M&A Deal Summary

Wellpath Acquires Correctional Healthcare Companies

On October 1, 2018, Wellpath acquired healthcare services company Correctional Healthcare Companies from GTCR

Acquisition Highlights
  • This is Wellpath’s 2nd transaction in the Healthcare Services sector.
  • This is Wellpath’s 2nd transaction in the United States.
  • This is Wellpath’s 1st transaction in Colorado.

M&A Deal Summary

Date 2018-10-01
Target Correctional Healthcare Companies
Sector Healthcare Services
Buyer(s) Wellpath
Sellers(s) GTCR
Deal Type Add-on Acquisition

Target

Correctional Healthcare Companies

Greenwood Village, Colorado, United States
website
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.

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Buyer(S) 1

Buyer

Wellpath

Nashville, Tennessee, United States

website


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. Headquartered in Nashville, Tennessee, and maintaining a strong presence in San Diego, California, Wellpath provides localized, high-quality, compassionate healthcare to nearly 300,000 patients daily in more than 550 health clinics and hospitals across nearly 40 U.S. states and Australia.


DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-18 Conmed Healthcare Management

Hanover, Maryland, United States

Conmed Healthcare Management, Inc. is a provider of correctional health care services.

Buy $59M

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 71 of 84
Sector (Healthcare Services) 14 of 16
Type (Add-on Acquisition) 37 of 40
State (Colorado) 3 of 3
Country (United States) 68 of 81
Year (2018) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 Global Traffic Network

New York, New York, United States

Global Traffic Network is a global provider of outsourced information content to radio and television stations. In exchange for traffic, news and other information reports, the Company receives embedded advertising spots from radio and TV stations which it sells to a national advertiser base. Global Traffic Network operates core traffic operations in Australia, Canada and the UK and a mobile traffic and weather application in the United States and Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Ultimus Fund Solutions

Cincinnati, Ohio, United States

Ultimus Fund Solutions is an independent provider of fund accounting, fund administration, distribution, transfer agent and shareholder services to the mutual fund industry. The company's broad range of services is offered to both open-end and closed-end funds. Ultimus Fund Solutions is based in Cincinnati, Ohio.

Buy -