M&A Deal Summary |
|
|---|---|
| Date | 2021-06-21 |
| Target | Kindred |
| Sector | Healthcare Services |
| Buyer(s) | LifePoint Health |
| Sellers(s) |
TPG
Welsh Carson Anderson & Stowe Humana |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Barclays Investment Bank Guggenheim Securities (Financial) Debevoise & Plimpton Mintz Levin Cohn Ferris Glovsky and Popeo PC (Legal) |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Healthcare Services |
| Employees | 53,200 |
| Revenue | 5.2B USD (2015) |
LifePoint Health includes a footprint of regional health systems, physician practices, outpatient centers, and post-acute facilities in more than 85 non-urban communities that span coast to coast. LifePoint was established in 1997 and is based in Brentwood, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 23 |
| Sector (Healthcare Services) | 19 of 22 |
| Type (Add-on Acquisition) | 13 of 15 |
| State (Kentucky) | 3 of 4 |
| Country (United States) | 19 of 23 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-23 |
RCCH HealthCare Partners
Brentwood, Tennessee, United States RCCH HealthCare Partners works with communities to provide high-quality, compassionate hospital and healthcare services to non-urban communities all across the country. By developing regionally focused healthcare delivery systems, RCCH HealthCare Partners is able to ensure that access to care is available to our patients, and their families, close to home. RCCH HealthCare Partners was founded in 2010 and is based in Brentwood, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-21 |
Specialist TeleMed
Denver, Colorado, United States Specialist TeleMed is a telemedicine provider for hospitals, clinics and remote locations worldwide. Specialist TeleMed is based in Denver, Colorado. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 234 of 267 |
| Sector (Healthcare Services) | 11 of 11 |
| Type (Add-on Acquisition) | 82 of 94 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 171 of 193 |
| Year (2021) | 9 of 18 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-15 |
Convey
Fort Lauderdale, Florida, United States Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-28 |
Dodla Dairy
Hyderabad, India Dodla Dairy is a fresh dairy product company offering a wide range of milk products throughout South India. The company procures, processes, and sells dairy products, including fresh milk, butter, ghee, paneer, curd, flavored milk, doodh peda, ice cream, and skimmed milk powder across 66 regions in South India. Dodla Dairy was founded in 1995 and is based in Hyderabad, India. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 31.0B USD |
| Size | Mega |
| Type | Sector Focused |
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 69 of 75 |
| Sector (Healthcare Services) | 25 of 25 |
| Type (Add-on Acquisition) | 42 of 44 |
| State (Kentucky) | 3 of 3 |
| Country (United States) | 66 of 72 |
| Year (2021) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-15 |
Springstone
Louisville, Kentucky, United States Springstone is a provider of high-quality behavioral healthcare services. Its inpatient and outpatient programs provide children and adults with the treatment of mental illness and addiction, offering a broad scope of services for a diverse patient population. In addition to traditional therapies, The company takes a holistic approach to treatment, offering yoga, art, and recreational therapy. Its engaged and mission-driven team is dedicated to Changing People’s Lives through a patient-centric approach to delivering superior outcomes. Springstone was formed in 2010 and is based in Louisville, Kentucky. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-03 |
Valtruis
Chicago, Illinois, United States Valtruis invests in and partners with healthcare companies whose mission is to realign and transform U.S. healthcare along the principles of value-based care. Valtruis is based in Chicago, Illinois. |
Buy | $300M |
| Category | Company |
|---|---|
| Founded | 1961 |
| Sector | Healthcare Services |
| Employees | 67,600 |
| Revenue | 106.4B USD (2023) |
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 6 |
| Sector (Healthcare Services) | 3 of 4 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Kentucky) | 3 of 4 |
| Country (United States) | 5 of 6 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-14 |
onehome
Miramar, Florida, United States onehome provides meeting the needs of health plans by serving its members through a single-source solution. It manages patients’ complex and chronic needs from infusion care to nursing and durable medical equipment services at the home, promoting quality of life, improving health for patients, and reducing costs for the health plans. onehome was founded in 1998 and is based in Miramar, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-21 |
Gentiva Health Services
Louisville, Kentucky, United States Gentiva Health Services include patient-centered services for Hospice, Palliative, Community and Personal Care. |
Sell | - |
