M&A Deal Summary

Welsh Carson Anderson & Stowe Acquires Springstone

On November 2, 2010, private equity firm Welsh Carson Anderson & Stowe acquired healthcare services company Springstone

Acquisition Highlights
  • This is Welsh Carson Anderson & Stowe’s 19th transaction in the Healthcare Services sector.
  • This is Welsh Carson Anderson & Stowe’s 58th transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 2nd transaction in Kentucky.
Investment Fate
  • Springstone was sold to a publicly-traded strategic buyer in 2021.
  • Springstone was divested to a consortium of strategic buyers in 2022.

M&A Deal Summary

Date 2010-11-02
Target Springstone
Sector Healthcare Services
Buyer(s) Welsh Carson Anderson & Stowe
Deal Type Buyout (LBO, MBO, MBI)

Target

Springstone

Louisville, Kentucky, United States
website
Springstone is a provider of high-quality behavioral healthcare services. Its inpatient and outpatient programs provide children and adults with the treatment of mental illness and addiction, offering a broad scope of services for a diverse patient population. In addition to traditional therapies, The company takes a holistic approach to treatment, offering yoga, art, and recreational therapy. Its engaged and mission-driven team is dedicated to Changing People’s Lives through a patient-centric approach to delivering superior outcomes. Springstone was formed in 2010 and is based in Louisville, Kentucky.

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Buyer(S) 1

Buyer

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 60 of 97
Sector (Healthcare Services) 19 of 32
Type (Buyout (LBO, MBO, MBI)) 27 of 39
State (Kentucky) 2 of 3
Country (United States) 58 of 92
Year (2010) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 ITC DeltaCom

Atlanta, Georgia, United States

ITC DeltaCom, Inc. provides local and long-distance phone service, enhanced data, Internet access, managed IP, network monitoring and management and operator services, as well as the sale and maintenance of customer premise equipment.

Sell $516M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-03 Smile Brands Group

Irvine, California, United States

Smile Brands Group provides comprehensive business support services, non-clinical personnel, facilities and equipment through long term agreements with affiliated dental groups. Smile Brands Group was formed in 1998 and is headquartered in Irvine, California.

Buy -