Kinderhook: UnitedHealthcare, Molina, and Humana Passed on Acquiring MCS
Chris and Rob Michalik · Chris and Rob Michalik - Twin Tackle of Private Equity at Kinderhook (EP.416) · Nov 11, 2024 · at 25:16
Chris and Rob Michalik, co-founders of Kinderhook Industries, discuss finding value in specialized healthcare deals by acquiring Puerto Rican Medicare Advantage HMO Medical Card Systems.
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“Most everyone in the United States in the industry looked at buying this company from private equity firms to UnitedHealthcare to Molina, Humana, and they all passed. And we bought the business in 2021. We actually signed a letter of intent to acquire it in the fall of 2020 during COVID because we saw value that other people didn't.”
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