10 Dec 2015

Provant

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Location: East Greenwich, RI
Investment Year: 2012
Website: www.provanthealth.com

Business Description

Provant is a health and wellness solutions company that partners with businesses to build cultures of health designed to improve the health, well-being and productivity of employees while supporting employers with their healthcare affordability agenda. Provant combines personalized “high touch” services with tools that track, measure and reward healthy behaviors and outcomes.

Century Investment Thesis 

High growth expected in the population health management and wellness segments of the healthcare market and the potential to benefit from industry trends driven by demonstrated ROI for wellness services aimed at cost shifting and reduced claims.

Century Value Add
  • Introductions to new healthcare payers, brokers, and consultants
  • Service offering strategy
  • Technology and infrastructure investments
10 Dec 2015

Ascension Insurance Holdings, LLC

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Location: Kansas City, MO
Investment Year: 2007
Website: www.ascensionins.com

Business Description

Ascension is a middle market insurance broker which has grown through the acquisitions of small and middle market commercial property-casualty and employee benefits insurance brokers in North America.

Century Investment Thesis 

Opportunity to utilize a hub-and-spoke roll-up strategy in the highly fragmented middle-market commercial insurance distribution market to build a broker platform of scale. Acquire brokers with industry-focused practices where broker knowledge of sector creates barriers to entry.

Century Value Add
  • Source acquisition candidates
  • Due diligence acquisition targets
  • Capital structure optimization
10 Dec 2015

Santa Rosa Holdings, LLC

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Location: Southfield, MI
Investment Year: 2010
Website: www.santarosaconsulting.com 

Business Description

Santa Rosa is a national provider of consulting services to the healthcare industry. The Company supplies healthcare clients with a complete range of advisory, information technology planning, implementation consulting, staffing, and recruitment services.

Century Investment Thesis 

Consulting organizations are well-positioned to be a channel for sales of higher margin recurring revenue products.
Prior cycle consolidation left a lack of middle market participants which would enable Santa Rosa to build brand value and capitalize on multiple expansion by acquiring smaller niche competitors.

Century Value Add
  • Product development strategy
  • Capital structure optimization
  • Acquisition sourcing and diligence