Jefferson Health has acquired Temple’s ownership interest of Health Partners Plan

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Jefferson Health
Health Partners Plans
Temple University
  
Our Role Buy-Side Advisor

Summary

Carsten Beith | Court Houseworth | Ted Kaehler

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.

Cain Brothers

Recent Deals

July 2022

 

$280 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

Debt Capital Markets

intralot-inc-
July 2022

Lofts on Main

$14.3 Million

Adaptive Reuse and New Construction

Construction

lofts-on-main
June 2022

 

$126.9 Million

Educational Facilities Revenue Bonds

Sole Manager

Debt Capital Markets

depauw-university
June 2022

has been acquired by

 

$30 Million

Asset-Based Revolving Credit Facility

Administrative Agent
Sole Lender

Debt Capital Markets

kksp-precision-machining-llc
June 2022


Series D Funding

led by

Morgan Stanley Expansion Capital

$140 Million

Exclusive Financial Advisor

Mergers & Acquisitions

platform-sh
June 2022

Darby Crossing

$74 Million

Construction and Private Placement Loan

Construction
Private Placement

darby-crossing
June 2022

the parent company of

AEP Transmission Company, LLC

$550 Million

Senior Notes

Joint Bookrunner

Debt Capital Markets

aep-transmission-company,-llc
May 2022

has received a strategic investment from

 

Exclusive Financial Advisor

Mergers & Acquisitions

valta-energy
May 2022

 

a portfolio company of

has been acquired by

 

Exclusive Sell-Side Advisor

Mergers & Acquisitions

thermogenics-inc-
May 2022

 

Tiburon Place

$53 Million

4% bond LIHTC and State Housing Equity

Construction

tiburon-place
May 2022

 

$500 Million

Senior Secured Credit Facility

Joint Bookrunner
Joint Lead Arranger

Debt Capital Markets

delaware-basin-resources-llc
May 2022

 

Cheshire Station

 

$17.6 Million

Acquisition

Lender

CMBS

cheshire-station
May 2022

ACG Portfolio-Oakland Glen MHC

ACG Portfolio-Clayton Acres MHC

$59.5 Million

Refinance

Lender

Fannie Mae

acg-portfolio
May 2022

 

Stonetown - North Pines

Stonetown - Country Meadows

$82 Million

Acquisition

Lender

Fannie Mae

stonetown-trinity-portfolio
May 2022

Sawgrass Point

$28.5 Million

Refinance

Lender

Fannie Mae

sawgrass-point
May 2022

 

Floorplan Inventory Financing and Commercial Real Estate Lending

Lender

Mergers & Acquisitions

great-falls-subaru
May 2022

a portfolio company of

has acquired

 

$545 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Bookrunner
Left Lead Arranger

Debt Capital Markets

congruex-group-llc
May 2022

 

$2.55 Billion

Senior Secured Credit Facilities

Co-Documentation Agent
Joint Lead Arranger

Debt Capital Markets

penn-national-gaming,-inc-
May 2022

 

$95 Million

Senior Secured Credit Facilities

Administrative Agent
Joint Lead Arranger
Sole Bookrunner

Debt Capital Markets

doyon-limited

Connect With Us

  • Social Share Icon
  • Social Share Icon
  • Social Share Icon

Find an Expert