M&A Deal Summary

OptumRx Acquires AxelaCare Health Solutions

On November 17, 2015, OptumRx acquired healthcare services company AxelaCare Health Solutions from Harvest Partners Private Equity and Harvest Partners Structured Capital

Acquisition Highlights
  • This is OptumRx’s 2nd transaction in the Healthcare Services sector.
  • This is OptumRx’s 2nd transaction in the United States.
  • This is OptumRx’s 1st transaction in Kansas.

M&A Deal Summary
Date 2015-11-17
Target AxelaCare Health Solutions
Sector Healthcare Services
Buyer(s) OptumRx
Sellers(s) Harvest Partners Private Equity
Harvest Partners Structured Capital
Deal Type Add-on Acquisition

Target

AxelaCare Health Solutions

Lenexa, Kansas, United States
AxelaCare Health Solutions LLC is a full-service home infusion therapy provider. Therapies provided range from immune globulin (IG) therapy to antibiotics and nutrition therapy for patients across the United States.

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Buyer(S) 1

Buyer

OptumRx

Irvine, California, United States
Category Company
Founded 1989
Sector Healthcare Services
DESCRIPTION

OptumRx specializes in the delivery, clinical management and affordability of prescription medications and consumer health products.

DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Kansas) 1 of 1
Country (United States) 2 of 3
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Catamaran

Schaumburg, Illinois, United States

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America.

Buy $12.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Helios

Tampa, Florida, United States

Helios provides management of pharmacy benefits, durable medical equipment, home health care, and other ancillary services for workers’ compensation and auto no-fault insurance companies.

Buy -

Seller(S) 2

SELLER

Harvest Partners Private Equity

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.

DEAL STATS #
Overall 19 of 30
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Kansas) 1 of 1
Country (United States) 17 of 27
Year (2015) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 Affordable Care

Morrisville, North Carolina, United States

Affordable Care is a dental practice management services company that supports a network of affiliated dental practices providing removable prosthetics and related services. Affordable Care was founded in 1975 and is based in Morrisville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 Advanced Dermatology and Cosmetic Surgery

Maitland, Florida, United States

Advanced Dermatology and Cosmetic Surgery is a dermatology-focused physician practice management company, with clinics around the United States which provide clinical, cosmetic, and pathology services. Advanced Dermatology and Cosmetic Surgery was founded in 1989 and is based in Maitland, Florida.

Buy -
SELLER

Harvest Partners Structured Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Large
Type Sector Agnostic
DESCRIPTION

Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.

DEAL STATS #
Overall 1 of 8
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 7
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 LAZ Parking

Hartford, Connecticut, United States

LAZ Parking is a parking operator in the United States with operations in over 3k+ locations. LAZ offers a vast array of parking services including facility management, billing, collections, maintenance, valet parking and shuttles. LAZ Parking was founded in 1981 and is based in Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 PDI Software

Alpharetta, Georgia, United States

PDI Software is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Software was founded in 1983 and is based in Alpharetta, Georgia.

Buy -
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