Deal Summary
McColl Partners served as financial advisor to Altius Health Plans, Inc. (Altius), a privately owned, Utah-based, commercial-only health plan, on its sale to Coventry Health Care, Inc. (Coventry), a managed health care company operating health plans, insurance companies, and provider networks under a variety of names on a national basis. Dave Vorhoff and Lorin DeMordaunt led McColl Partners’ execution of this transaction and were supported by Nick Barto and Rich Jones.

Altius’ strength in the Utah market as a provider of cost-effective and innovative health plans adds significant value to Coventry as it continues on its national expansion. The acquisition of Altius will enhance Coventry’s position in the Rocky Mountain region and provide it with a platform from which to grow operations.

About Altius
Altius, headquartered in Salt Lake City, Utah, is a privately owned, Utah-based, commercial-only health plan with total membership of approximately 160,000 consisting of 116,000 risk and 44,000 non-risk members and annual revenues of approximately $235 million. Altius is the largest for-profit, managed care company in Utah.

About McColl Partners
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle market companies. With significant experience working with entrepreneurs, family-owned businesses, public companies, private equity groups, and divisions of larger companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

To learn more about our expertise in health care services in general and the managed care segment in particular, please call Dave Vorhoff or Lorin DeMordaunt at 704-333-0525. More information about McColl Partners can be found at www.mccollpartners.com.