Transactions
May 2008
Whole Health Acquired By Walgreens
Company Description
Since 1981, Whole Health Management has provided comprehensive health services through the operation of on-site health and wellness clinics for large, self-insured employers. The Company’s integrated solutions include primary/urgent care, health risk and disease management, occupational health, preventive care, physical therapy, and pharmacy services. Whole Health clinics deliver significant savings to corporations through lower healthcare costs and increased productivity. The Company currently serves more than 320,000 employees and dependents across many large corporations and Fortune 500 companies.
Objectives
TripleTree was retained by Whole Health to engage in a select number of discussions with potential acquirers that were deemed to be highly strategic and synergistic with the Company’s integrated approach to on-site care. The Company leveraged TripleTree’s expertise in healthcare services to position Whole Health as the ideal platform for a comprehensive health management solution. In collaboration with the Whole Health team, TripleTree helped demonstrate how an on-site presence could serve as an integrated health services “hub,” providing a single source solution for an employee’s health and well-being. Further, TripleTree illustrated how the combined business would have a synergistic impact on both Whole Health and the potential acquirer’s core assets.
Results
Whole Health Management was ultimately acquired by Walgreens, the nation’s largest drugstore chain. Walgreens completed the transaction in conjunction with its acquisition of I-trax, parent company of CDH Meridian Healthcare. Whole Health’s on-site presence offers Walgreens an ability to introduce preventative services at an earlier point in the healthcare continuum for improved health outcomes and potential cost avoidance. In combination with Walgreens’ Take Care retail clinics, the Company also has a unique opportunity to aggregate patient data across multiple consumer touch points and actively manage health through continuous care.
LEAD INVESTMENT BANKERS
David Brownlie
Company Description
Since 1981, Whole Health Management has provided comprehensive health services through the operation of on-site health and wellness clinics for large, self-insured employers. The Company’s integrated solutions include primary/urgent care, health risk and disease management, occupational health, preventive care, physical therapy, and pharmacy services. Whole Health clinics deliver significant savings to corporations through lower healthcare costs and increased productivity. The Company currently serves more than 320,000 employees and dependents across many large corporations and Fortune 500 companies.
Objectives
TripleTree was retained by Whole Health to engage in a select number of discussions with potential acquirers that were deemed to be highly strategic and synergistic with the Company’s integrated approach to on-site care. The Company leveraged TripleTree’s expertise in healthcare services to position Whole Health as the ideal platform for a comprehensive health management solution. In collaboration with the Whole Health team, TripleTree helped demonstrate how an on-site presence could serve as an integrated health services “hub,” providing a single source solution for an employee’s health and well-being. Further, TripleTree illustrated how the combined business would have a synergistic impact on both Whole Health and the potential acquirer’s core assets.
Results
Whole Health Management was ultimately acquired by Walgreens, the nation’s largest drugstore chain. Walgreens completed the transaction in conjunction with its acquisition of I-trax, parent company of CDH Meridian Healthcare. Whole Health’s on-site presence offers Walgreens an ability to introduce preventative services at an earlier point in the healthcare continuum for improved health outcomes and potential cost avoidance. In combination with Walgreens’ Take Care retail clinics, the Company also has a unique opportunity to aggregate patient data across multiple consumer touch points and actively manage health through continuous care.
LEAD INVESTMENT BANKERS
David Brownlie
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