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Kepro, Consonance Capital Partners Acquires APS Healthcare
Friday 08 May 2015

8 May 2015 – US-based quality improvement and healthcare management organisation Kepro, Inc., in partnership with healthcare private equity fund Consonance Capital Partners has acquired US-based healthcare services company APS Healthcare from Universal American, the companies said.

Terms of the deal were not disclosed.

Kepro said that the combination will enhance its ability to provide a comprehensive set of service offerings through an integrated approach to medical management an area that will continue to experience strong growth as a result of shifting reimbursement models and changing regulatory requirements.

APS Healthcare, headquartered in Mechanicsburg, Pensylvania, is a provider of specialty healthcare solutions. APS ofers customised, integrated healthcare solutions that help people engage in behaviors that optimise their health status.

Consonance Capital Partners invests in private companies in the lower middle market of the US healthcare industry with an emphasis on businesses driving efficiency, cost containment and high quality clinical care to patients.

Consonance Capital Partners founders, Mitchell Blutt, MD, Benjamin Edmands, Stephen McKenna, and Nancy-Ann DeParle, partnered together for over a decade while at JPMorgan Partners and its successor and predecessor entities, and have over 70 years of combined experience in private equity investing, primarily within healthcare.

Consonance Capital Partners participates in growth equity, leveraged buyout, and recapitalization transactions and is currently investing out of a USD 500m fund.

The private equity fund is associated with Consonance Capital Management, a healthcare-focused long/short public equity manager, and together Consonance Capital has over a bn dollars of assets under management.

Kepro offers outcomes-focused solutions to reduce the utilisation of healthcare resources and optimise quality of care for public and commercial clients.

Headquartered in Pennsylvania, Kepro also has offices in Florida, Minnesota, Ohio, Tennessee, Virginia, and Illinois. 

Consonance Capital Partners was advised by Latham and Watkins, LLP and Foley and Lardner LLP.
Date Published: 08/05/2015
Target: APS Healthcare
Country: USA
Sector: Healthcare
Type: Corporate acquisition
Status: Closed
Vendor: Universal American
Buyer: Kepro, Inc
Buyer Advisor: Latham and Watkins, LLP , Foley and Lardner LLP
Terms of the transaction were not disclosed