Allegiance Capital Corporation Facilitates Acquisition of GlobalHealth

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Allegiance Capital facilitates the acquisition of GlobalHealth, Inc. a leading HMO in the state of Oklahoma by Kinderhook Industries.

“GlobalHealth wanted a financial partner that understood their business and supported their commitment to excellent customer service. Kinderhook is the perfect partner." - Brent Earles

Allegiance Capital Corporation, a Dallas-based private M&A investment bank that specializes in middle market transactions, announced today that it has facilitated the acquisition of Global Health Inc. by Kinderhook Industries. GlobalHealth is a leading HMO in the state of Oklahoma. Allegiance Capital acted as the exclusive financial advisor to GlobalHealth. Financial terms of the acquisition were not disclosed.

Headquartered in Oklahoma City, GlobalHealth is a leading health maintenance organization (HMO) serving over 40,000 members in Oklahoma. GlobalHealth is the largest private HMO serving Oklahoma's state, education and municipal employees and also offers several Medicare Advantage plans. GlobalHealth is one of five companies offering health plan options on the Federal Healthcare Marketplace in Oklahoma.

"We are excited about our new partnership with Kinderhook which will enable us to expand our affordable health plans to more citizens in Oklahoma," said Scott Vaughn, CEO of GlobalHealth. "Our mission is to make quality healthcare more affordable for the communities we serve. The Kinderhook team shares our strategic vision of bringing our unique healthcare delivery model to more Oklahomans and creating more consumer choices in the marketplace."

Chris Michalik, Managing Director at Kinderhook, stated that, "Under Scott's leadership, GlobalHealth has served its members very well and has made great strides toward bending the healthcare cost curve through its common sense approach to healthcare delivery. The combination of GlobalHealth's unique delivery model and the significant changes to the U.S. healthcare industry creates a tremendous opportunity for GlobalHealth to offer affordable health plans to more citizens in Oklahoma. We are very excited to partner with Scott and his management team and to accelerate the success of GlobalHealth."

Fred McCallister and Brent Earles of Allegiance Capital Corporation managed the GlobalHealth transaction. McCallister, a Sr. Vice President at the firm describes the goals GlobalHealth wanted to achieve when they engaged Allegiance Capital. “They wanted a unique financial partner that understood their business and would support their commitment to excellent customer service. Kinderhook Industries’ experience in the healthcare space, and their commitment to excellence, makes them a perfect partner for GlobalHealth,” said McCallister.

Earles, also a Sr. Vice President at Allegiance Capital, noted the importance of the transaction by stating, “For the past several years, no topic has been more in U.S. headlines than healthcare and health coverage. GlobalHealth and Kinderhook create a powerful partnership to deliver forward-thinking health coverage solutions across Oklahoma. We expect to see outstanding leadership from this partnership, whether it is providing solutions for Medicare Advantage, government employees, the health exchange, or other groups and individuals across the state.”

Allegiance Capital is currently involved in several engagements with other, healthcare, telecom, oil and gas related manufacturing and rental companies. To view a list of current engagements, visit For information on how to sell a business, call 214-217-7750.

About Kinderhook Industries, LLC
Founded in 2003, Kinderhook is a private equity firm with $770 million of committed capital and an investment philosophy based on combining senior management and operating experience in a variety of industries with the financial and investment know-how of private equity professionals. Kinderhook primarily makes control investments in companies in which the firm can achieve significant financial, operational and growth improvements. The firm targets orphaned non-core subsidiaries of corporate parents, existing small capitalization public companies lacking institutional support and management-led recapitalizations of entrepreneur-owned companies. By providing access to capital, strategic advice and an extensive network of relationships, Kinderhook has a history of successfully building privately held firms in partnership with management. For more information please visit:    

About GlobalHealth
GlobalHealth is an Oklahoma based health maintenance organization (HMO) with offices in Tulsa and Oklahoma City. It provides affordable health insurance coverage for individuals, employers, Medicare beneficiaries, federal employees, and state, education and municipal government employees. For more information please visit:

About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Allegiance Capital Corporation was recently named to American City Business Journal’s distinguished list of Who’s Who in Energy 2013, in addition to being named third on the list of 2011 Largest Investment Banking Firms in North Texas by the Dallas Business Journal. Allegiance Capital Corporation has won multiple awards recognizing the value it delivers to clients, including 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), and 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog by visiting Follow Allegiance Capital Corporation on LinkedIn and Twitter: @ALLCAP.

Alternate Contact:
Fred McCallister
Sr. Vice President
Allegiance Captial Corporation

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Bruce Condit

Brent Earles
Bruce Condit
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