M&A Deal Summary

Sevita Acquires Help at Home

On October 27, 2021, Sevita acquired healthcare services company Help at Home from Centerbridge Partners and Vistria Group

Acquisition Highlights
  • This is Sevita’s 1st transaction in the Healthcare Services sector.
  • This is Sevita’s 1st transaction in the United States.
  • This is Sevita’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-10-27
Target Help at Home
Sector Healthcare Services
Buyer(s) Sevita
Sellers(s) Centerbridge Partners
Vistria Group
Deal Type Add-on Acquisition

Target

Help at Home

Chicago, Illinois, United States
website
Help at Home is a home care provider delivering in-home care to seniors and persons with disabilities. Help at Home was founded in 1975 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Sevita

Boston, Massachusetts, United States

website


Category Company
Sector Healthcare Services
DESCRIPTION

Sevita is a provider of home and community-based specialized health care. Sevita provides people with quality services and individualized supports that lead to growth and independence, regardless of the physical, intellectual, or behavioral challenges they face. Sevita is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 2

SELLER

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2005
PE ASSETS 16.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 23 of 24
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 8 of 9
State (Illinois) 4 of 4
Country (United States) 21 of 22
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 CSI

Paducah, Kentucky, United States

CSI provides core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance, and document delivery solutions to financial institutions and corporate entities across the nation. CSI is based in Paducah, Kentucky.

Buy $1.6B
DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 5 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Medalogix

Nashville, Tennessee, United States

Medalogix is a provider of clinical decision support and value-based care enablement software and solutions for home health and hospice stakeholders. Medalogix was founded in 2012 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 BioCare

Tempe, Arizona, United States

BioCare is a specialty distributor of life-saving therapies CanyonCareRX, a full-service specialty pharmacy, and LogiCare3PL, a national provider of time and temperature-sensitive pharmaceutical logistics services. BioCare was founded in 1982 and is based in Tempe, Arizona.

Buy -