M&A Deal Summary

Humana Acquires Enclara Pharmacia

On December 16, 2019, Humana acquired healthcare services company Enclara Pharmacia from Consonance Capital Partners

Acquisition Highlights
  • This is Humana’s 24th transaction in the Healthcare Services sector.
  • This is Humana’s 29th transaction in the United States.
  • This is Humana’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-12-16
Target Enclara Pharmacia
Sector Healthcare Services
Buyer(s) Humana
Sellers(s) Consonance Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Evercore Group (Financial)
Latham & Watkins (Legal)

Target

Enclara Pharmacia

Philadelphia, Pennsylvania, United States
Enclara Pharmacia, Inc. is a solutions provider focused on simplifying care delivery in chronic and complex care patient populations to improve patient experience, quality, and cost. We collaborate with healthcare organizations to drive value-based care through expertise, process, and technology.

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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 29 of 33
Sector (Healthcare Services) 24 of 27
Type (Add-on Acquisition) 22 of 25
State (Pennsylvania) 2 of 2
Country (United States) 29 of 33
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Enclara Healthcare

Philadelphia, Pennsylvania, United States

Enclara Healthcare is a major solutions provider focused on simplifying care delivery in chronic and complex care patient populations to improve patient experience, quality, and cost. Enclara Healthcare collaborates with healthcare organizations to drive value-based care through expertise, process, and technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Heal

Pacific Palisades, California, United States

Heal offers technology innovation to re-humanize the practice of medicine in a way throughout Atlanta, Georgia California, New York, Northern Virginia, and D.C. Heal was founded in 2015 and is based in Pacific Palisades, California.

Buy -

Seller(S) 1

SELLER

Consonance Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Consonance Capital Partners is a healthcare-focused private investment firm focused on both public and private equity investing. The Firm's private equity group targets growth equity, leveraged buyouts, and recapitalization transactions in lower middle-market companies with $25 to $500 million of revenue. Specific areas of interest include healthcare providers, mayors, distribution, medical devices, specialty pharmaceuticals, outsourced services, and healthcare IT. Consonance Capital Partners was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 4 of 6
Sector (Healthcare Services) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Pennsylvania) 2 of 3
Country (United States) 4 of 6
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Enclara Healthcare

Philadelphia, Pennsylvania, United States

Enclara Healthcare is a major solutions provider focused on simplifying care delivery in chronic and complex care patient populations to improve patient experience, quality, and cost. Enclara Healthcare collaborates with healthcare organizations to drive value-based care through expertise, process, and technology.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Turn-Key Health

Philadelphia, Pennsylvania, United States

Turn-Key Health is a community-based palliative care company serving health plans, hospitals, and physicians. Turn-Key Health is based in Philadelphia, Pennsylvania.

Sell -
Mergr

Product

Company

Legal