M&A Deal Summary

UnitedHealth Acquires Landmark Health

On April 24, 2021, UnitedHealth acquired healthcare services company Landmark Health from General Atlantic

Acquisition Highlights
  • This is UnitedHealth’s 7th transaction in the Healthcare Services sector.
  • This is UnitedHealth’s 14th transaction in the United States.
  • This is UnitedHealth’s 2nd transaction in California.

M&A Deal Summary

Date 2021-04-24
Target Landmark Health
Sector Healthcare Services
Buyer(s) UnitedHealth
Sellers(s) General Atlantic
Deal Type Add-on Acquisition

Target

Landmark Health

Huntington Beach, California, United States
Landmark Health is a risk-bearing provider of in-home healthcare services to high risk, polychronic patients. Landmark Health was founded in 2013 and is based in Huntington Beach, California.

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Buyer(S) 1

Buyer

UnitedHealth

Minnetonka, Minnesota, United States

Category Company
Founded 1974
Sector Healthcare Services
Employees440,000
Revenue 371.6B USD (2023)
DESCRIPTION
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.
UnitedHealth Group's corporate headquarters in Minnetonka, Minnesota.

UnitedHealth is a diversified healthcare company. With a suite of health benefits and services, the company serves millions of individuals, employers, and government organizations. UnitedHealth operates through two primary businesses: UnitedHealthcare, which offers a range of health insurance plans and services, and Optum, which provides healthcare solutions focused on improving healthcare delivery, affordability, and outcomes. Through its network of healthcare providers, advanced analytics, and technology-driven solutions, UnitedHealth looks to make healthcare more accessible, efficient, and patient-centered, ultimately transforming the way healthcare is delivered and experienced. UnitedHealth was formed in 1974 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 16 of 16
Sector (Healthcare Services) 7 of 7
Type (Add-on Acquisition) 12 of 12
State (California) 2 of 2
Country (United States) 14 of 14
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 Equian

Indianapolis, Indiana, United States

Equian LLC is a healthcare information services company focused on lowering the cost of care by eliminating waste. Equian was founded in 1987 and is based in Indianapolis, Indiana.

Buy $3.2B

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 126 of 145
Sector (Healthcare Services) 7 of 9
Type (Add-on Acquisition) 40 of 43
State (California) 19 of 21
Country (United States) 64 of 75
Year (2021) 7 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Alkami

Plano, Texas, United States

Alkami provides online and mobile banking solutions for financial institutions in the US. Based in Plano, Texas, the company’s cloud-based digital banking platform delivers unparalleled functionality, security, flexibility, and extensibility with a superior architecture designed for the future of digital banking. With its modern interface, fully hosted business intelligence solution, and customizable feature set, the platform is the ultimate digital banking solution for financial institutions. Alkami was founded in 2009 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Vida

San Francisco, California, United States

Vida is a virtual care platform intentionally designed to treat a person’s whole health by treating mental and physical conditions, together. Vida’s clinically validated approach combines an AI-powered, personalized experience with the support and human connection of coaches and therapists. Vida was founded in 2014 and is based in San Francisco, California.

Buy -