M&A Deal Summary

Magellan Health Acquires National Imaging Associates

On January 31, 2006, Magellan Health acquired healthcare services company National Imaging Associates from TA Associates for 122M USD

Acquisition Highlights
  • This is Magellan Health’s 1st transaction in the Healthcare Services sector.
  • This is Magellan Health’s 2nd largest (disclosed) transaction.
  • This is Magellan Health’s 1st transaction in the United States.
  • This is Magellan Health’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2006-01-31
Target National Imaging Associates
Sector Healthcare Services
Buyer(s) Magellan Health
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 122M USD

Target

National Imaging Associates

Avon, Connecticut, United States
National Imaging Associates (NIA) is a provider of radiology benefits management services in the U.S. NIA partners with healthcare payers through its Radiology Benefits Management approach to improve the clinical appropriateness, quality, and economics of diagnostic radiology services rendered to health plan enrollees.

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Buyer(S) 1

Buyer

Magellan Health

Phoenix, Arizona, United States

Category Company
Founded 1969
Sector Healthcare Services
Revenue 7.2B USD (2019)
DESCRIPTION
Entrance to Magellan's office in Columbia, Maryland.
Entrance to Magellan's office in Columbia, Maryland.

Magellan Health, Inc. is a provider of managed behavioral healthcare services, radiology benefit management services, and specialty pharmaceutical management services. Magellan Health was formed in 1969 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 1 of 10
Sector (Healthcare Services) 1 of 9
Type (Add-on Acquisition) 1 of 9
State (Connecticut) 1 of 1
Country (United States) 1 of 10
Year (2006) 1 of 1
Size (of disclosed) 2 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-05 First Health Services

United States

First Health Services Corporation provides pharmacy benefits administration, health care management, and IT services to state Medicaid programs.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 101 of 255
Sector (Healthcare Services) 5 of 18
Type (Add-on Acquisition) 59 of 130
State (Connecticut) 2 of 5
Country (United States) 98 of 206
Year (2006) 2 of 11
Size (of disclosed) 59 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-13 Webhire

Lexington, Massachusetts, United States

Webhire is a provider of end-to-end recruiting solutions that help employers use the web to quickly and cost-effectively connect with job-seekers and efficiently manage the hiring process.

Sell $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-02 OpenLink Financial

Uniondale, New York, United States

OpenLink Financial is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy and financial services markets globally. OpenLink’s blue chip client base of more than 150 customers worldwide includes twelve of the top twenty-five largest commodity and energy companies by market capitalization, eight of the largest financial institutions and eleven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore.

Buy -