M&A Deal Summary

HealthEdge Investment Partners Acquires The Columbus Organization

On December 14, 2016, private equity firm HealthEdge Investment Partners acquired staffing company The Columbus Organization from Progress Equity Partners

Acquisition Highlights
  • This is HealthEdge Investment Partners’ 1st transaction in the Staffing sector.
  • This is HealthEdge Investment Partners’ 14th transaction in the United States.
  • This is HealthEdge Investment Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • The Columbus Organization was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2016-12-14
Target The Columbus Organization
Sector Staffing
Buyer(s) HealthEdge Investment Partners
Sellers(s) Progress Equity Partners
Deal Type Secondary Buyout

Target

The Columbus Organization

Blue Bell, Pennsylvania, United States
website
The Columbus Organization is a provider of on-site professional staffing and consultative services, focusing exclusively on agencies that serve individuals with special needs. The Columbus Organization was founded in 1984 and is based in Blue Bell, Pennsylvania.

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Buyer(S) 1

Buyer

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.


DEAL STATS #
Overall 14 of 24
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 14 of 24
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 Intra-Op Monitoring Services

Covington, Louisiana, United States

Intra-Op Monitoring Services is a clinical diagnostic services company offering highly specialized intra-operative neurophysiological monitoring capabilities. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia was founded in 2000 and is based in Covington, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Spectrum Medical Partners

Lake Mary, Florida, United States

Spectrum Medical Partners is a provider in hospital medicine and post-acute services. Spectrum Medical Partnersutilizes over 200 medical doctors and nurse practitioners serving patients in area hospitals in Central Florida and Tampa Bay Market and over 70 skilled nursing facilities and other post-acute settings. Spectrum Medical Partners’ growth has been driven by its mission of being a leader in providing support to Value-Based Care partners throughout the healthcare continuum. Spectrum Medical Partners was founded in 2017 and is based in Lake Mary, Florida.

Buy -

Seller(S) 1

SELLER

Progress Equity Partners

Dallas, Texas, United States

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Progress Equity Partners is a private investment firm that seeks control positions in 'well-managed, entrepreneurial, service-based businesses.' Progress focuses on companies with sustainable/scalable business models and low capital expenditures. Specific areas of interest include building products/construction services, communication, marketing, facility maintenance services, franchising, manufacturing, retail, specialty food and healthcare services. Progress Equity Partners is based in Dallas, Texas.


DEAL STATS #
Overall 11 of 13
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 6 of 6
State (Pennsylvania) 1 of 1
Country (United States) 11 of 13
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 D&S Community Services

Austin, Texas, United States

D&S Community Services emphasizes exceptional quality services and innovation and offers a broad array of home and community-based services specially designed to help individuals with I/DD realize a life of independence and self-determination. D&S Community Services was founded in 1991 and headquartered in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 Davey Coach Sales

Sedalia, Colorado, United States

Davey Coach Sales is a dealer of new and used mid-sized buses and shuttles, as well as a premier provider of passenger transport vehicles for lease and rental. Davey Coach Sales was founded in 1992 and is based in Sedalia, Colorado.

Buy -