M&A Deal Summary

Signify Health Acquires Caravan Health

On February 10, 2022, Signify Health acquired healthcare services company Caravan Health from VSS Capital Partners for 250M USD

Acquisition Highlights
  • This is Signify Health’s 2nd transaction in the Healthcare Services sector.
  • This is Signify Health’s largest (disclosed) transaction.
  • This is Signify Health’s 5th transaction in the United States.
  • This is Signify Health’s 1st transaction in Missouri.

M&A Deal Summary
Date 2022-02-10
Target Caravan Health
Sector Healthcare Services
Buyer(s) Signify Health
Sellers(s) VSS Capital Partners
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

Caravan Health

Kansas City, Missouri, United States
Caravan Health is a provider of value-based care advisory services for hospitals and physician practices. It enables healthcare providers to qualify, participate and succeed under value-based payment models, with a focus on Medicare Accountable Care Organizations. Covering almost a million patient lives, the company has helped more than 14,000 providers implement population health programs with affordable, end-to-end solutions to achieve superior results. Through its unique approach, the company's partner hospitals are able to achieve high-quality scores, new competencies, and strong physician relationships that have traditionally been out of reach, while still reducing overall care costs. Caravan Health was formed in 2013 and is based in Kansas City, Missouri.

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Buyer(S) 1

Buyer

Signify Health

Dallas, Texas, United States
Category Company
Founded 2017
Sector Information Technology
Employees2,100
Revenue 773M USD (2021)
DESCRIPTION

Signify Health is a provider of in-home, technology-enabled healthcare services, partnering with health plans, pharma, and other risk-bearing organizations on its mission to improve quality of life by providing comprehensive care. Signify Health was founded in 2017 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Missouri) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 PatientBlox

Alpharetta, Georgia, United States

PatientBlox is an operator of a technology company with deep expertise in applying distributed ledger technology in healthcare. PatientBlox’s proprietary software and patent-pending technology platform enable healthcare payer and provider collaboration for the rapid scaling of prospective bundled payment programs. PatientBlox is based in Alpharetta, Georgia.

Buy -

Seller(S) 1

SELLER

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.

DEAL STATS #
Overall 55 of 56
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 22 of 22
State (Missouri) 3 of 3
Country (United States) 42 of 43
Year (2022) 1 of 2
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 GLOBO

Wyncote, Pennsylvania, United States

GLOBO is a technology-enabled language solutions provider that helps organizations to communicate across 250+ languages, providing robust data and insights through a revolutionary cloud-based platform. GLOBO is based in Wyncote, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Acrisure

Grand Rapids, Michigan, United States

Acrisure is a retail insurance brokerage offering comprehensive risk management and consulting solutions, including property & casualty, employee benefits, human resource outsourcing, loss & claims management, surety bonding and personal lines coverage. Acrisure was founded in 2005 and is based in Grand Rapids, Michigan.

Sell -
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