Health Enterprise Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Health Enterprise Partners has acquired 1 company. It has also invested in 2 others.

Health Enterprise Partners’ most common sectors for investment arehealthcare services (44%) and information technology (20%) . The Firm’s most common investment types include growth capital (47%) and venture (24%). In total, Health Enterprise Partners has invested in 16 US states. Its largest (disclosed) acquisition occurred in 2008 when it acquired Passport Health Communications for $232M.

In the last 3 years, Health Enterprise Partners has exited 4 companies. The Firm’s most common exit type is trade sale (85%). Health Enterprise Partners’ largest (disclosed) exit occurred in 2013 when it sold Passport Health Communications for $850M.

Join Mergr to view Health Enterprise Partners’ full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity50
    • M&A Buy Activity30
    • M&A Sell Activity20
  • Total Sectors Invested 8
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 27
  • M&A Advisors 1

Health Enterprise Partners LP

565 Fifth Avenue, 26th Floor,
New York, New York 10017
United States
(212) 981-6901
www.hepfund.com
info@hepfund.com

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2006 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Healthcare Services, Information Technology, Internet Software and Services, Life Science, Medical Products, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.8/yr) # 26 1 2 1 - - 30
vol $427M $427M
Sell (1.2/yr) # 14 2 4 - - - 20
vol $1.2B $1.2B
  50

Most Recent M&A

Company Date Value Type
The InterMed Group 2023-01-05 - Secondary Buyout
Alachua, Florida · www.intermed1.com
Toney Healthcare Consulting 2022-11-14 - Stake Purchase
Tampa, Florida · www.toneyhealthcare.com
Payer Compass LLC 2022-08-01 - Add-on Acquisition
Plano, Texas · www.payercompass.com
Nordic Consulting Partners, Inc. 2022-06-11 - Add-on Acquisition
Madison, Wisconsin · www.nordicglobal.com
Jvion, Inc. 2022-05-31 - Add-on Acquisition
Johns Creek, Georgia · www.jvion.com
Proven Behavior Solutions LLC 2022-04-12 - Growth Capital
Norwell, Massachusetts · www.provenaba.com
CenterPointe Behavioral Health System LLC 2022-01-03 - Add-on Acquisition
Brentwood, Tennessee · www.centerpointebhs.com
Twistle, Inc. 2021-06-24 - Add-on Acquisition
Albuquerque, New Mexico · www.twistle.com
Axia Technologies LLC 2021-04-02 - Add-on Acquisition
Santa Barbara, California · www.axiamed.com
Aware Recovery Care 2021-01-29 - Growth Capital
Wallingford, Connecticut · www.awarerecoverycare.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 6 (50%) - 13 (43%) 427M (100%)
Information Technology 1 (8%) - 6 (20%) -
Internet Software and Services 1 (8%) - 4 (13%) -
Business Services 1 (8%) - 2 (7%) -
Software - - 2 (7%) -
Consumer Services 1 (8%) - 1 (3%) -
Distribution 1 (8%) - 1 (3%) -
Medical Products 1 (8%) - 1 (3%) -
Total 12 - 30 $427M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (100%) - 30 (100%) 427M (100%)
  Florida 2 (17%) - 4 (13%) 155M (36%)
  Texas 2 (17%) - 4 (13%) -
  Pennsylvania 1 (8%) - 3 (10%) -
  Connecticut 1 (8%) - 3 (10%) -
  Tennessee - - 3 (10%) 272M (64%)
  California 2 (17%) - 2 (7%) -
  Virginia 1 (8%) - 2 (7%) -
  Alabama 1 (8%) - 1 (3%) -
  North Carolina 1 (8%) - 1 (3%) -
  Massachusetts 1 (8%) - 1 (3%) -
  Arizona - - 1 (3%) -
  Wisconsin - - 1 (3%) -
  Washington - - 1 (3%) -
  New Mexico - - 1 (3%) -
  New Jersey - - 1 (3%) -
  Georgia - - 1 (3%) -
Total 12 - 30 $427M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 7 (58%) - 14 (47%) -
Venture 2 (17%) - 7 (23%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 4 (13%) 40M (9%)
Secondary Buyout 1 (8%) - 2 (7%) 232M (54%)
Going Private - - 1 (3%) 155M (36%)
Recapitalization - - 1 (3%) -
Stake Purchase 1 (8%) - 1 (3%) -
Total 12 - 30 $427M

Exits by Deal Type

Type Total # Value
Trade Sale 9 (45%) -
Trade Sale - Public Company 8 (40%) 1.2B (100%)
Secondary Sale 2 (10%) -
Unknown 1 (5%) -
Total 20 $1.2B

Top M&A Advisors

Legal Deals
McGuireWoods LLP
1

Deal Values

buy # Total
$100M to $1B 2 $387M
< $100M 1 $40M
TOTAL $427M
Largest Passport Health Communications, Inc.
$232M (2008-07-31)
sell # Total
$100M to $1B 3 $1.2B
TOTAL $1.2B
Largest Passport Health Communications, Inc.
$850M (2013-11-21)

M&A Connections

Deals
Acquired from
Investor(s)
10%
3 (10%)
Exited to
Investor(s)
10%
2 (10%)
Strategic(s)
85%
17 (85%)

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