M&A Deal Summary

Option Care Health Acquires CarePoint Partners

On June 17, 2013, Option Care Health acquired healthcare services company CarePoint Partners from Waud Capital Partners for 223M USD

Acquisition Highlights
  • This is Option Care Health’s 5th transaction in the Healthcare Services sector.
  • This is Option Care Health’s largest (disclosed) transaction.
  • This is Option Care Health’s 4th transaction in the United States.
  • This is Option Care Health’s 1st transaction in Ohio.

M&A Deal Summary

Date 2013-06-17
Target CarePoint Partners
Sector Healthcare Services
Buyer(s) Option Care Health
Sellers(s) Waud Capital Partners
Deal Type Add-on Acquisition
Deal Value 223M USD
Advisor(s) Harris Williams & Co. (Financial)

Target

CarePoint Partners

Cincinnati, Ohio, United States
website
CarePoint Partners is a provider of home and alternate-site infusion therapy for patients with complex, acute and chronic illnesses.

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Buyer(S) 1

Buyer

Option Care Health

Bannockburn, Colorado, United States

website


Category Company
Founded 1993
Sector Healthcare Services
Employees5,146
Revenue 3.0B USD (2020)
DESCRIPTION

Option Care Health is a provider in comprehensive, cost-effective pharmaceutical and home care solutions. Option Care Health was formed in 1993 and is based in Denver, Colorado.


DEAL STATS #
Overall 5 of 8
Sector (Healthcare Services) 5 of 7
Type (Add-on Acquisition) 4 of 6
State (Ohio) 1 of 1
Country (United States) 4 of 7
Year (2013) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 HomeChoice Partners

Norfolk, Virginia, United States

HomeChoice Partners, Inc., based in Norfolk, Virginia, provides a broad range of infusion therapy services to patients with acute or chronic conditions that can be treated at home or at an ambulatory infusion suite.

Buy $70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Deaconess HomeCare

United States

Deaconess HomeCare is a nationally recognized healthcare provider with a long-standing reputation for providing quality care and service to patients, families and communities.

Sell $60M

Seller(S) 1

SELLER

Waud Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Waud Capital Partners is a private equity firm that pursues investments in mid-sized manufacturing, distribution and service companies. Waud looks for businesses with proven management, operating in well defined markets, and that demonstrate strong growth potential. The Firm typically invests $50 to $200 million. Specific areas of interest include adhesives, air/water treatment, alarm monitoring, auto components, coatings, consumer products, home healthcare services, hospitals, lighting, litigation support, medical distribution, petroleum distribution, pharmaceuticals, publishing, sealants, specialty hospitals, and tax consultants. Prospective transaction situations include buyouts, recapitalizations and industry consolidations. Waud Capital Partners was established in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 26
Sector (Healthcare Services) 3 of 7
Type (Add-on Acquisition) 4 of 10
State (Ohio) 1 of 1
Country (United States) 10 of 25
Year (2013) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 Maxum Petroleum

Greenwich, Connecticut, United States

Maxum Petroleum, Inc. is a provider of logistics and energy management services in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-20 Optimum Outcomes

Downers Grove, Illinois, United States

Optimum Outcomes, Inc. is a provider of account resolution services to hospitals and hospital-based physician groups throughout the United States. With proprietary technology, tools and processes, RCS specializes in providing self-pay follow-up services and resolution of insurance claims for hospitals.

Sell -