Tech Company M&A Transactions
Definity Health Acquisition
Definity Health, based in St. Louis Park, was purchased by UnitedHealth Group. UnitedHealth Group said the transaction price was $300 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/29/2004
Transaction Type
M&A
Amount
$300,000,000
M&A Terms
UnitedHealth Group (NYSE:UNH) has entered into a definitive agreement to acquire Definity Health Corporation (Definity Health), Under the terms of the merger agreement, Definity Health shareholders will receive approximately $300 million in cash for their shares. The transaction is expected to close in the fourth quarter of 2004, subject to Federal Trade Commission approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Definity Health projects 2005 revenues of approximately $100 million and is currently profitable. The merger will be slightly accretive to UnitedHealth Group earnings per share.
Company Information
Company Status
Acquired or Merged
Industry
Healthcare Services
Mailing Address
1600 Utica Avenue South 900
St. Louis Park, MN 55416
USA
St. Louis Park, MN 55416
USA
Phone
Website
Email Address
Not Recorded
Overview
Definity Health, a leading provider of consumer-driven health benefit programs, was founded in Minneapolis, Minnesota, in 1998 and is privately held.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tony Miller
Browse more venture capital transactions:
Prev: 11/29/2004: Virtutech venture capital transaction
Next: 11/30/2004: Metabolex venture capital transaction
Share this article
Where The Data Comes From
We document every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs