Sale to Signify Health

Healthcare
Sale to Signify Health

Summary

Baird served as exclusive financial advisor to TAVHealth on this transaction

About

Triple Aim Ventures, LLC (d.b.a. as TAVHealth, or the “Company”), has been aquired by Signify Health (“Signify”), a portfolio company of New Mountain Capital (“New Mountain” or the “Firm”). Terms of the transaction were not disclosed.

TAVHealth improves health outcomes and quality of care by solving Social Determinants of Health (SDoH). The Company does this by building accountable and curated networks of community and health partners that use the secure TAVConnect platform to safely collaborate and coordinate social services. With more than nine years of experience and nearly three million people served, TAVHealth has proven methods for driving health, quality, and financial outcomes, the necessary ingredients of sustainable SDoH solutions. The Company is headquartered in San Antonio, Texas.

Signify Health is a leading provider of technology-enabled, in-home care and complex care management services. Signify Health partners with leading health plans, healthcare providers, biotechnology and pharmaceutical companies, and technology companies to improve quality of life by providing comprehensive care where and when it's needed most. With an innovative logistics and clinical workflow technology platform, exhaustive data set, and an unparalleled national clinical network, the company provides tech-enabled care services to vulnerable populations within the routine of their daily lives to improve health and quality of life. Signify Health serves well over one million health plan members each year, providing health risk evaluations, complex care management, outcomes-based pharma services, and specialized medical services in the home and other convenient locations. While in the home, Signify clinicians frequently identify SDOH needs, ranging from food insecurity, transportation issues, and other factors, capture them in Signify’s technology platform, and therefore enable case management referrals. The acquisition of TAVHealth adds a curated network of community-based organizations and the technology capabilities for Signify to directly manage these SDOH needs on behalf of its clients, creating a closed loop between identification of SDOH needs, enrollment into SDOH programs, and coordination of services to better manage and improve health outcomes for members. Signify Health is headquartered in Dallas, Texas, with locations in Virginia and South Dakota.

New Mountain Capital is an investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The Firm currently manages private equity, public equity, and credit funds with over $20 billion in aggregate capital commitments. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. The Firm is headquartered in New York, New York.
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Healthcare
Sale to Signify Health
Date
March 2019
Company
TAVHealth
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
North America

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