Transactions
June 16 2014
Health Advocate Acquired By West Corporation
Company Description
Health Advocate is the market leader in healthcare advocacy and navigation services, serving 40+ million Americans through over 9,000 employer and health plan clients. Its Core Advocacy service provides personal support for members on a wide range of healthcare and insurance related issues, covering everything from finding the right provider to explaining complex conditions. Health Advocate expanded upon its core service to offer a robust suite of population health and data analytics, all integrated with Core Advocacy to maximize solution effectiveness and engagement. Employers and health plans offer Health Advocate’s services as a benefit to increase employee productivity, lower costs, and improve health outcomes and engagement.
Objectives
Health Advocate engaged TripleTree to help evaluate and assess the Company’s strategic options. Recognizing the growing need for its services with the rise of consumerism in healthcare, Health Advocate sought a strategic partner with the vision and complementary capabilities to help Health Advocate take advantage of a rapidly growing market opportunity.
Results
After a targeted and customized process, West Corporation (NASDAQ: WSTC) emerged as the best fit for Health Advocate. West was attracted to Health Advocate’s impressive growth history, high value service, and healthcare knowledge. West has the technology and operational expertise to help Health Advocate scale efficiently while also providing a leading client base of employers, health plans, and healthcare providers. Additionally, West allows Health Advocate to maintain neutrality while taking advantage of all future opportunities across channels and markets.
LEAD INVESTMENT BANKERS
David Brownlie
Company Description
Health Advocate is the market leader in healthcare advocacy and navigation services, serving 40+ million Americans through over 9,000 employer and health plan clients. Its Core Advocacy service provides personal support for members on a wide range of healthcare and insurance related issues, covering everything from finding the right provider to explaining complex conditions. Health Advocate expanded upon its core service to offer a robust suite of population health and data analytics, all integrated with Core Advocacy to maximize solution effectiveness and engagement. Employers and health plans offer Health Advocate’s services as a benefit to increase employee productivity, lower costs, and improve health outcomes and engagement.
Objectives
Health Advocate engaged TripleTree to help evaluate and assess the Company’s strategic options. Recognizing the growing need for its services with the rise of consumerism in healthcare, Health Advocate sought a strategic partner with the vision and complementary capabilities to help Health Advocate take advantage of a rapidly growing market opportunity.
Results
After a targeted and customized process, West Corporation (NASDAQ: WSTC) emerged as the best fit for Health Advocate. West was attracted to Health Advocate’s impressive growth history, high value service, and healthcare knowledge. West has the technology and operational expertise to help Health Advocate scale efficiently while also providing a leading client base of employers, health plans, and healthcare providers. Additionally, West allows Health Advocate to maintain neutrality while taking advantage of all future opportunities across channels and markets.
LEAD INVESTMENT BANKERS
David Brownlie
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