Indiana Health Network Acquired by Great-West
Scott-Macon Healthcare Group serves as financial advisor to IHN, Inc in sale transactionAugust 2010
Great-West Life and Annuity Insurance Company, a subsidiary of Great-West Lifeco Inc., announced the acquisition of all the outstanding shares of Indiana Health Network (IHN). Scott-Macon’s Healthcare Industry Group served as the exclusive financial advisor to Indiana Health Network in this sale transaction.
Great-West Life & Annuity’s healthcare division, Great-West Healthcare, will gain nearly 75,000 members from this transaction. Great-West Healthcare has a network across the U.S. of more than 4,250 hospitals and 550,000 providers and provides healthcare services to 2 million people.
About Indiana Health Network
IHN, Inc, acts as a Workers’ Compensation Preferred Provider Organization (PPO) with Primary Network services in Indiana and Nevada, as well as portions of Kentucky, Ohio, Michigan, and Illinois. IHN, Inc. encompasses thousands of healthcare providers who have agreed to prearranged cost levels for work comp services rendered to covered members.
About Scott-Macon’s Healthcare Group and M&A Services
Led by Nathan D. Cortright, the Healthcare, Medical & Pharmaceutical Group has completed over 170 mergers and acquisitions and financing transactions with an aggregate value exceeding $5 billion. Scott-Macon’s professionals have completed mergers and acquisitions with companies from all segments of the industry including domestic and international privately-held businesses, mutual and not-for-profit organizations, publicly-traded companies, and private equity firms.
In addition to the outright sale of a company or business unit, Scott-Macon’s M&A professionals have experience in a wide range of shareholder and liquidity-driven transactions. Scott-Macon professionals have considerable experience assisting clients in acquiring businesses, either as stand-alone acquisitions or for integration into existing client operations. Our clients have ranged from large global corporations looking to expand their existing operations to private equity funds seeking to build a new or existing portfolio investment.