NEW YORK, March 11, 2016 /PRNewswire/ -- Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to The Management Group, Inc. (TMG) in its sale to Magellan Health, Inc.
Founded in 1986 and headquartered in Madison, Wisconsin, TMG is a leading provider of consumer-directed home and community-based, long-term care services. TMG's model of self-directed care engages consumers, integrating long-term care and community services to support better health and life outcomes. Magellan Health plans to leverage TMG's capabilities as it seeks to expand its presence in managed long-term services and supports.
"Deloitte Corporate Finance's market insights and understanding of our business were critical in finding the right partner to help TMG grow and expand its services into new markets. It was a pleasure working with the team. Their sound and strategic advice each step along the way were essential to our success," said Amie Goldman, chief executive officer, The Management Group.
"It has been a pleasure to work with the management team at TMG on its transaction with Magellan Health," said Simon Gisby, managing director, Deloitte Corporate Finance LLC. "We are delighted to help TMG expand its footprint in managing the long-term care of complex populations to a national level."
About The Management Group, Inc.
Based in Madison, Wisconsin, The Management Group (TMG) is a provider of consumer directed community-based long-term care services and Medicaid home and community based waiver quality assurance and improvement services. TMG currently supports nearly 13,000 individuals in Wisconsin through the state's Include, Respect I Self-Direct (IRIS) program, which serves adults with physical disabilities, adults with developmental disabilities and frail elders with a special focus on self-directed long-term services. For more information, visit www.tmgwisconsin.com.
About Magellan Health: Headquartered in Scottsdale, Ariz., Magellan Health, Inc. is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan develops innovative solutions that combine advanced analytics, agile technology and clinical excellence to drive better decision making, positively impact health outcomes and optimize the cost of care for the members we serve — all within a customer-first culture. Magellan's customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
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