Jefferson Health has acquired Temple’s ownership interest of Health Partners Plan
|Deal Type||Mergers & Acquisitions|
|Client & Transactional Partners||
Health Partners Plans
|Our Role||Buy-Side Advisor|
Jefferson Health has completed its acquisition of Temple’s ownership interest of Health Partners Plans, a not-for-profit health maintenance organization headquartered in Southeastern Pennsylvania. This ownership interest represents a significant step forward for Jefferson, allowing the company to advance its value-based care model while reducing costs of healthcare services, particularly to underserved patients and families of the Greater Philadelphia region.
Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor to Jefferson Health, and highlights Cain Brothers’ deep expertise in the payor and provider space.
HPP was previously owned by a consortium of area hospitals, including Einstein Health Network and Temple Health. Temple agreed to sell its 50% ownership interest stake to Jefferson in 2019. Temple will continue to participate as a critical provider within the HPP network.
Jefferson, home of the Sidney Kimmel Medical College, dates back to 1824 and today comprises 10 colleges and four schools offering 160 undergraduate programs to more than 8,200 students. Jefferson is reimagining health care and education to create unparalleled value, throughout the greater Philadelphia and southern New Jersey region. Jefferson Health serves patients through millions of encounters each year at 18 hospitals and numerous outpatient and urgent care locations.
HPP provides CHIP, Medicare Advantage and Dual Eligible Special Needs plans, and a nationally recognized Medicaid plan. The company currently serves nearly 290,000 people across Berks, Bucks, Carbon, Chester, Dauphin, Delaware, Lancaster, Lebanon, Lehigh, Montgomery, Northampton, Perry and Philadelphia counties.