Growth Capital • Healthcare Services

TPG Invests In Magellan Health

On July 21, 1997, private equity firm TPG invested in healthcare services company Magellan Health

Investment Context
  • This is TPG’s 1st transaction in the Healthcare Services sector.
  • This is TPG’s 5th transaction in the United States.
  • This is TPG’s 1st transaction in Arizona.
Investment Fate
  • Magellan Health went bankrupt in 2003.
  • Magellan Health was sold to a financial buyer in 2003.
  • Magellan Health went public in 2005.
  • Magellan Health was sold to a strategic buyer in 2021 for 2.2B USD.

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Investment Summary

Date July 21, 1997
Target Magellan Health
Sector Healthcare Services
Investor(s) TPG
Deal Type Growth Capital

Target Company

Magellan Health

Phoenix, Arizona, United States
Entrance to Magellan's office in Columbia, Maryland.
Entrance to Magellan's office in Columbia, Maryland.
Magellan Health, Inc. is a provider of managed behavioral healthcare services, radiology benefit management services, and specialty pharmaceutical management services. Magellan Health was formed in 1969 and is based in Scottsdale, Arizona.
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Investor Overview 1

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


Deal Context for Investor #
Overall 6 of 454
Sector: Healthcare Services 1 of 25
Type: Growth Capital 1 of 74
State: Arizona 1 of 8
Country: United States 5 of 300
Year: 1997 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-31 Belden & Blake

Houston, Texas, United States

Belden & Blake Corp. is an independent energy company, engages in the exploitation, development, production, operation and acquisition of oil and natural gas properties. The company's operations are focused in the Appalachian Basin in Ohio, Pennsylvania and New York and in the Antrim Shale formation in the Michigan Basin.

Buy $315M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-22 Zilog

San Jose,, California, United States

ZiLOG operates as a fabless semiconductor supplier of microprocessor and microcontroller semiconductor products. ZiLOG designs, develops, tests and markets a portfolio of semiconductor devices for various applications used in consumer electronics, home appliances, security systems, point-of-sale terminals, personal computer peripherals, personal health and medical products.

Buy $527M