M&A Deal Summary

Trusted Health Plan Acquires Harbor Health Plan

On February 28, 2017, Trusted Health Plan acquired healthcare services company Harbor Health Plan from Tenet Health

Acquisition Highlights
  • This is Trusted Health Plan’s 1st transaction in the Healthcare Services sector.
  • This is Trusted Health Plan’s 1st transaction in the United States.
  • This is Trusted Health Plan’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-02-28
Target Harbor Health Plan
Sector Healthcare Services
Buyer(s) Trusted Health Plan
Sellers(s) Tenet Health
Deal Type Divestiture

Target

Harbor Health Plan

Detroit, Michigan, United States
website
Harbor Health Plan, Inc. is a provider of healthcare serives. The company plans include building brick and mortar Wellness Centers in Wayne, Oakland, and Macomb counties to improve member health outcomes, and establishing value-based contracts with providers. The Wellness Centers will focus on enhancing its members' health status through on-site nurse case management and care coordination, physical fitness activities, and health education.

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Buyer(S) 1

Buyer

Trusted Health Plan

Washington, District of Columbia, United States

website

Category Company
Sector Healthcare Services
DESCRIPTION

Trusted Health Plan is a high-performing managed care organization serving enrollees of the DC Healthy Families Medicaid Program and the DC Healthcare Alliance Program. In operation since 2013, Trusted now manages the care of over 34,000 enrollees, and employs over 125 full-time employees. Trusted was the first Medicaid managed care organization in D.C. to introduce Wellness Centers, giving enrollees access to face-to-face health education, case management, and nutritional counseling in centers located in Wards 4, 7, and 8. Trusted Health Plan is based in Washington, D.C.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Trusted HP

Detroit, Michigan, United States

Trusted HP specializes in affordable Managed Care Services for families located in Detroit, Wayne County, Oakland County, and Macomb County, Michigan.

Sell -

Seller(S) 1

SELLER

Tenet Health

Dallas, Texas, United States

website

Category Company
Founded 1967
Sector Healthcare Services
Employees85,800
Revenue 19.2B USD (2022)
DESCRIPTION

Tenet Health is a provider of health care services company, through its subsidiaries operates 77 hospitals, 187 outpatient centers, and Conifer Health Solutions, a provider in business process solutions for health care providers serving more than 700 hospital and other clients nationwide. Tenet’s hospitals and related health care facilities are committed to providing high-quality care to patients in the communities they serve. Tenet Health was founded in 1967 and is based in Dallas, Texas.

DEAL STATS #
Overall 7 of 10
Sector (Healthcare Services) 7 of 10
Type (Divestiture) 7 of 10
State (Michigan) 1 of 1
Country (United States) 6 of 9
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Tenet Healthcare - Atlanta-Area Hospitals & Related Operations

Dallas, Texas, United States

Tenet Healthcare - Atlanta-Area Hospitals & Related Operations comprises hospitals and related facilities. The asset is located in the United States.

Sell $575M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Tenet Healthcare - Three Houston Hospitals

Houston, United States

Tenet Healthcare - Three Houston Hospitals includes 423-bed Houston Northwest Medical Center, 181-bed Cypress Fairbanks Medical Center Hospital and 444-bed Park Plaza Hospital.

Sell -
Mergr

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