Investment Summary |
|
|---|---|
| Date | 2014-09-18 |
| Target | Matrix Medical Network |
| Sector | Healthcare Services |
| Investor(s) | ModivCare |
| Sellers(s) | Welsh Carson Anderson & Stowe |
| Deal Type | Add-on Acquisition |
| Deal Value | 400M USD |
| Advisor(s) | Triple Tree (Financial) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Healthcare Services |
| Employees | 23,675 |
| Revenue | 2.8B USD (2024) |
ModivCare provides and manages government-sponsored social services and non-emergency transportation services. Providence's counselors, social workers, and behavioral health professionals work clients who are eligible for government assistance due to income level, emotional/educational disabilities or court order. The state and local government agencies that fund the social services Providence provides are required by law to provide counseling, case management, foster care and other support services to eligible individuals and families. Providence also manages and arranges for client transport to health care related facilities and services for state or regional Medicaid agencies, health maintenance organizations, or HMOs, and commercial insurers. ModivCare was formed in 1996 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 7 |
| Sector: Healthcare Services M&A | 3 of 4 |
| Type: Add-on Acquisition M&A Deals | 3 of 5 |
| State: Arizona M&A | 1 of 1 |
| Country: United States M&A | 3 of 7 |
| Year: 2014 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-12-07 |
LogistiCare Solutions
Atlanta, Georgia, United States LogistiCare (Atlanta, GA) is a leader in the non-emergency medical transportation (NEMT) service sector. The company provides transportation services to governmental agencies and other human services organizations that are typically under cost pressures due to the increasing costs of healthcare and declining budgets. State Medicaid programs are required by federal regulation to provide recipients with access to and from medical encounters; however, states are often poorly equipped to efficiently and economically self perform and manage for this mission-critical transportation requirement. |
Buy | $220M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-03 |
Providence Human Services
Fredericksburg, Vermont, United States Providence Human Services LLC is a provider of accessible, high-quality, outcome-based behavioral/mental health and social services predominately through Medicaid programs and serves as an alternative to traditional higher-cost institutional care. |
Sell | - |
| 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 | 46 of 76 |
| Sector: Healthcare Services M&A | 15 of 26 |
| Type: Add-on Acquisition M&A Deals | 30 of 44 |
| State: Arizona M&A | 1 of 1 |
| Country: United States M&A | 45 of 73 |
| Year: 2014 M&A | 4 of 7 |
| Size (of disclosed) | 26 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-12 |
Flexential
Charlotte, North Carolina, United States Flexential is a hybrid IT infrastructure provider with a national footprint offering expertise in colocation, connectivity, cloud, and managed solutions. The company operates 40 data center facilities across 20 major domestic and international markets. Flexential serves 4,400 blue chip customers diversified across industries, geographies, and size with particular expertise in healthcare and SaaS. Flexential was founded in 2000 and is based in Charlotte, North Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-01 |
GlobalCollect BV
Hoofddorp, Netherlands GlobalCollect BV is a payment service provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. |
Sell | €820M |
