Kinderhook Industries‘ portfolio company E4 Health has acquired Corporate Family Network. The deal represents the 12th healthcare services transaction completed by Kinderhook. Financial terms of the transaction were not disclosed. Based in Dallas, TX, E4 Health is a provider of employee assistance programs and behavioral health risk management programs.
Kinderhook Industries, LLC announced today the acquisition of Corporate Family Network (“CFN”) by E4 Health, Inc., an existing Kinderhook portfolio company. The deal represents the 12th healthcare services transaction completed by Kinderhook. Financial terms of the transaction were not disclosed.
Based in Dallas, TX, E4 Health is a leading provider of employee assistance programs (EAP) and behavioral health risk management programs. E4 Health provides a full range of total health management solutions on a single integrated platform – LifeMap – delivering best-in-class EAP, Behavioral Health, and Wellness services.
Headquartered in New York, NY, CFN is a leading-edge provider of EAP and work-life services. As E4 Health’s New York 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. The CFN acquisition also enhances E4 Health’s LifeMap platform, a comprehensive suite of services encompassing Population Health Management (PHM), Wellness, and Employee Assistance Programs.
“The acquisition of CFN enables E4 to provide service to over 2 million people and adds the top caliber resources and broad expertise of a national EAP, furthering our emergence as the industry’s premier provider of integrated PHM, Wellness, and EAP solutions and tailored, outcomes-based service delivery,” said Bill Mulcahy, CEO of E4 Health. “We are also very pleased to have Linda John, founder and CEO of CFN, join us as an integral addition to our management team.”
“Establishing a Center of Excellence in New York gives us the ability to set industry standards for EAP and wellness delivery, underscoring our commitment to systematically increasing efficiencies, improving outcomes, and lowering healthcare costs,” said Cindy Sheriff, President of E4 Health. “On a tactical level, CFN’s resources and account management capabilities will improve client service, while enabling us to tailor programs that proactively identify and fundamentally change behaviors, the key to promoting wellness.”
Chris Michalik, Managing Partner at Kinderhook Industries, stated that, “We are very excited about the acquisition of CFN and the team it brings to E4 Health. The acquisition of CFN is another major step in E4 Health’s evolution and growth. I believe the complementary strengths of E4 Health and CFN will provide an exceptional platform to meet the growing demand of our customers and the market to bend the cost curve of healthcare.”
Kirkland and Ellis served as legal counsel to E4 Health.
About Kinderhook Industries
Founded in 2003, Kinderhook Industries is a private equity firm with $770 million of committed capital and an investment philosophy based on combining senior management and operating experience in a variety of industries with the financial and investment know-how of private equity professionals. Kinderhook primarily makes control investments in companies in which the firm can achieve significant financial, operational and growth improvements. The firm targets orphaned non-core subsidiaries of corporate parents, existing small capitalization public companies lacking institutional support and management-led recapitalizations of entrepreneur-owned companies. By providing access to capital, strategic advice and an extensive network of relationships, Kinderhook Industries has a history of successfully building privately held firms in partnership with management.
About E4 Health
E4 Health is committed to providing behaviorally based services that empower individuals and thus enable corporations to thrive. Delivering best-in-class EAP, Behavioral Health, and Wellness services on a single integrated platform – LifeMap – E4 Health provides a full range of total health management solutions.
For additional information about this transaction, please contact:
Chris Michalik Sean Dempsey
Managing Director Vice President
+1 (212) 201-6782 +1 (212) 201-6784