Heartland Physician’s Health Network | SALE

Heartland Physician’s Health Network | SALE

 In
1
0
Engagement
Sale

A larger, strategic healthcare plan acquired Frontier’s client, a niche healthcare plan

CLIENT

HPHN was the exclusive network of physicians in Kansas providing medical care for patients of the State’s Medicaid program through an agreement with FirstGuard Health Plan Kansas, Inc. (FirstGuard Kansas). FirstGuard Kansas is one of the primary operating subsidiaries of First Guard, Inc. (FirstGuard Health Plan).

SITUATION

In connection with FirstGuard Health Plan’s contemplated sale to Centene, FirstGuard Kansas was seeking to repurchase the minority position in its company owned by HPHN. HPHN needed financial and strategic advice regarding the proposed transactions and, if the transactions were to be consummated, a fairness opinion for its Board of Directors regarding the transactions.

RESULTS

In connection with its sale of its ownership of FirstGuard Kansas and FirstGuard Health Plan’s sale to Centene for $93 million, Frontier provided strategic and financial advice and delivered the fairness opinion under a tight deadline, facilitating consummation of the transactions and an extremely positive outcome for HPHN and its stockholders.

Related Transactions

Fire Door Solutions sells to Lincolnshire Management’s portfolio company, Barrier Compliance Services

SkyMark Refuelers, Flowmark, and Railtrucks recapitalized with Sky Island Capital

Safari Belting sold to Chiorino, S.P.A., a world leader in conveyor and material process systems

Stern Williams sold to Prier Products

Ameri-Pac Inc. sold to Wilbur-Ellis

MCC Electronics Company sold to Pivot International

Mid-States Supply Company Inc. was acquired by Staple Street Capital

Western Container sold to Americraft Carton, Inc

MidState Reclamation & Trucking partnered with Stone Arch Capital through a recapitalization

360 Energy Engineers was acquired by Willdan Group, Inc.(NASDAQ:WLDN)

TradeWind Energy’s Rocky Ridge Subsidiary sold to Enel Green Power, North America

Sold to LML Capital & Achieved its Unique Sales Proceeds Distribution Objective

An Organic Food Processing Company (name withheld at client’s request).

Sold to a Discovery Behavioral Health

Patient Resources was sold to a Preeminent Digital Fulfillment Company

Regional Leader in the Home Healthcare Industry acquired by a Strategic Buyer

Avascend was acquired by Towne Park, a portfolio company of Camden Partners and HarbourVest

DataCore Marketing was acquired by Subsidiaries of WPP Group, the world’s largest advertising and marketing group (NYSE: WPP)

Turnkey Provider of Direct Mail Marketing Solutions was sold to a Niche-Market Leading Strategic Buyer

Beacon Industries sold to OmnicomGroup (NYSE: OMC)

Sun Graphics, Inc. sold to a private investor group

Innovative Marketing Strategies, Inc. sold to EPIXTAR

Empire Candle, LLC sold to Langley Candle Company

AutoVista sold to Automatic Data Processing, Inc. (Nasdaq: ADP)

Lakin Enterprises, Inc. Professional Builders sold to Oppliger Banking Systems

wesleymikel