M&A Deal Summary

MAXIMUS Acquires Ascend Management Innovations

On March 1, 2016, MAXIMUS acquired healthcare services company Ascend Management Innovations for 300M USD

Acquisition Highlights
  • This is MAXIMUS’s 2nd transaction in the Healthcare Services sector.
  • This is MAXIMUS’s 5th largest (disclosed) transaction.
  • This is MAXIMUS’s 3rd transaction in the United States.
  • This is MAXIMUS’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2016-03-01
Target Ascend Management Innovations
Sector Healthcare Services
Buyer(s) MAXIMUS
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) Brentwood Capital Advisors (Financial)

Target

Ascend Management Innovations

Franklin, Tennessee, United States
Ascend Management Innovations is a provider of conflict-free health care assessment services for state government agencies across the U.S. Ascend specializes in long-term care assessments for people with physical disabilities and complex medical conditions, and people with behavioral health, intellectual, and developmental disabilities.

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Buyer(S) 1

Buyer

MAXIMUS

McLean, Virginia, United States

Category Company
Founded 1975
Sector Business Services
Employees39,600
Revenue 4.9B USD (2023)
DESCRIPTION
MAXIMUS' corporate headquarters in Reston, Virginia.
MAXIMUS' corporate headquarters in Reston, Virginia.

MAXIMUS is an operator of government health and human services programs in the United States, United Kingdom, Canada, Australia and Saudi Arabia. The Company delivers business process services to improve the cost effectiveness, efficiency and quality of government-sponsored benefit programs, such as the Affordable Care Act, Medicaid, Medicare, Children's Health Insurance Program (CHIP), Health Insurance BC (British Columbia), as well as welfare-to-work and child support programs around the globe. MAXIMUS was formed in 1975 and is based in McLean, Virginia.


DEAL STATS #
Overall 5 of 8
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 5 of 6
State (Tennessee) 1 of 1
Country (United States) 3 of 6
Year (2016) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 Acentia

Falls Church, Virginia, United States

Acentia LLC is an information technology services provider to U.S. government civilian, national security, and intelligence agencies. Acentia provides infrastructure operations, network engineering and architecture, information assurance, specialized relocation and engineering, program management, software development, and strategic planning to its customers with a focus on end-to-end IT solutions and complementary consulting services. Acentia LLC was established in 2001 and is based in Falls Church, Virginia.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 MAXIMUS - TIENET

Reston, Virginia, United States

MAXIMUS, Inc. - TIENET is a product developed to help educators manage instruction, intervention, and special education.

Sell -