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Health Network One, An H.I.G. Capital Portfolio Company, Acquires Premier Eye Care

Jan 04, 2023over 2 years ago

Acquiring Company

Health Network One

Acquired Company

Premier Eye Care

Fort LauderdaleHealth CareMedicalHealth Care

Description

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $53 billion of equity capital under management, is pleased to announce that its portfolio company, Health Network One, has acquired Premier Eye Care, Inc. (“Premier” or the “Company”).

Company Information

Company

Health Network One

Location

Fort Lauderdale, Florida, United States

About

Health Network One and its affiliates are a specialty benefit manager for multiple specialties, including Physical, Occupational, and Speech Therapy; Dermatology; Vision and Ophthalmology; Podiatry; Gastroenterology; and Urology. Through its value-based solutions, it partners with industry-leading health insurance companies to provide care to over 5 million members. Through its robust network of over 10,000 providers, Health Network One serves as a single point of contact for its customers, and provides their members convenient access to qualified medical specialists. In addition to its comprehensive provider network, the business offers various administrative services including utilization management, claims management, and credentialing to help reduce the administrative workload and improve quality. Health Network One is NCQA-accredited and HITRUST-certified. Health Network One was founded in 1999 and is based in Ft. Lauderdale, Florida with offices throughout the U.S. For more information, please visit www.healthnetworkone.com.

DealWatch™ Score

65
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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