Kinderhook Industries and Mansa Capital-backed E4 Health Acquires Wellness Corp.
Kinderhook Industries, LLC and Mansa Capital, LLC announced the acquisition of Wellness Corporation by E4 Health, Inc., a Kinderhook and Mansa portfolio company. The deal represents the 17th and 14th healthcare services transactions completed by Kinderhook and Mansa, respectively, and the third add-on acquisition for E4 Health. Financial terms of the transaction were not disclosed.
Based in Dallas, TX, E4 Health is a leading provider of employee assistance programs (EAP) and behavioral health risk management programs. E4 Health provides a full range of total health management solutions on a single integrated platform – E4HealthMap – delivering best-in-class EAP, behavioral health, and wellness services.
Headquartered in Shrewsbury, MA, Wellness Corporation is a leading provider of employee assistance programs and post-secondary education counseling and coaching. These services include Employee Assistance Programs, Student and Graduate Student Assistance Programs, Organizational Development Services, Professional Development Training, Wellness and Work/Life Programs.
“Wellness is recognized as a leader in employee and student assistance and shares our commitment to quality outcomes,” said Bill Mulcahy, CEO of E4 Health. “In addition to strengthening our core EAP offerings, Wellness has strong relationships throughout the post-secondary education market that complement the services we offer through our subsidiary Student Resources. We look forward to collaborating with the team at Wellness to create an innovative solution that supports our goals for creating greater long-term value for our customers.”
“This is an exciting opportunity to bring together two companies that will complement each other to provide an exceptional platform to meet the growing demands of our customers and the market to bend the cost curve of healthcare,” said Chris Michalik, Managing Director at Kinderhook Industries. “We look forward to better serving our customers with the expanded resources of the combined company.”
Ruben King-Shaw, Jr., Managing Director of Mansa Capital, stated that, “The addition of Wellness Corporation, with its strong cultural values and long-standing reputation for superior EAP service, reinforces E4’s unique position as the market leading EAP provider. Wellness is a great addition to E4’s outcome based strategy.”
Kirkland and Ellis served as legal counsel to E4 Health.
About Kinderhook Industries
Founded in 2003, Kinderhook Industries is a private equity firm with $770 million of committed capital and an investment philosophy based on combining senior management and operating experience in a variety of industries with the financial and investment know-how of private equity professionals. Kinderhook primarily makes control investments in companies in which the firm can achieve significant financial, operational and growth improvements. The firm targets orphaned non-core subsidiaries of corporate parents, existing small capitalization public companies lacking institutional support and management-led recapitalizations of entrepreneur-owned companies. By providing access to capital, strategic advice and an extensive network of relationships, Kinderhook Industries has a history of successfully building privately held firms in partnership with management. For more information please visit: http://www.kinderhook.com
About Mansa Capital
Mansa Capital is a health care private equity investment firm specializing in high growth companies in the health care services and health care technology sectors. Mansa focuses on companies as they prepare for expansion, acquisition, privatization or IPO. The firm integrates strong expertise in health care policy, regulation, and reimbursement with vast experience in health care operations, marketing, finance, and medical administration. Mansa makes equity investments in operating companies with enterprise values up to $150 million. The firm builds shareholder value by working with management to implement strategic initiatives that grow top-line revenues. Mansa has offices in Boston, MA, Miami, FL, and Dallas, TX. For more information please visit: http://www.mansaequity.com
About E4 Health, Inc.
E4 Health is committed to providing behaviorally based services that empower individuals and thus enable corporations to thrive. Delivering best-in-class EAP, Behavioral Health, and Wellness services on a single integrated platform – E4HealthMap – E4 Health provides a full range of total health management solutions. For more information please visit: http://www.e4healthinc.com.