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TripleTree Announces Centene Acquisition of Cardium Health
Acquisition of disease management firm advances comprehensive population health management model
May, 2006 | Minneapolis, MN |
TripleTree, LLC announced that Cardium Health, a leading provider of health improvement and disease management programs to self-insured employers and benefit plan sponsors, was acquired by Centene Corporation (NYSE: CNC) through its specialty company subsidiary CenCorp Health Solutions, Inc. Centene, a leading multi-line healthcare enterprise is a provider of programs to organizations and individuals receiving benefits through government-subsidized programs and specialty services such as disease management.
TripleTree, LLC, a research-based investment banking firm, acted as the financial advisor to Cardium Health in this transaction. Since the release of its groundbreaking research paper on Health & Wellness last fall, TripleTree has established its position as a thought leader in this sector. “We ultimately chose TripleTree as our advisor due to their extensive knowledge of our industry and shared belief in our vision of integrated population health management,” said Cardium Health President & CEO Dan Cave.
With healthcare costs rising faster than the rate of inflation, the health management sector is undergoing profound marketplace transformation, bringing greater consumerism to healthcare access and delivery of services.
As a leading disease management company since the late 1990s, Cardium Health provides high-touch one-on-one health coaching to individuals with diagnosed chronic disease and high-risk conditions. The Company’s condition-specific health coaches provide clinical and motivational support.
Matt Scholl , Senior Associate with TripleTree and the transaction team lead says that Cardium’s high-touch focus is a real differentiator in the disease management space, “Cardium’s unique ability to integrate various aspects of care management, disease management, health and wellness and behavioral health will be a key asset to CenCorp.”
To review the Cardium Case Study, please go to the Engagements section of our website or click here.
TripleTree, LLC is a research-based investment bank serving growth companies, investors and global acquirers. TripleTree conducts proprietary research that guides our work in M&A, growth capital and financial advisory services. Our value-based approach benefits technology-enabled businesses in sectors where delivery models are converging technology and services, and all sectors where CEO’s and investors are in search of creative ways to disrupt markets and unleash value.
TripleTree’s unique personality is shaped by the experience of our principals who as former business builders and transaction professionals create strategic outcomes that maximize value for our clients. The firm is located in Minneapolis. |
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