M&A Deal Summary

UnitedHealth Acquires Preferred Care Partners

On February 28, 2012, UnitedHealth acquired healthcare services company Preferred Care Partners from Ferrer Freeman

Acquisition Highlights
  • This is UnitedHealth’s 4th transaction in the Healthcare Services sector.
  • This is UnitedHealth’s 10th transaction in the United States.
  • This is UnitedHealth’s 2nd transaction in Florida.

M&A Deal Summary

Date 2012-02-28
Target Preferred Care Partners
Sector Healthcare Services
Buyer(s) UnitedHealth
Sellers(s) Ferrer Freeman
Deal Type Add-on Acquisition

Target

Preferred Care Partners

Miami, Florida, United States
Preferred Care Partners is a provider of managed care services exclusively to Medicare members in South Florida.

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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 11 of 16
Sector (Healthcare Services) 4 of 7
Type (Add-on Acquisition) 9 of 12
State (Florida) 2 of 2
Country (United States) 10 of 14
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-28 Medica HealthCare Plans

Coral Gables, Florida, United States

Medica HealthCare is a health plan with a Medicare contract that offers Medicare Advantage Plans to all Medicare beneficiaries in Miami-Dade and Broward County, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 Amil Participações S.A.

Rio de Janeiro, Brazil

Amil Participações S.A. is a healthcare organization in Brazil, according to the Brazilian managed care regulator (ANS), currently assisting more than 5 million people in the states of São Paulo, Rio de Janeiro, Paraná, Minas Gerais, Pernambuco, Bahia, Rio Grande do Norte and the Distrito Federal. The Company is a provider network in the country, including over 44,000 physicians; 3,300 hospitals; 11,000 outpatient facilities; and 12,000 laboratories and diagnostic imaging centers.

Buy $4.9B

Seller(S) 1

SELLER

Ferrer Freeman

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Ferrer Freeman & Co. (FFC) is a private equity firm that invests exclusively in healthcare companies generating sales minimum $20 to $200 million. FFC also invests in clinical products and outsourcing/infrastructure businesses serving the healthcare sector. FFC looks to commit $10 to $40 million per transaction and focuses primarily on growth capital financings and build-ups. However, the Firm will also selectively fund buyouts as well. Ferrer Freeman & Co. LLC was formed in 1995 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 18 of 24
Sector (Healthcare Services) 8 of 11
Type (Add-on Acquisition) 13 of 15
State (Florida) 1 of 2
Country (United States) 18 of 24
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Ernest Health

Mechanicsburg, Pennsylvania, United States

Ernest Health is a developer and operator of inpatient rehabilitation and related post-acute healthcare services. The Company primarily focuses on development opportunities in the western and southwestern U.S. Ernest Health was founded in 2003 and is based in Mechanicsburg, Pennsylvania.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-14 Arcadia

Boston, Massachusetts, United States

Arcadia transforms diverse data into a unified fabric for health. Arcadia's platform delivers actionable insights for our customers to advance care and research, drive strategic growth, and achieve financial success. Arcadia was founded in 2002 and is based in Boston, Massachusetts.

Buy -