July 11, 2017 (Boston, MA) – Covington Associates LLC, a leading middle market investment bank announced its role as exclusive advisor to eHealthScreenings, a national biometric screenings provider, in its sale to Premise Health, a leading employer-sponsored health center and wellness provider. Premise Health is affiliated with Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry.
Founded in 2008 and headquartered in San Antonio, Texas, eHealthScreenings has built a reputation as an industry leader exclusively specializing in onsite biometric screenings supported by award-winning in-house technologies and processes. With the addition of this new set of capabilities, Premise Health extends its product offering to fulfill a wide array of health testing options enabled by eHealthScreenings’ network of over 3,000 certified wellness technicians with access to over 1,700 lab locations across the country. eHealthScreenings provides comprehensive screening panels and biometric tests, advanced analytics and reporting, and personalized patient results in as few as one to two days.
“We’ve experienced significant growth in recent years and are confident that our partnership with Premise Health will provide us with the resources and support we need to continue our track record of success,” said Jason Morgese, CEO, eHealthScreenings. “We are looking forward to combining Premise Health’s extensive clinical, operational, and technology-enabled resources with our expertise, processes and systems tailored to employee health screenings.”
Tom Cibotti, Managing Director at Covington Associates commented, “We are pleased to have been given the opportunity to work with Jason and represent such a high quality, well-run organization as eHealthScreenings. This transaction is an exciting combination, as eHealthScreenings’ service model will only enhance Premise Health’s direct primary care platform.”
About Covington Associates LLC
Covington Associates is an investment banking firm offering advisory services in the areas of mergers and acquisitions (“M&A”), capital raising, strategic advisory, fairness opinions, and valuations to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Founded in 1991, with offices in Boston and New York, the vision for Covington has been to provide clients with the highest caliber of senior-level attention and to remain an advice-driven and results-focused organization. Since its inception, Covington Associates has completed more than 200 transactions globally for both private and publicly traded companies totaling over $15 billion.
eHealthScreenings, LLC, (or the “Company”) is a fast-growing wholesaler of biometric screenings, leveraging a national network of over 3,000 certified wellness technicians, over 1,700 nationwide lab locations, and licensed physicians in every state. Headquartered in San Antonio, Texas, the Company is a Texas-based LLC and has 48 employees. Through their core values of integrity, efficiency, innovation, excellence, quality and service, EHS has built a reputation as one of the industry leaders. For more information, visit the eHealthScreenings website at www.ehealthscreenings.com.
About Premise Health
Premise Health is a leading employer-sponsored health center and wellness provider dedicated to improving the cost and quality of employee and dependent health care. With more than 50 years of experience, Premise Health manages more than 500 employer-sponsored health and wellness centers across the country. The company serves more than 200 of the nation’s leading companies, including a significant number of the Fortune 1000. Premise Health is a company of Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. For more information on Premise Health, visit www.premisehealth.com.