M&A Deal Summary |
|
|---|---|
| Date | 2016-11-17 |
| Target | Universal American |
| Sector | Healthcare Services |
| Buyer(s) | WellCare Health Plans |
| Sellers(s) |
Welsh Carson Anderson & Stowe
Lee Equity Partners Capital Z Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 800M USD |
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| Category | Company |
|---|---|
| Founded | 1985 |
| Sector | Insurance |
| Employees | 6,900 |
| Revenue | 20.0B USD (2018) |
WellCare Health Plans, Inc. is a provider of managed care services targeted to government-sponsored health care programs, focusing on Medicaid and Medicare. WellCare offers a variety of health plans for families, children, and the aged, blind, and disabled, as well as prescription drug plans.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 13 |
| Sector (Healthcare Services) | 8 of 9 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (New York) | 1 of 1 |
| Country (United States) | 10 of 13 |
| Year (2016) | 5 of 6 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-05 |
Care1st Health Plan of Arizona
Phoenix, Arizona, United States Care1st Health Plan of Arizona, Inc. is a provider of support and services to meet the health care needs of eligible members enrolled in KidsCare, AHCCCS, and DDD. |
Buy | $158M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-22 |
Phoenix Health Plan - Medicaid Assets
Arizona, United States Phoenix Health Plan - Medicaid Assets includes medicaid membership and certain provider contracts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 31.0B USD |
| Size | Mega |
| Type | Sector Focused |
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 75 |
| Sector (Healthcare Services) | 20 of 25 |
| Type (Add-on Acquisition) | 36 of 44 |
| State (New York) | 6 of 6 |
| Country (United States) | 56 of 72 |
| Year (2016) | 5 of 5 |
| Size (of disclosed) | 16 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-01 |
Clearwater Analytics
Boise, Idaho, United States Clearwater Analytics provides web-based, investment portfolio reporting and analytics for institutional investors, investment managers, custody banks, and electronic trading portals. Clearwater’s daily-aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for clients such as Cisco Systems, Oracle Corporation, Starbucks Corporation and Yahoo!. Clearwater Analytics was founded in 2004 and is based in Boise, Idaho. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-02 |
Intoxalock
Des Moines, Iowa, United States Intoxalock is a provider of ignition interlock devices, which are breathalyzers installed in vehicles to prevent ignition by intoxicated drivers. Intoxalock pioneered the development of fuel cell technology in IIDs, and continues to combat drunk driving with the most innovative solutions in the market. Intoxalock was founded in 1992 and is based in Des Moines, Iowa. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Agnostic |
Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 by Thomas H. Lee, formerly of Thomas H. Lee Partners, LP.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 17 |
| Sector (Healthcare Services) | 3 of 5 |
| Type (Add-on Acquisition) | 4 of 6 |
| State (New York) | 1 of 3 |
| Country (United States) | 7 of 16 |
| Year (2016) | 2 of 3 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-10-17 |
Prelude Fertility
Atlanta, Georgia, United States Prelude Fertility is a comprehensive fertility company with a focus on providing proactive fertility care. Prelude Fertility was established in 2016 and is based in Atlanta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-21 |
Carlile Bancshares
Forth Worth, Texas, United States Carlile Bancshares, Inc. is a provider of buying small to regional banks that are looking for shareholder alternatives. Carlile Bancshares, Inc. was established in 2009 and is headquartered in Forth Worth, Texas. |
Sell | $434M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1990 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
Capital Z Partners is a private equity firm focused on the financial services sector. The Firm targets companies in the US, Bermuda, and the UK and looks to commit $25 to $100 million as a primary or co-investor partner. Specific areas of interest include insurance (property, life, health, reinsurance, and specialty markets), services (insurance distribution, claims management, asset servicing, and outsourced service providers), specialty finance (commercial finance, consumer finance, banks, and leasing), and securities (fund management, broker-dealers, and wealth management). Capital Z Partners was established in 1990 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 8 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 3 |
| State (New York) | 1 of 1 |
| Country (United States) | 4 of 6 |
| Year (2016) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-30 |
Portfolio Group
Lake Forest, California, United States Portfolio Group is an independent provider of finance and insurance products and services to automotive dealers across the country. Portfolio develops, sells and administers auto dealer extended warranty programs across a full-service product offering including vehicle service contracts, GAP insurance, and ancillary products. Portfolio Group was founded in 1990 and is based in Lake Forest, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-26 |
Centrue Financial
Ottawa, Illinois, United States Centrue Financial Corp. is a bank holding company. The Company operates a subsidiary, Centrue Bank (the Bank). It provides various services, establishes Company-wide policies and procedures, and provides other resources as needed, including capital. |
Sell | $175M |
