M&A Deal Summary

Oxford Health Plans Acquires MedSpan

On March 13, 2002, Oxford Health Plans acquired healthcare services company MedSpan from CCP Equity Partners

Acquisition Highlights
  • This is Oxford Health Plans’ 1st transaction in the Healthcare Services sector.
  • This is Oxford Health Plans’ 1st transaction in the United States.
  • This is Oxford Health Plans’ 1st transaction in Connecticut.

M&A Deal Summary

Date 2002-03-13
Target MedSpan
Sector Healthcare Services
Buyer(s) Oxford Health Plans
Sellers(s) CCP Equity Partners
Deal Type Add-on Acquisition

Target

MedSpan

Hartford, Connecticut, United States
MedSpan, Inc. a connecticut-based provider-sponsored managed care company offering PPO and HMO products to the small and mid-sized commercial market as well as an HMO plan for Medicare recipients.

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Buyer(S) 1

Buyer

Oxford Health Plans

Trumbull, Connecticut, United States

Category Company
Founded 1984
Sector Insurance
DESCRIPTION

Oxford Health Plans, Inc. provides health plans to employers and individuals primarily in New York, New Jersey and Connecticut, through its direct sales force, independent insurance agents and brokers. Oxford's commercial insured products and services include traditional health maintenance organizations, preferred and exclusive provider organizations, point-of-service plans and consumer-directed health plans. The Company also offers Medicare plans and third-party administration of employer-funded benefits plans.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1

Seller(S) 1

SELLER

CCP Equity Partners

Hartford, Connecticut, United States

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 7 of 25
Sector: Healthcare Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 4 of 17
State: Connecticut M&A 3 of 4
Country: United States M&A 6 of 22
Year: 2002 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-01 Neovest

Orem, Utah, United States

Neovest, Inc. a developer of Proactive Intelligent TechnologyTM designed to make traders and investors more productive. Neovest's products incorporate a unique server technology (NEBO) designed by Neovest, that enables fast, efficient delivery of market data from multiple sources and drives real-time data analysis and decision support, creating a powerful equity trading solution.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Hobbs Group

Atlanta, Georgia, United States

Hobbs Group LLC a commercial insurance brokerage firm providing specialized risk management insurance and technology services, including complex property risks, construction owner-controlled insurance programs, casualty risk management, long-term healthcare, employee benefits, executive life products and professional liability coverage.

Sell -