M&A Deal Summary

Optum Acquires MedExpress Urgent Care

On April 8, 2015, Optum acquired healthcare services company MedExpress Urgent Care from General Atlantic

Acquisition Highlights
  • This is Optum’s 2nd transaction in the Healthcare Services sector.
  • This is Optum’s 4th transaction in the United States.
  • This is Optum’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2015-04-08
Target MedExpress Urgent Care
Sector Healthcare Services
Buyer(s) Optum
Sellers(s) General Atlantic
Deal Type Add-on Acquisition

Target

MedExpress Urgent Care

Morgantown, West Virginia, United States
MedExpress Urgent Care LLC is a provider of healthcare services to those seeking non-emergency medical treatment.

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Buyer(S) 1

Buyer

Optum

Eden Prairie, Minnesota, United States

Category Company
Sector Information Technology
DESCRIPTION
Entrance to Optum's corporate headquarters in Eden Praire, Minnesota.
Entrance to Optum's corporate headquarters in Eden Praire, Minnesota.

Optum is an information and technology-enabled health services business dedicated to helping make the health system work better for everyone. Optum delivers intelligent, integrated solutions that help to modernize the health system and improve overall population health.


DEAL STATS #
Overall 4 of 16
Sector (Healthcare Services) 2 of 11
Type (Add-on Acquisition) 4 of 12
State (West Virginia) 1 of 1
Country (United States) 4 of 16
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 MedSynergies

Irving, Texas, United States

MedSynergies is a provider of outsourced billing, claims administration and payment processing services to healthcare providers such as physician groups, hospitals and corporate healthcare providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Surgical Care Affiliates

Deerfield, Illinois, United States

Surgical Care Affiliates, Inc. is a developser, owns and operator of an outpatient surgical care centers and a health maintenance organization.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 70 of 146
Sector (Healthcare Services) 3 of 9
Type (Add-on Acquisition) 26 of 44
State (West Virginia) 1 of 1
Country (United States) 40 of 75
Year (2015) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Decolar

Sao Paulo, Brazil

Decolar is an online travel agency in Brazil and across Latin America. The company, through its branded websites Despegar.com (in greater Latin America) and Decolar.com (in Brazil), provides online airline and hotel booking services to leisure and unmanaged business travelers in Latin America. Decolar was founded in 2000 and is based in Sao Paulo, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 Yemeksepeti

Istanbul, Turkey

Yemeksepeti is an online food ordering company in Turkey founded in 2001. The company operates portals that bring together consumers and restaurants and enables consumers to order food online both in Turkey and in UAE (www.foodonclick.com). Yemeksepeti currently has more than 6,500 contracted delivery restaurants across 41 cities in Turkey, and over 500 restaurants in the UAE.

Sell $589M