M&A Deal Summary |
|
|---|---|
| Date | 2023-09-27 |
| Target | Virgin Pulse |
| Sector | Internet Software and Services |
| Buyer(s) | Personify Health |
| Sellers(s) | Marlin Equity Partners |
| Deal Type | Merger |
| Advisor(s) | Evercore Group (Financial) McDermott Will & Emery (Legal) |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Business Services |
Personify Health is a third party administrator (TPA) of healthcare benefits to self-funded employers. The Company addresses the “dual mandate” to reduce costs and improve outcomes within the healthcare ecosystem. Personify Health offers core healthcare administrative services alongside a robust set of payment integrity and care management offerings to reduce costs, maximize efficiencies, and improve health outcomes for self-funded employer groups. Personify Health was founded in 1983 and is based in Fresno, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Merger) | 1 of 1 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-17 |
Gilsbar - TPA Division
Covington, Louisiana, United States Gilsbar’s TPA offers a fully-integrated approach to benefit plan administration, which includes sophisticated technology and personalized service. Through MedCom, Gilsbar’s in-house care management division, the company delivers care management programs that positively impact employee health and wellbeing. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 8.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 63 |
| Sector (Internet Software and Services) | 14 of 16 |
| Type (Merger) | 10 of 10 |
| State (Rhode Island) | 1 of 1 |
| Country (United States) | 43 of 46 |
| Year (2023) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-11 |
Shift Media
Boston, Massachusetts, United States Shift Media is a provider of cloud-based media collaboration and digital asset management solutions. SHIFT’s multi-tenant SaaS platform helps media and entertainment companies, advertising agencies and production houses securely create, share and collaborate on creative work at all stages of the content production lifecycle, embed visible and forensic watermarking into video and safely screen sensitive pre-release content. Shift Media is based in Boston, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-02 |
Trafix
Mineola, New York, United States Trafix is a broker neutral FinTech company providing innovative global Order & Execution Management solutions, real-time FIX connectivity and normalized API interfaces to address the functional and regulatory requirements of the Financial Services Industry. Trafix was founded in 2013 and is based in Mineola, New York. |
Buy | - |
