M&A Deal Summary

Advocate Aurora Health Acquires Senior Helpers

On April 1, 2021, Advocate Aurora Health acquired consumer services company Senior Helpers from Altaris Capital Partners

Acquisition Highlights
  • This is Advocate Aurora Health’s 1st transaction in the Consumer Services sector.
  • This is Advocate Aurora Health’s 1st transaction in the United States.
  • This is Advocate Aurora Health’s 1st transaction in Maryland.
Investment Fate
  • Senior Helpers was divested to a consortium of buyers in 2024.

M&A Deal Summary

Date 2021-04-01
Target Senior Helpers
Sector Consumer Services
Buyer(s) Advocate Aurora Health
Sellers(s) Altaris Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Cain Brothers & Co. LLC (Financial)

Target

Senior Helpers

Towson, Maryland, United States
website
Senior Helpers is a franchisor of private pay, professional home care for elderly individuals, with approximately 285 active territories across 39 states. The Company provides specialized programs that have been developed in collaboration with medical experts and offers specialized care services for individuals with Alzheimer's, dementia, and Parkinson's. Senior Helpers was formed in 2002 and is based in Towson, Maryland.

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Buyer(S) 1

Buyer

Advocate Aurora Health

Illinois, United States

website


Category Company
Sector Healthcare Services
DESCRIPTION

Advocate Aurora Health with its subsidiary Advocate Aurora Enterprises is a not-for-profit, integrated health system in the nation. It is responsible for advancing the system's purpose of helping people live well through a commitment to Whole Person Health. Its three focus areas include: Aging Independently, enabling aging seniors to thrive safely and comfortably in their homes; Parenthood, supporting parents in raising healthy and happy kids with less stress and greater confidence; and Personal Performance, helping people to achieve their mind, body and nutrition goals.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Cornerstone Treatment Facilities Network

Fresh Meadows, New York, United States

Cornerstone Treatment Facilities Network is a provider of medically supervised inpatient withdrawal and stabilization services as well as medically supervised inpatient rehabilitation services. Cornerstone Treatment Facilities Network was founded in 1936 and is based in Fresh Meadows, New York.

Buy -

Seller(S) 1

SELLER

Altaris Capital Partners

New York City, New York, United States

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Altaris Capital Partners is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris Capital Partners was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 22 of 24
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 9 of 10
State (Maryland) 1 of 1
Country (United States) 20 of 22
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Padagis

Allegan, Michigan, United States

Padagis is a generic prescription pharmaceutical company having more than 1,300 employees across six locations in the United States and Israel. The company’s diversified and specialized portfolio consists of over 200 product families and 800 SKUs, with a focus on extended topical dosage forms, including creams, ointments, lotions, gels, foams, liquids, and nasal sprays. Padagis is based in Allegan, Michigan.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Solesis

Perkasie, Pennsylvania, United States

Solesis is an innovative provider of biomaterials, tools, and services for the life science and medical technology industries. Solesis operates through two primary business divisions, Secant Group and Charter Medical. The Secant Group, which includes SanaVita Medical, is a supplier of biomaterials and implantable textile structures that enable repair, recovery, and regeneration of human tissue, as well as technical materials for the specialty chemical and aerospace markets. Charter Medical supplies single-use tools for cell culture expansion, cryopreservation, and fluid management that are used during the development and manufacturing of biopharmaceuticals, including cell and gene therapies. Solesis was founded in 2012 and is based in Perkasie, Pennsylvania.

Buy -