M&A Deal Summary

WebMD Health Acquires The Wellness Network

On July 20, 2021, WebMD Health acquired healthcare services company The Wellness Network from Granite Bridge Partners

Acquisition Highlights
  • This is WebMD Health’s 2nd transaction in the Healthcare Services sector.
  • This is WebMD Health’s 15th transaction in the United States.
  • This is WebMD Health’s 2nd transaction in Washington.

M&A Deal Summary

Date 2021-07-20
Target The Wellness Network
Sector Healthcare Services
Buyer(s) WebMD Health
Sellers(s) Granite Bridge Partners
Deal Type Add-on Acquisition

Target

The Wellness Network

Eau Claire, Washington, United States
The Wellness Network is a healthcare providers improve community health by providing comprehensive point-of-care health and wellness solutions that accurately and efficiently address the education needs of patients, families and caregivers. The Wellness Network was formed in 1994 and is based in Eau Claire, Washington.

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Buyer(S) 1

Buyer

WebMD Health

New York, New York, United States

Category Company
Sector Digital Media
Employees1,700
Revenue 705M USD (2016)
DESCRIPTION

WebMD Health Corp. is a provider of health information services, serving consumers, physicians, healthcare professionals, employers, and health plans through our public and private online portals, mobile platforms and health-focused publications. WebMD Health Corp. is based in New York City.


DEAL STATS #
Overall 18 of 25
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 16 of 23
State (Washington) 2 of 3
Country (United States) 15 of 20
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 ADDitude Magazine

New York, New York, United States

ADDitude Magazine is a multi-channel platform supporting people with attention deficit hyperactivity disorder (ADHD), their caregivers, and professionals in the ADHD treatment space. ADDitude Magazinee was founded in 1998 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 SanovaWorks

New York, New York, United States

SanovaWorks is a multiplatform company focused on delivering targeted educational offerings and learning solutions for dermatologists. Sanovaworks also hosts leading medical conferences ODAC Dermatology, Aesthetics and Surgical and Skin of Color and offers web-based learning tools, publications such as Journal of Drugs in Dermatology (JDD) and virtual webinar and podcast series. SanovaWorks is based in New York.

Buy -

Seller(S) 1

SELLER

Granite Bridge Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
Size Mega
Type Sector Agnostic
DESCRIPTION

Granite Bridge Partners is a private equity firm focused on control investments in mid-sized companies operating in traditional industries. The Firm looks to commit $10 to $30 million in profitable companies with up to $100 million in revenue. Broad areas of interest include consumer products/services, business services, and niche manufacturing. Granite Bridge Partners is the former direct investing unit of Wafra Partners and was spun out in 2018. The Firm is based in in New York City.


DEAL STATS #
Overall 10 of 12
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Washington) 1 of 1
Country (United States) 9 of 10
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Teraco

Midland, Texas, United States

Teraco is a provider of PVC loyalty cards, gift cards, hotel key cards and other plastic cards and promotional products. Teraco was formed in 1962 and is based in Midland, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Integrated Cable Assembly Holdings

Nogales, Mexico

Integrated Cable Assembly Holdings is a manufacturer of wire harnesses, cable assemblies and electromechanical assemblies, offering turn-key manufacturing services through its U.S. and Mexican facilities to domestic and international customers. Integrated Cable Assembly Holdings is based in Nogales, Mexico.

Sell -