Kinderhook Industries Acquires GlobalHealth, Inc.
NEW YORK - Kinderhook Industries, LLC announced Monday the acquisition of GlobalHealth, Inc., a leading HMO in the state of Oklahoma.
GlobalHealth is Kinderhook's 6th healthcare platform investment and 12th purchase in the space, including add-on acquisitions. Financial terms of the transaction were not disclosed.
Headquartered in Oklahoma City, GlobalHealth is a leading health maintenance organization (HMO) in Oklahoma, serving over 40,000 members. The Company is the largest private HMO serving Oklahoma's state, education and municipal employees.
GlobalHealth also offers several Medicare Advantage plans and is one of five companies to offer health plan options on the Federal Healthcare Marketplace in Oklahoma.
"We are excited about our new partnership with Kinderhook which will enable us to expand our affordable health plans to more citizens in Oklahoma," said Scott Vaughn, CEO of GlobalHealth. "Our mission is to make quality health care more affordable for the communities we serve."
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.