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  6. Summit Partners Invests In MDVIP

Investment Summary

Summit Partners Invests In MDVIP

On January 5, 2005, growth capital firm Summit Partners invested in healthcare services company MDVIP

Investment Highlights
  • This is Summit Partners’ 14th transaction in the Healthcare Services sector.
  • This is Summit Partners’ 151st transaction in the United States.
  • This is Summit Partners’ 12th transaction in Florida.
Investment Fate
  • MDVIP was sold to a publicly-traded strategic buyer in 2010.
  • MDVIP was divested to a consortium of buyers in 2014.
  • MDVIP was sold to a consortium of financial buyers in 2017.
  • MDVIP was sold to a consortium of buyers in 2021.

Investment Summary
Date 2005-01-05
Target MDVIP
Sector Healthcare Services
Investor(s) Summit Partners
Deal Type Growth Capital

Target

MDVIP

Boca Raton, Florida, United States
MDVIP is a personalized healthcare program that empowers people to reach their health and wellness goals through in-depth knowledge, expertise, and one-on-one coaching with an affiliated primary care doctor. The company's model was created with the hope and vision of bringing more life to more lives both young and old by putting impersonal healthcare practices and tactics aside and embracing a new way of healing. MDVIP was founded in 2000 and is based in Boca Raton, Florida.

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Investor(S) 1

Investor

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 157 of 415
Sector: Healthcare Services M&A 14 of 46
Type: Growth Capital M&A Deals 98 of 237
State: Florida M&A 12 of 26
Country: United States M&A 151 of 335
Year: 2005 M&A 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 BWT Lighting

Newark, Delaware, United States

BWT Lighting is a producer of field-based LED lighting systems for commercial and government applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-27 optionsXpress

Chicago, Illinois, United States

optionsXpress Holdings, Inc., a pioneer in equity options and futures trading, offers an innovative suite of online brokerage services for investor education, strategy evaluation and trade execution. optionsXpress Holdings subsidiaries include optionsXpress, Inc., a retail online brokerage specializing in options and futures, brokersXpress, LLC, an online trading and reporting platform for independent investment professionals, Open E Cry, LLC, an innovative futures broker offering direct access futures trading for high volume commodities and futures traders through its proprietary software platform, and Optionetics, Inc., a leading provider of investment education services, including live seminars, proprietary software analytics, online and offline educational products and individual coaching.

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