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M&A Deal Summary

Medical Mutual Acquires Bravo Wellness

On January 7, 2020, Medical Mutual acquired information technology company Bravo Wellness from ABS Capital Partners

Acquisition Highlights
  • This is Medical Mutual’s 1st transaction in the Information Technology sector.
  • This is Medical Mutual’s 1st transaction in the United States.
  • This is Medical Mutual’s 1st transaction in Ohio.

M&A Deal Summary
Date 2020-01-07
Target Bravo Wellness
Sector Information Technology
Buyer(s) Medical Mutual
Sellers(s) ABS Capital Partners
Deal Type Add-on Acquisition

Target

Bravo Wellness

Cleveland, Ohio, United States
Bravo Wellness LLC is a data-driven provider of wellness solutions to more than one million users nationwide. Bravo Wellness was founded in 2008 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Medical Mutual

Cleveland, Ohio, United States
Category Company
Founded 1934
Sector Insurance
DESCRIPTION

Medical Mutual is a provider of personal health insurance plans, and third-party administrative services to self-insured group customers. Medical Mutual was founded in 1934 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 3
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: Ohio M&A 1 of 2
Country: United States M&A 1 of 3
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Reserve National Insurance

Oklahoma, Oklahoma, United States

Reserve National Insurance offers a variety of hospital, surgical, accident, supplemental, specified disease and life insurance plans. Reserve National Insurance was founded in 1956 and is based in Oklahoma City.

Buy -

Seller(S) 1

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.

DEAL STATS #
Overall 64 of 72
Sector: Information Technology M&A 10 of 12
Type: Add-on Acquisition M&A Deals 29 of 35
State: Ohio M&A 1 of 2
Country: United States M&A 63 of 71
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-27 IgnitionOne

New York, New York, United States

IgnitionOne is a cloud-based digital marketing technology providing a world-class proprietary platform and expert services to improve digital marketing performance across PC and Mobile platforms. IgnitionOne is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-24 Galvanize

Denver, Colorado, United States

Galvanize LLC is a technology learning ecosystem for data scientists, software engineers, and entrepreneurs. With nine campuses across the U.S., innovative startups, aspiring students, and large enterprises all benefit from this dynamic learning community.

Sell $165M
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