Alteon Health LLC
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Alteon Health LLC - overview
Established
2017
Location
Germantown, MD, US
Primary Industry
Healthcare
About
Alteon Health LLC offers comprehensive healthcare solutions aimed at improving patient care and operational efficiency in clinical environments, specifically focusing on optimizing emergency department functions and patient flow in hospitals. Alteon Health LLC was formed in October 2017 through a merger of Emergency Medicine Associates, P. A. , P.
C. and Island Medical Management, Inc. The company is headquartered in Germantown, US. Steve Holtzclaw currently serves as the CEO.
In February 2022, Alteon Health LLC was acquired by US Acute Care Solutions, LLC, a portfolio company of Apollo Global Management, which aims to enhance partner relationships and expand new key health systems. The firm has completed three deals overall, with the most recent deal occurring on February 1, 2022. Alteon Health specializes in delivering healthcare solutions that enhance patient care and operational efficiency in clinical environments. Their core offerings include services designed to optimize emergency department operations, improve clinical throughput, and facilitate timely healthcare access for patients.
The company addresses critical challenges such as reducing wait times and enhancing care quality, catering to a diverse client base that includes hospitals and healthcare systems across various regions in the United States. Alteon Health generates revenue through a structured transaction model that relies on partnerships with hospitals and healthcare entities. The company's revenue streams originate from service contracts outlining specific deliverables and performance metrics. This B2B approach includes fixed fees for service provision, ensuring predictable income aligned with clients' operational needs.
Following the acquisition by US Acute Care Solutions, LLC, Alteon Health is positioned for growth by strengthening existing partner relationships and expanding into new key health systems. The company plans to leverage resources from the acquisition to enhance service offerings and may be developing new products to launch in the near future. Specific details regarding targeted markets or release dates for upcoming products were not disclosed.
Current Investors
Apollo , US Acute Care Solutions, LLC, New Mountain Capital
Primary Industry
Healthcare
Sub Industries
Outsourcing, Emergency Services, Hospitals
Website
www.alteonhealth.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Alteon Health LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Alteon Health LLC | - | ||||||||
| Growth | Completed | Alteon Health LLC | - | ||||||||
| Add-on, Trade Sale | Completed | Inpatient Medical Services, Inc. | - | ||||||||
| Buyout | Completed | Alteon Health LLC | - |
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