M&A Deal Summary

Universal American Acquires Heritage Health Systems

On May 27, 2004, Universal American acquired healthcare services company Heritage Health Systems from The Carlyle Group for 98M USD

Acquisition Highlights
  • This is Universal American’s 1st transaction in the Healthcare Services sector.
  • This is Universal American’s 3rd largest (disclosed) transaction.
  • This is Universal American’s 1st transaction in the United States.
  • This is Universal American’s 1st transaction in Texas.

M&A Deal Summary
Date 2004-05-27
Target Heritage Health Systems
Sector Healthcare Services
Buyer(s) Universal American
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 98M USD

Target

Heritage Health Systems

Houston, Texas, United States
Heritage Health Systems, Inc. operated joint ventures with independent practice associations of physicians that market health plan products and contract with health insurers.

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Buyer(S) 1

Buyer

Universal American

White Plains, New York, United States
Category Company
Founded 1981
Sector Healthcare Services
Employees1,500
Revenue 1.5B USD (2015)
DESCRIPTION

Universal American is a provider of health care products and services.

DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Texas) 1 of 1
Country (United States) 1 of 3
Year (2004) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-24 MemberHealth

Solon, Ohio, United States

MemberHealth, Inc. Provider of prescription drug benefits and a national Medicare Part D sponsor.

Buy $650M

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 32 of 481
Sector (Healthcare Services) 2 of 18
Type (Add-on Acquisition) 15 of 198
State (Texas) 3 of 38
Country (United States) 24 of 259
Year (2004) 8 of 24
Size (of disclosed) 114 of 136
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-23 Horizon Lines

Charlotte, North Carolina, United States

Horizon Lines, Inc. is a container transportation shipping company, accounting for over 35% of all U.S. marine container shipments from the U.S. mainland to Alaska, Hawaii / Guam and Puerto Rico.

Sell $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-30 Núter Feed S.A.U.

A Coruña, Spain

Formed in 1965, Núter Feed S.A.U. is a producer and distributor of animal feed for cattle and animals based in A Coruña, Spain.

Buy -
Mergr

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