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Whole Health Management is Acquired by Walgreens
Merger creates important strategic move in the healthcare industry
April, 2008 | Minneapolis |
TripleTree, LLC is pleased to announce that Whole Health Management has been 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. The acquisition of these two leading providers of worksite health centers allows Walgreens to extend beyond its retail presence and offer patients seamless access to quality care near their homes and at work. Walgreens also announced the creation of a new Health & Wellness division to manage this growing network of more than 500 retail clinics and health centers. TripleTree acted as the exclusive financial advisor to Whole Health Management.
Whole Health Management is a leading provider of on-site and near-site employer sponsored clinics, health and wellness centers, and pharmacies in the United States. A private company founded in the early 1980s, Whole Health clinics deliver significant savings to corporations through lower healthcare costs, increased productivity, reduced employee sick time, and decreased pharmacy costs. Upon closing of the transactions, the combined entity will have more than 500 worksite and retail health centers in 40 states, including its Take Care Health Clinics, providing patients with greater access to quality, affordable and convenient healthcare near their homes.
"The entire team at Whole Health is excited about this merger and the opportunities it provides," said James Hummer, founder, President and CEO of Whole Health Management. "The combination of talent, resources and services in this partnership will transform the healthcare industry. It will allow us to offer greatly enhanced access to care, a broad scope of health and wellness services and a highly integrated technology platform, all while maintaining and assuring the highest quality care."
About Whole Health Management
Since 1981, Whole Health has provided comprehensive and integrated occupational health, preventive care, urgent and primary care, physical therapy, fitness programs, health risk and disease management, health coaching and behavioral health counseling to corporate employees and their families. Whole Health clinics deliver significant savings to corporations through lower healthcare costs, increased productivity, reduced employee sick time and decreased pharmacy costs. Whole Health currently serves more than 300,000 employees and in many case, spouses and dependents, at 69 sites, including many large corporations and Fortune 500 companies. For more information about Whole Health, visit www.wholehealthnet.com
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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