M&A Deal Summary

Wellpath Acquires Conmed Healthcare Management

On July 18, 2012, Wellpath acquired healthcare services company Conmed Healthcare Management for 59M USD

Acquisition Highlights
  • This is Wellpath’s 1st transaction in the Healthcare Services sector.
  • This is Wellpath’s largest (disclosed) transaction.
  • This is Wellpath’s 1st transaction in the United States.
  • This is Wellpath’s 1st transaction in Maryland.

M&A Deal Summary

Date 2012-07-18
Target Conmed Healthcare Management
Sector Healthcare Services
Buyer(s) Wellpath
Deal Type Add-on Acquisition
Deal Value 59M USD
Advisor(s) Cantor Fitzgerald (Financial)
Kramer Levin Naftalis & Frankel (Legal)

Target

Conmed Healthcare Management

Hanover, Maryland, United States
Conmed Healthcare Management, Inc. is a provider of correctional health care services.

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Buyer(S) 1

Buyer

Wellpath

Nashville, Tennessee, United States

Category Company
Founded 2005
Sector Healthcare Services
DESCRIPTION

Wellpath is a provider of outsourced correctional and behavioral healthcare services to jail, prison and other behavioral care facilities. Born out of the joining of two great companies, Correct Care Solutions and Correctional Medical Group Companies, Wellpath has over 35 years of experience providing high-quality medical and behavioral care to often overlooked patient populations in challenging clinical environments. Wellpath provides localized, high-quality, compassionate healthcare to nearly 300,000 patients daily in more than 550 health clinics and hospitals. Wellpath was founded in 2005 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Correctional Healthcare Companies

Greenwood Village, Colorado, United States

CHC is an inmate healthcare management and community corrections services company, providing healthcare services to inmates and offenders in public and privately-managed county jails and state prisons across the United States.

Buy -