GTCR Exiting APS Healthcare
January 13, 2012- Share:
GTCR has agreed to sell APS Healthcare to Universal American (NYSE: UAM) in a stock and cash deal valued at approximately $227.5 million. The deal for the specialty healthcare provider includes $147.5 million of cash to repay outstanding indebtedness, $80 million in Universal American common stock and a $50 million contingent payout. Post close, GTCR will own between 7% and 9% of Universal's stock and also be granted the right to appoint one member of the company's board.
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