M&A Deal Summary

Humana Acquires CarePlus Health Plans

On February 16, 2005, Humana acquired healthcare services company CarePlus Health Plans from MBF Healthcare Partners for 408M USD

Acquisition Highlights
  • This is Humana’s 5th transaction in the Healthcare Services sector.
  • This is Humana’s 6th largest (disclosed) transaction.
  • This is Humana’s 5th transaction in the United States.
  • This is Humana’s 2nd transaction in Florida.

M&A Deal Summary

Date 2005-02-16
Target CarePlus Health Plans
Sector Healthcare Services
Buyer(s) Humana
Sellers(s) MBF Healthcare Partners
Deal Type Add-on Acquisition
Deal Value 408M USD

Target

CarePlus Health Plans

Doral, Florida, United States
Solicare Health Plans provides Medicare Advantage HMO plans, and we have more than fifteen years of operational experience in Florida. We have always offered a broad choice of benefit plans to meet the different health care needs of our members – that won't change.

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Buyer(S) 1

Buyer

Humana

Louisville, Kentucky, United States

Category Company
Founded 1961
Sector Healthcare Services
Employees67,600
Revenue 106.4B USD (2023)
DESCRIPTION

Humana is a managed healthcare company that markets and administers health insurance. Humana operates through three segments. These include Retail, Employer Group, and Healthcare Services. The Retail segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and financial protection products, marketed directly to individuals. The Employer Group segment consists of Medicare and commercial fully-insured medical and specialty health insurance benefits, including dental, vision, and other supplemental health and voluntary benefit products. The Healthcare Services segment includes services offered to health plan members as well as to third parties, including pharmacy, provider services, home based services, integrated behavioral health services, and predictive modeling and informatics services. Humana was formed in 1961 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 5 of 33
Sector (Healthcare Services) 5 of 27
Type (Add-on Acquisition) 4 of 25
State (Florida) 2 of 7
Country (United States) 5 of 33
Year (2005) 1 of 2
Size (of disclosed) 6 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Ochsner Health Plan

New Orleans, Louisiana, United States

Ochsner Health Plan provides health benefits plans in the New Orleans market and the third largest in the state of Louisiana with approximately 152,000 Commercial medical members, primarily in large group accounts, and approximately 31,000 members in the MedicareAdvantage program.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-22 Corphealth

Irving, Texas, United States

LifeSynch committed to changing health behaviors to improve lives. For more than 20 years, our commitment to well-being has resulted in positive outcomes for employers, health plans and insurers.

Buy $54M

Seller(S) 1

SELLER

MBF Healthcare Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 397M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

MBF Healthcare Partners (MBF) is a specialist private equity firm that makes investments in emerging and established healthcare companies. MBF seeks investments in businesses with EBITDA of at least $5 million and valued up to $300 million. MBF prefers control ownership positions with typical acquisitions coming in the form of outright business purchases, growth financings, or recapitalizations. MBF Healthcare Partners is based in Coral Gables, Florida.


DEAL STATS #
Overall 1 of 13
Sector (Healthcare Services) 1 of 8
Type (Add-on Acquisition) 1 of 9
State (Florida) 1 of 9
Country (United States) 1 of 13
Year (2005) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Atlantic Dental

Coral Gables, Florida, United States

Atlantic Dental, Inc. is a dental benefits management company and administrators of government sponsored dental programs in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-28 Hospitalists of America

Coral Gables, Florida, United States

Hospitalists of America LLC is an inpatient management companies serving Florida. The company is founded on the principal of improving the quality and continuity of inpatient management for hospitals, health plans, primary care physicians and most importantly patients and their families.

Buy -