minneapolis, Minnesota, United States

Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Brand New Day and Central Health Plan of California

California, United States

Brand New Day and Central Health Plan of California offers health insurance plans to companies and consumers in the state of California.

Sell $435M
Mergr

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