M&A Deal Summary

ModivCare Acquires Guardian Medical Monitoring

On May 18, 2022, ModivCare acquired safety/security company Guardian Medical Monitoring from Guardian Alarm

Acquisition Highlights
  • This is ModivCare’s 1st transaction in the Safety/Security sector.
  • This is ModivCare’s 7th transaction in the United States.
  • This is ModivCare’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-05-18
Target Guardian Medical Monitoring
Sector Safety/Security
Buyer(s) ModivCare
Sellers(s) Guardian Alarm
Deal Type Divestiture

Target

Guardian Medical Monitoring

Southfield, Michigan, United States
Guardian Medical Monitoring is a provider of remote patient monitoring solutions to Managed Care Organizations (MCOs) and state Medicaid payors including Personal Emergency Response Systems (PERS) and medication management. Guardian Medical Monitoring is based in Southfield, Michigan.

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Buyer(S) 1

Buyer

ModivCare

Denver, Colorado, United States
Category Company
Founded 1996
Sector Healthcare Services
Employees21,200
Revenue 2.8B USD (2023)
DESCRIPTION
Providence Service's corporate headquarters in Tucson, Arizona.
Providence Service's corporate headquarters in Tucson, Arizona.

ModivCare provides and manages government sponsored social services and non-emergency transportation services. Providence's counselors, social workers and behavioral health professionals work clients who are eligible for government assistance due to income level, emotional/educational disabilities or court order. The state and local government agencies that fund the social services Providence provides are required by law to provide counseling, case management, foster care and other support services to eligible individuals and families. Providence also manages and arranges for client transport to health care related facilities and services for state or regional Medicaid agencies, health maintenance organizations, or HMOs, and commercial insurers. ModivCare was formed in 1996 and is based in Denver, Colorado.

DEAL STATS #
Overall 7 of 7
Sector (Safety/Security) 1 of 1
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 7 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 VRI

Franklin, Ohio, United States

VRI is a provider of telehealth monitoring, monitored medication dispensing and adherence solutions, and medical alert systems, serving over 100,000 actively monitored clients across the country. VRI was founded in 1989 and is based in Franklin, Ohio.

Buy $315M

Seller(S) 1

SELLER

Guardian Alarm

Southfield, Michigan, United States
Category Company
Founded 1930
Sector Safety/Security
DESCRIPTION

Guardian Alarm Co. is specializes in home security, commercial alarm systems, on-site security staffing and equipment, medical emergency response and more.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-13 Cincinnati Bell - Protection Security Monitoring Business

Cincinnati, Ohio, United States

Cincinnati Bell, Inc. - Protection(TM) Security Monitoring Business is a provider of alarm systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 SDG Security

Columbus, Ohio, United States

SDG Security specializes in custom-designed security, communications, and sound systems. It offers audio-visual systems, burglar alarm systems, cable tv wiring, card key systems, cellular backup systems, central station monitoring, closed circuit television systems, computer networks and wiring, fire alarm systems, intercom systems, medical alert networks, satellite tv, video surveillance systems, and voice mail systems. SDG Security is based in Columbus, Ohio.

Buy -
Mergr

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