MINNEAPOLIS – January 9, 2015 – TripleTree, LLC, a strategic advisor and merchant bank serving innovative and market-leading companies in healthcare, is pleased to announce that its client, LiveHealthier, has been acquired by Centene Corporation. LiveHealthier is a leading provider of technology and service-based health management solutions to large employers, unions and government organizations designed to foster positive and lasting health behaviors that drive down healthcare costs.
LiveHealthier will maintain its focus on the commercial market, accelerating the rate at which it introduces behavior-change innovations and offering tightly integrated health solutions—such as next-generation lifestyle and condition management, telehealth and triage services available through the Centene family.
“We are thrilled to join the Centene family. As the healthcare industry evolves, forward-looking companies, like Centene, are proactively engaging their members to keep the well well and ensure those facing chronic conditions have the tools and motivation they need to get and stay on track—an interest we all share,” said Mary Moslander, CEO of LiveHealthier. “TripleTree provided extremely valuable guidance and support. They helped us every step of the way to evaluate all the alternatives for our business, ultimately culminating in a transaction with Centene. TripleTree’s assistance in articulating the value of the LiveHealthier platform and the opportunities for the business in combination with Centene was invaluable.”
“LiveHealthier’s technology and engagement capabilities create a highly targeted and personalized consumer health experience,” said Jason Grais, TripleTree Senior Director. “As part of the Centene family, LiveHealthier will now have access to new populations of consumers to further improve the health of the individuals it serves.”
TripleTree acted as the exclusive financial advisor to LiveHealthier for this transaction.
About TripleTree
TripleTree is an independent merchant bank focused on mergers and acquisitions, financial restructuring, and principal investing services. Since 1997, the firm has advised and invested in some of the most innovative, high-growth businesses in healthcare. For more, visit www.triple-tree.com
About LiveHealthier Inc.
LiveHealthier is a leading provider of technology- and services-based health management solutions to large employers, unions and government organizations designed to foster positive and lasting health behaviors. Its comprehensive platform, products and services help organizations bring healthcare costs under control while boosting productivity, satisfaction and morale. With expertise serving clients across multiple industries, LiveHealthier’s programs have impacted the lives of more than one million consumers.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading multi-line healthcare enterprise that provides programs and services to government sponsored healthcare programs, focusing on under-insured and uninsured individuals. Many receive benefits provided under Medicaid, including the State Children's Health Insurance Program (CHIP), as well as Aged, Blind or Disabled (ABD), Foster Care and Long Term Care (LTC), in addition to other state-sponsored/hybrid programs, and Medicare (Special Needs Plans). The company operates local health plans and offers a range of health insurance solutions. It also contracts with other healthcare and commercial organizations to provide specialty services including behavioral health, care management software, correctional systems healthcare, in-home health services, life and health management, managed vision, pharmacy benefits management, specialty pharmacy and telehealth services.