Investor Presentaiton
Case Study: Innovacare
Company Description:
Provides integrated health care
services through a portfolio of health
plans, medical service organisations
and clinical networks. Innovacare
operates Medicare advantage and
Medicaid plans in Puerto Rico and
Florida.
Deal Summary:
Investment
April 2020
Date
Investment
Thesis
✓ Strong competitive position
✓ Significant growth potential
✓ Attractive risk vs reward
Key NBPE
Themes
✓ Secular growth
Lead
Summit Partners
Investor
✓ Healthcare related
NBPE
Fair Value
$12 million
Percent of
Fair Value
0.9%
ESG
Characteristics
✓ Positive sustainability potential
✓ Facilitating healthcare delivery
✓ Incentivises high-quality care.
Highlights:
INNOVACARE
HEALTH
Strong GP
Partner
SUMMIT
PARTNERS
Competitive
Position
Covers more than 267,000 members
First 4.5 star quality rating in Puerto
Rico since 2017
•
.
2021
Announced Exit
Anthem, inc. acquiring Puerto
Rico subsidiary
NBPE retains its share in other
portions of the business
Note: Data as of 31 May 2021, unless otherwise noted. Past performance is not an indicator, guarantee or projection of future performance.
NEUBERGER BERMAN
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