Transactions
September 2 2015
Integra Partners Has Been Acquired By Tufts Health Plan
Company Description
Integra Partners is a leading, technology-enabled, cost containment platform serving the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (“DMEPOS”) market. The Company provides a broad set of network and benefit management solutions to more than 50 payers across multiple states. Integra serves more than 15 million lives across complex, high-cost patient populations, including managed government programs and commercial health plans. The Company has a national network of provider locations to meet plan members’ diverse DMEPOS needs.
Objectives
TripleTree was engaged by Integra to evaluate its strategic alternatives and pursue either a majority recapitalization with a financial sponsor or a sale to a strategic acquirer that would recognize the unique value proposition Integra delivers. Integra’s shareholders and management team were looking for a partner that shared the Company’s vision for the future of the business and would help drive the Company’s continued growth.
Results
The Company received tremendous interest from a broad set of financial and strategic buyers that valued the historical performance and future prospects of the business. Tufts Health Plan, an operator of commercial and government-sponsored health plans in Massachusetts and Rhode Island, positioned itself as an early front runner, expressing significant appreciation for Integra’s capabilities and demonstrating a strong interest in leveraging Tufts Health Plan’s resources to support Integra’s growth plan, as well as expand its solutions to meet additional market needs.
LEAD INVESTMENT BANKERS
Jonathan Hill
Company Description
Integra Partners is a leading, technology-enabled, cost containment platform serving the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (“DMEPOS”) market. The Company provides a broad set of network and benefit management solutions to more than 50 payers across multiple states. Integra serves more than 15 million lives across complex, high-cost patient populations, including managed government programs and commercial health plans. The Company has a national network of provider locations to meet plan members’ diverse DMEPOS needs.
Objectives
TripleTree was engaged by Integra to evaluate its strategic alternatives and pursue either a majority recapitalization with a financial sponsor or a sale to a strategic acquirer that would recognize the unique value proposition Integra delivers. Integra’s shareholders and management team were looking for a partner that shared the Company’s vision for the future of the business and would help drive the Company’s continued growth.
Results
The Company received tremendous interest from a broad set of financial and strategic buyers that valued the historical performance and future prospects of the business. Tufts Health Plan, an operator of commercial and government-sponsored health plans in Massachusetts and Rhode Island, positioned itself as an early front runner, expressing significant appreciation for Integra’s capabilities and demonstrating a strong interest in leveraging Tufts Health Plan’s resources to support Integra’s growth plan, as well as expand its solutions to meet additional market needs.
LEAD INVESTMENT BANKERS
Jonathan Hill
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