Managed Care Organization that provides Medicare Advantage and prescription drug plans to Medicare beneficiaries in New York City and surrounding counties
Touchstone Health is the largest for-profit, privately held Medicare HMO in the New York City market. The Company is well positioned to benefit from the large and growing Medicare Advantage (“MA”) market. Touchstone’s offerings are an alternative to traditional fee-for-service (“FFS”) Medicare. The Company offers zero and low dollar premium plans with benefits that include, but are not limited to, medical, pharmacy, dental, vision, hearing and mental health. Touchstone’s products provide up to 25% more benefits than Medicare FFS, a meaningful competitive advantage that is driving membership growth. Headquartered in White Plains, NY, the Company has 75 employees and operates in Orange, Westchester, Bronx, Queens, New York, Kings and Richmond counties.
Transaction Summary
- In 2006, Essex Woodlands made an initial minority investment and later acquired a controlling interest in 2008. EW has helped Touchstone grow and transition from a Management Services Organization into a successful HMO.
- Essex Woodlands owns 60% of the business, while Healthcare Partners IPA, a strategic and financial partner in the deal, retains a 40% equity stake.
