M&A Deal Summary

H.I.G. Private Equity Acquires Mobile Health

On June 17, 2024, private equity firm H.I.G. Private Equity acquired healthcare services company Mobile Health

Acquisition Highlights
  • This is H.I.G. Private Equity’s 26th transaction in the Healthcare Services sector.
  • This is H.I.G. Private Equity’s 237th transaction in the United States.
  • This is H.I.G. Private Equity’s 29th transaction in California.

M&A Deal Summary
Date 2024-06-17
Target Mobile Health
Sector Healthcare Services
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Software Equity Group (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Mobile Health

Palo Alto, California, United States
Mobile Health is an end-to-end digital health, wellness, and virtual care platform focused on reducing healthcare costs for employers and creating improved health outcomes for employees. Mobile Health was founded in 2012 and is based in Palo Alto, California.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 356 of 370
Sector (Healthcare Services) 26 of 27
Type (Buyout (LBO, MBO, MBI)) 107 of 113
State (California) 29 of 29
Country (United States) 237 of 246
Year (2024) 9 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 DGS

Rome, Italy

DGS provides digital solutions (system integration on main ERP, CRM, PLM/SCM platform software, and proprietary custom applications), the full spectrum of cybersecurity services (advisory, data protection, network protection, monitoring & control services), and IT management consultancy. DGS was established in 1997 and is based in Rome, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Health-E Commerce

New York, New York, United States

Health-E Commerce is the parent company of FSA Store and HSA Store online stores that serve the 70+ million consumers enrolled in pre-tax health and wellness accounts. Health-E Commerce was founded in 2010 and is based in New York City.

Buy -
Mergr

Product

Company

Legal