M&A Deal Summary

Thomas H. Lee Partners Acquires Professional Physical Therapy

On December 19, 2016, private equity firm Thomas H. Lee Partners acquired healthcare services company Professional Physical Therapy from Great Point Partners

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Thomas H. Lee Partners’ 46th transaction in the United States.
  • This is Thomas H. Lee Partners’ 6th transaction in New York.

M&A Deal Summary
Date 2016-12-19
Target Professional Physical Therapy
Sector Healthcare Services
Buyer(s) Thomas H. Lee Partners
Sellers(s) Great Point Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)

Target

Professional Physical Therapy

Whitestone, New York, United States
website
Professional Physical Therapy is a provider of physical therapy and rehabilitation services in the New York metropolitan area. The Company’s outpatient physical therapy centers provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions. Professional Physical Therapy was founded in 1998 and is based in Whitestone, New York.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1974
PE ASSETS 25.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners, LP (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. Thomas H. Lee Partners, LP was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 56 of 82
Sector (Healthcare Services) 2 of 5
Type (Secondary Buyout) 17 of 30
State (New York) 6 of 6
Country (United States) 46 of 70
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 CSafe Global

Monroe, Ohio, United States

CSafe Global is a provider of cold chain packaging solutions that address the global supply chain needs of the biopharmaceutical industry. CSafe Global’s climate-controlled containers are designed to maintain high-value and temperature-sensitive biopharmaceutical cargo at precise temperatures for extended periods of time and in extreme external conditions. CSafe Global is based in Monroe, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Auction.com

Irvine, California, United States

Auction.com LLC is a marketplace transaction platform focused on residential bank-owned and foreclosure properties for sale in the United States. Auction.com's online platform allows individuals and investors to buy and sell residential real estate properties using both desktop and mobile channels. By leveraging its market-leading technology platform and extensive international network of buyers, Auction.com empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity to easily complete real estate transactions online.

Buy -

Seller(S) 1

SELLER

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $7 to $50 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 8 of 17
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 2 of 5
State (New York) 1 of 1
Country (United States) 7 of 13
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Clinical Supplies Management

Fargo, North Dakota, United States

Clinical Supplies Management, Inc. is a provider of innovative solutions to meet the complex clinical supply challenges pharmaceutical and biotechnology companies face. CSM manages the clinical supply chain for hundreds of satisfied clients worldwide, providing services that keep clinical trials on time and on budget. CSM offers a full suite of cGMP-compliant services, continually delivering quality supplies to clinical sites and patients around the world. Clinical Supplies Management, Inc. was founded in 1997 and is based in Fargo, North Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Valenz

Phoenix, Arizona, United States

Valenz simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity, and accuracy of claims, and a suite of risk affinity solutions, the company optimizes healthcare for the provider, payer, plan, and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, it improves cost, quality, and outcomes for employers and their members engaging early and often for smarter, better, faster healthcare. Valenz was formed in 2004 and is based in Phoenix, Arizona.

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