GTCR Sells APS Healthcare to Universal American
March 5, 2012- Share:
GTCR has sold APS Healthcare to Universal American (NYSE: UAM) for $227.4 million. APS provides specialty healthcare solutions primarily to Medicaid agencies. The purchase price for the transaction consists of approximately $150.5 million in cash and approximately $77 million in Universal American stock, plus up to $50 million in potential performance based consideration. Universal American's investors include Lee Equity Partners, Perry Capital, Capital Z Partners and Welsh, Carson, Anderson & Stowe.
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