M&A Deal Summary

TowerBrook Capital Partners Acquires TRIMEDX

On April 12, 2016, private equity firm TowerBrook Capital Partners acquired information technology company TRIMEDX from Ascension Health

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 3rd transaction in the Information Technology sector.
  • This is TowerBrook Capital Partners’ 25th transaction in the United States.
  • This is TowerBrook Capital Partners’ 1st transaction in Indiana.

M&A Deal Summary

Date 2016-04-12
Target TRIMEDX
Sector Information Technology
Buyer(s) TowerBrook Capital Partners
Sellers(s) Ascension Health
Deal Type Divestiture

Target

TRIMEDX

Indianapolis, Indiana, United States
website
TRIMEDX is a provider-driven, clinical asset management organization in the US. The company utilizes its proprietary and highly integrated technology and commercial infrastructure to provide a differentiated, value-added clinical engineering solution to healthcare providers, enabling them to optimize the total cost of ownership for their large fleets of medical equipment and devices. TRIMEDX serves more than 3,700 healthcare sites and services and maintains data on more than three million medical devices. TRIMEDX was founded in 1998 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 49 of 92
Sector (Information Technology) 3 of 4
Type (Divestiture) 2 of 5
State (Indiana) 1 of 1
Country (United States) 25 of 43
Year (2016) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-08 Infopro Digital

Antony Cedex, France

Infopro Digital is a French business-to-business (“B2B”) professional information services provider. The Company is active in three divisions: (i) Software, Data & Leads, which provides tailor-made information and decision-making tools delivered through software packages and digital platforms; (ii) Knowledge & Networking, which produces and delivers industry-specific content and solutions (subscriptions, training, events, etc.); and (iii) Global Trade Shows, which organises industry-specific exhibitions for professionals. Infopro Digital was founded in 2001 and is based in Antony Cedex, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-11 Unison Site Management

New York, New York, United States

Unison Site Management LLC is a independent cell site company that specializes purchase of wireless antennae leases and cell ground tower leases from cell site owners.

Sell -

Seller(S) 1

SELLER

Ascension Health

St. Louis, Missouri, United States

website


Category Company
Founded 1996
Sector Medical Products
DESCRIPTION

Ascension Health is a provider of high quality, innovative products for the foot, hand and shoulder markets.Ascension develops and sells a full range of implants for the shoulder, elbow, wrist, hand, foot and ankle.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Divestiture) 3 of 3
State (Indiana) 1 of 1
Country (United States) 4 of 4
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Lourdes Health Network

Pasco, Washington, United States

Lourdes Health Network has been serving the Mid-Columbia region’s healthcare needs since 1916 – nearly a century of caring and growing with the region’s families. We are called to serve our community, our patients and our coworkers with respect and compassion – responding to their needs with a Christian spirit. Lourdes Health Network includes an acute care medical center, a behavioral health hospital providing both inpatient and outpatient programs, a network of over 17 primary care and specialty clinics, and numerous other outpatient services. Lourdes is known as a compassionate, innovative healthcare leader and is composed of nearly 750 associates along with over 200 physicians on Medical Staff.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 Ardent Health Services - 323-Bed Bay Medical

Nashville, Tennessee, United States

Ardent Health Services - 323-Bed Bay Medical is the nation's largest non-profit health system.

Buy -