Arsenal Capital has sold MaxHealth to CenterWell, according to a news release.
MaxHealth, founded in 2015 and based in Tampa, Florida, is a network of primary care facilities for adults and seniors with over 50 locations throughout Florida.
Arsenal, founded in 2000 and based in New York, is a private equity firm specializing in investments in middle market healthcare and specialty industrials companies. The firm typically makes control investments in businesses that can use $50 million to $300 million of equity capital, including funding for add-on acquisitions.
CenterWell is the healthcare services division of Humana (NYSE: HUM).
Terms of the transition were not disclosed. Bloomberg reported the deal would value MaxHealth at close to $1 billion.
