Kinderhook and Mansa Capital Acquire Wellness Corporation
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Kinderhook and Mansa Capital Acquire Wellness Corporation

wellness nfE4 Health, a portfolio company of Kinderhook Industries and Mansa Capital, has acquired Wellness Corporation. This is the third add-on acquisition completed by E4 Health since being acquired by Kinderhook in October 2011. Mansa Capital invested in E4 Health in February 2013.

“This is an exciting opportunity to bring together two companies that will complement each other to provide an exceptional platform to meet the growing demands of our customers and the market to bend the cost curve of healthcare,” said Chris Michalik, Managing Director at Kinderhook Industries.

Wellness Corporation is a provider of employee assistance programs and post-secondary education counseling and coaching. These services include employee assistance programs, student and graduate student assistance programs, organizational development services, professional development training, wellness and work/life programs. The company is headquartered in Shrewsbury, MA (www.wellnesscorp.com).

E4 Health is a provider of employee assistance programs (EAP) and behavioral health risk management programs. EAPs offer assistance to help employees cope with the stresses that stem from both their personal and work lives. EAPs provide assistance to employees experiencing a range of concerns including: depression, stress management, conflict resolution and substance abuse issues, as well as providing them with access to elder care resources, child care openings, legal resources, and wellness coaching. E4 Health was founded by EAP veterans Bill Mulcahy and Cindy Sheriff in partnership with Kinderhook Industries in October 2011. The company is based in Dallas (www.e4healthinc.com).

“Wellness is recognized as a leader in employee and student assistance and shares our commitment to quality outcomes,” said Bill Mulcahy, CEO of E4 Health. “In addition to strengthening our core EAP offerings, Wellness has strong relationships throughout the post-secondary education market that complement the services we offer through our subsidiary Student Resources. We look forward to collaborating with the team at Wellness to create an innovative solution that supports our goals for creating greater long-term value for our customers.”

Kinderhook Industries makes control investments in companies with transaction values of $10 million to $75 million in which the firm can achieve financial, operational and growth improvements. The firm pursues private equity investments in non-core divisions of public companies, management buyouts of entrepreneurial-owned businesses, troubled situations and existing small capitalization companies lacking institutional support. The firm, founded in 2003, has $770 million of committed capital and is based in New York (www.kinderhook.com).

Mansa Capital invests in companies active in the health care services and health care technology sectors that have enterprise values up to $150 million. Mansa focuses on companies as they prepare for expansion, acquisition, privatization or IPO. The firm has offices in Boston, Miami, and Dallas (www.mansaequity.com).

“The addition of Wellness Corporation, with its strong cultural values and long-standing reputation for superior EAP service, reinforces E4’s unique position as the market leading EAP provider. Wellness is a great addition to E4’s outcome based strategy,” said Ruben King-Shaw, Jr., Managing Director of Mansa Capital.

© 2013 PEPD • Private Equity’s Leading News Magazine • 10-28-13

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