CarePlus Health Plans, Inc.
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CarePlus Health Plans, Inc. - overview
Established
1998
Location
Miami, FL, US
Primary Industry
Insurance
About
CarePlus Health Plans, Inc. specializes in providing Medicare Advantage plans, focusing on comprehensive healthcare solutions for seniors and Medicare-eligible individuals, emphasizing coordinated care and preventive health services. CarePlus Health Plans, Inc. was founded in 1998 and operates primarily out of Miami, US.
The company focuses on Health Maintenance Organization (HMO) plans and has received funding from Mbf Healthcare Partners, who acquired the company in June 2005. The current CEO is Jarboe David. CarePlus Health Plans, Inc. primarily offers Medicare Advantage plans structured as Health Maintenance Organization (HMO) plans.
These plans serve seniors and individuals eligible for Medicare, providing coordinated care, preventive health services, and access to a network of healthcare providers across various regions, including South Florida, West Florida, Central Florida, North Florida, and the Atlantic Coast. CarePlus Health Plans generates revenue primarily through its Medicare Advantage offerings, relying on monthly premiums paid by members along with government reimbursements for Medicare services. This revenue model is structured around direct-to-consumer agreements, with a focus on comprehensive healthcare services that meet regulatory standards. Future growth plans for CarePlus Health Plans, Inc.
include potential expansions into new geographic markets, with specific regions targeted yet to be disclosed. The recent acquisition by Mbf Healthcare Partners in June 2005 may support these initiatives, although exact details on upcoming products or developments have not been provided.
Current Investors
MBF Healthcare Partners
Primary Industry
Insurance
Sub Industries
Health Insurance
Website
www.careplushealthplans.com
Verticals
InsureTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
CarePlus Health Plans, Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | CarePlus Health Plans, Inc. | - |
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