M&A Deal Summary

MedHealth Group Acquires Work Health Group

On March 2, 2018, MedHealth Group acquired healthcare services company Work Health Group from Riverside

Acquisition Highlights
  • This is MedHealth Group’s 1st transaction in the Healthcare Services sector.
  • This is MedHealth Group’s 1st transaction in Australia.

M&A Deal Summary

Date 2018-03-02
Target Work Health Group
Sector Healthcare Services
Buyer(s) MedHealth Group
Sellers(s) Riverside
Deal Type Add-on Acquisition

Target

Work Health Group

Melbourne, Australia
Work Health Group is a provider of occupational rehabilitation case management services in Australia, the group brings together 750 health, employment and support professionals across 81 locations around Australia. Brands including WorkFocus Australia, IPAR, Kairros, atWork Australia and Cogent Thinking are managed under the Work Health Group banner. The Group is committed to helping getting injured workers back to work along with optimising work and life participation for people with injury, illness, disability and disadvantage.

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Buyer(S) 1

Buyer

MedHealth Group

Melbourne, Australia

Category Company
Sector Healthcare Services
DESCRIPTION

MedHealth is a purpose-built collection of industry leading health, medical and employment brands and provides independent, evidence-based medical advisory services. The Company's capabilities come together to get the best possible health and employment outcomes for its patients.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 131 of 207
Sector: Healthcare Services M&A 4 of 7
Type: Add-on Acquisition M&A Deals 52 of 86
Country: Australia M&A 3 of 6
Year: 2018 M&A 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Insurance Claims Management

Eau Claire, Wisconsin, United States

Insurance Claims Management is a holding company that owns Harmon Solutions Group and CodeBlueTM. Harmon Solutions Group is an independent third party administrator that provides auto and property claim administration services for insurance and fleet customers. CodeBlueTM is a full service claims processing network that manages property insurance claims for its customers, which are insurance companies nationwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Grace Hill

Irving, Texas, United States

Grace Hill develops online training courseware and administration solely for the property management industry. Grace Hill has helped people, teams, and companies in the multifamily industry improve performance and reduce risk. The company offers the highest-level performance-based online training courseware and administration with Vision, its industry-leading learning management system. Vision combines the latest in learning science and digital technologies, with white-glove customer service and support. Grace Hill was founded in 1998 and is based in Irving, Texas.

Sell -