M&A Deal Summary

Optum Acquires VPay

On December 1, 2020, Optum acquired information technology company VPay from FTV Capital

Acquisition Highlights
  • This is Optum’s 3rd transaction in the Information Technology sector.
  • This is Optum’s 11th transaction in the United States.
  • This is Optum’s 3rd transaction in Texas.

M&A Deal Summary

Date 2020-12-01
Target VPay
Sector Information Technology
Buyer(s) Optum
Sellers(s) FTV Capital
Deal Type Add-on Acquisition

Target

VPay

Plano, Texas, United States
VPay offers a turn-key platform that distributes, administers, and processes virtual and plastic cards, checks, and ACH payments via their end-to-end issuing and processing capabilities. Offering the insurance industry’s only total payment solution, VPay equips insurers with configurable, next-generation digital solutions that streamline every aspect of payment processes. VPay was founded in 2002 and is based in Plano, Texas.

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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 11 of 16
Sector: Information Technology M&A 3 of 4
Type: Add-on Acquisition M&A Deals 10 of 12
State: Texas M&A 3 of 3
Country: United States M&A 11 of 16
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 ConnectYourCare

Hunt Valley, Maryland, United States

ConnectYourCare is a consumer-directed healthcare (CDH) account administrator focused on providing innovative, consumer-friendly tools to help patients successfully navigate the complexity of healthcare accounts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Refresh Mental Health

Jacksonville Beach, Florida, United States

Refresh Mental Health through its centers provides comprehensive mental health services, while some specialize in eating disorders, substance abuse, Transcranial Magnetic Stimulation (TMS), and neurofeedback services. Refresh invests in clinical professionals. The company not only provides financial backing but also support practices with business and marketing infrastructure. Refresh Mental Health was formed in 2017 and is based in Jacksonville Beach, Florida.

Buy -

Seller(S) 1

SELLER

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


DEAL STATS #
Overall 43 of 62
Sector: Information Technology M&A 12 of 15
Type: Add-on Acquisition M&A Deals 31 of 38
State: Texas M&A 3 of 3
Country: United States M&A 40 of 55
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Paddle

London, United Kingdom

Paddle, the payments infrastructure provider for B2B SaaS companies powers hyper-scale growth across acquisition, renewals, and expansion. With Paddle, companies are finally able to transform their payments infrastructure into a strategic growth lever to respond faster and more precisely to every growth opportunity. Paddle was launched in 2012 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Sitehands

Charlotte, North Carolina, United States

Sitehands is an innovative provider of enterprise IT field services through a unique two-sided market approach. Sitehands delivers IT field services through a unique two-sided platform which provides orchestration and simplification with end-to-end accountability and continuous optimization. Sitehands was founded in 2016 and is based in Charlotte, North Carolina.

Sell -