Divestiture • Healthcare Services

NeueHealth Acquires Zipnosis

On April 5, 2021, NeueHealth acquired healthcare services company Zipnosis from Safeguard

Acquisition Context
  • This is NeueHealth’s 1st transaction in the Healthcare Services sector.
  • This is NeueHealth’s 1st transaction in the United States.
  • This is NeueHealth’s 1st transaction in Minnesota.
Investment Fate
  • Zipnosis was divested to a consortium of strategic buyers in 2023.

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M&A Deal Summary

Date April 5, 2021
Target Zipnosis
Sector Healthcare Services
Buyer(s) NeueHealth
Sellers(s) Safeguard
Deal Type Divestiture
Advisor(s) Cain Brothers & Co. (Financial)

Target Company

Zipnosis

Minneapolis, Minnesota, United States
Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota.
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Buyer Overview 1

Buyer

NeueHealth

Minneapolis, Minnesota, United States

Category Company
Founded 2015
Sector Healthcare Services
Employees986
Revenue 937M USD (2024)
DESCRIPTION

NeueHealth is a healthcare platform that offers diversified health products and managed care services to over 500,000 consumers in 14 states and more than 50 markets. NeueHealth provides consumers access to personalized care teams tailored to their individual needs. NeueHealth was incorporated in 2015 and is based in Minneapolis, Minnesota.


Deal Context for Buyer #
Overall 1 of 2
Sector: Healthcare Services 1 of 2
Type: Divestiture 1 of 1
State: Minnesota 1 of 1
Country: United States 1 of 2
Year: 2021 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 Zipnosis

Minneapolis, Minnesota, United States

Zipnosis is a design technology healthcare company enabling traditional care models with an adaptive telemedicine solution that reduces costs, improves outcomes, and creates happier patients. Zipnosis evolves healthcare ecosystems and focused on innovation that improves the human experience for patients, providers, and healthcare organizations. Zipnosis was founded in 2008 and is based in Minneapolis, Minnesota.

Sell -

Seller Profile 1

SELLER

Safeguard

Radnor, Pennsylvania, United States

Category Company
Sector Financial Services
Employees30
Revenue 6M USD (2023)
DESCRIPTION

Safeguard is a provider of capital and operational expertise to emerging and growth-stage healthcare and technology enterprises that are developing innovative products and services.


Deal Context for Seller #
Overall 9 of 9
Sector: Healthcare Services 1 of 1
Type: Divestiture 6 of 6
State: Minnesota 1 of 1
Country: United States 9 of 9
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-03 Transactis

Charlotte, North Carolina, United States

Transactis, Inc. is a provider of proprietary, patent-pending TransactMail technology that allows secure online transactions to take place directly from an email client using SSL without the need to herd the consumer over to a browser where they may become frustrated with the need to start their transaction all over again. Transactis, Inc. was founded in 2001 and is based in Charlotte, North Carolina.

Sell -