Mansa Capital News
Mansa Capital Invests $3.5 Million in E4 Health, Inc.
Boston PE firm specializing in growth equity investments in healthcare technology/services companies leads second round investment in E4 Health to enable its recent acquisition of Corporate Family Network; Firm to guide growth phase of company in concert with management team and partner, Kinderhook
BOSTON, MA – February 20, 2013—Mansa Capital Management, LLC, a private equity firm specializing in growth equity investments in healthcare companies in the post healthcare reform environment, announced it has invested $3.5M in E4 Health, Inc. Mansa Capital led the second round investment in E4 Health and will guide the growth phase with management, and investment partner, Kinderhook Industries, LLC. Mansa Capital Managing Partner and CIO, Ruben Jose King-Shaw Jr., has been a member of the board of directors at E4 Health since Kinderhook’s initial investment in October 2011. This second round enabled E4 Health’s acquisition of Corporate Family Network (CFN) in December 2012.
“E4 Health exemplifies the kind of companies we’re interested in growing specifically to address the post-reform healthcare needs of Hispanic and Urban Populations,” said King-Shaw Jr. “This new healthcare setting requires culturally-sensitive outreach, education and preventative care to increase efficiency while promoting health and positive outcomes. We see great potential in E4 to lead in this area with its innovative technology and expanded reach through acquisition of CFN.”
Leading E4 Health’s Growth Initiative
Mansa will work closely with E4 Health to guide its progress and on-time achievement of growth goals. The firm has been tracking E4 since Kinderhook’s initial investment and contributed to its development through board membership. With strong revenues, customer-base and management in place, E4 enters its growth phase and looks to build on its best-in-class technology.
“The second round investment led by Mansa enabled the acquisition of CFN, which allows us to provide service to over 600,000 eligible employees plus family members, and adds the top caliber resources and broad expertise of a national EAP, furthering our emergence as the premier provider of integrated PHM, Wellness, and EAP solutions and tailored, outcomes-based service delivery. As we take these critical next steps, we’re pleased to have Mansa’s expertise and guidance,” said Bill Mulcahy, E4 Health CEO.
E4 Health is a leading provider of employee assistance programs (EAP) and behavioral health risk management programs. The company’s health management solution, LifeMap, provides best-in-class EAP, Behavioral Health and Wellness services on a single platform. E4 expands its capabilities through the acquisition of CFN, a leading-edge provider of EAP and work-life services. As E4 Health’s customer service hub, CFN will be a “Center of Excellence,” establishing baselines for service delivery and outcomes, while setting industry standards in providing premier corporate service to clients.
Building Value & Industry Leadership in Healthcare
“We sought out Mansa Capital for their expertise and value creation specifically in the healthcare space,” said Chris Michalik, Managing Partner, Kinderhook Industries, LLC. “The firm is at the intersection of healthcare policy, clinical research, technology development and demographic trends, and is a great partner to see E4 through its growth phase.”
Mansa Capital’s investment in E4 Health, Inc. is the second investment by the firm’s debut healthcare fund. The fund’s flagship investment in Independent Living Systems was announced in December 2012. Mansa is now vetting additional companies in healthcare services, product distribution and IT to grow its debut healthcare fund.
About Mansa Capital
Mansa Capital is a Boston private equity firm focused on growth equity investments within the $2.5 trillion healthcare sector. Prior to launching its debut Healthcare Fund I, the firm used its expertise in healthcare policy and economics to help management grow top line revenues and develop new products that build exceptional value. Mansa Capital’s principals bring to the firm extensive expertise in healthcare operations, marketing and finance including senior-level experience in healthcare compliance, regulation and reimbursement. The team has distinctive knowledge in the early identification of innovative business models that enable patients and providers to thrive in the post-healthcare reform environment. The firm also has special insights in the largely untapped Hispanic healthcare market. www.MansaCapital.com