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New Deal


Announced

Point32Health to acquire Health New England from Baystate Health.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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health insurance

Health Care Services

Acquisition

Domestic

Single Bidder

United States

Majority

Private

Pending

Friendly

Synopsis

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Point32Health, a not-for-profit health and well-being company, agreed to acquire Health New England, a health insurance agency, from Baystate Health, a healthcare company. Financial terms were not disclosed. “Preserving and enhancing strong, high-quality, not-for-profit health plans is critical for Massachusetts health care. We are excited at the possibility of welcoming Health New England into the Point32Health family of companies. As two health plans that serve commercial, Medicaid and Medicare populations in Massachusetts, we have the shared commitment and expertise to serve people of all socioeconomic backgrounds, especially the underserved, and to improve members’ quality of life through programs and services that improve whole person health,” Cain A. Hayes, Point32Health President and CEO.

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