
Connextions, Inc., founded in 1996, is a rapidly growing leader in the consumer driven health care sector. The Company’s proprietary service offering includes a unique combination of software, data analysis, call centers, certified insurance brokers, trained nurses and others which, together, allow major health care payers and providers to acquire, retain, schedule, refer and manage large populations of individual health care consumers.
Approximately 95% of Connextions’ revenue is derived from recurring, multi-year contracts and Connextions’ clients include such industry leaders as UnitedHealth, Blue Cross Blue Shield of Florida and Caremark. Connextions also has a successful commercial practice, providing advanced customer management solutions to Federal Express, Mercedes Benz and others. To deliver these services, the Company employs approximately 1,800 professionals in several multi-channel phone and web contact centers in Orlando, Florida and Charlotte, North Carolina.
New Mountain identified Connextions as part of a longstanding interest in the consumer driven health care sector and business services space which began over two years before the transaction. Given Connextions ’ growth opportunities and management ’s large on-going ownership, the Company was focused on finding a "value added" partner with a proven ability to help management build the business. For this reason and after carefully reviewing a variety of private equity alternatives, Connextions awarded New Mountain an exclusive opportunity to become management’s partner, without an auction.
www.connextions.net |