M&A Deal Summary

Almost Family Acquires Bracor

On February 25, 2015, Almost Family, Inc. acquired healthcare services company Bracor, Inc. (dba WillCare HealthCare) from Summer Street Capital Partners for 51M USD

Acquisition Highlights
  • This is Almost Family’s 8th transaction in the Healthcare Services sector.
  • This is Almost Family’s 3rd largest (disclosed) transaction.
  • This is Almost Family’s 8th transaction in the United States.
  • This is Almost Family’s 1st transaction in New York.

M&A Deal Summary

Date 2015-02-25
Target Bracor, Inc. (dba WillCare HealthCare)
Sector Healthcare Services
Buyer(s) Almost Family, Inc.
Sellers(s) Summer Street Capital Partners
Deal Type Add-on Acquisition
Deal Value 51M USD

Target

Bracor, Inc. (dba WillCare HealthCare)

Buffalo, New York, United States
website
Bracor, Inc. (dba WillCare HealthCare) is a provider of skilled home health and personal care services

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Buyer(S) 1

Buyer

Almost Family, Inc.

Louisville, Kentucky, United States

website


Category Company
Founded 1976
SectorHealthcare Services
Employees14,200
Revenue 532M USD (2016)
DESCRIPTION

Almost Family, Inc. is a provider of home health nursing, rehabilitation and personal care services. The company providing skilled compassionate home health care in our local communities. Almost Family was founded in 1976 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 8 of 13
Sector (Healthcare Services) 8 of 12
Type (Add-on Acquisition) 5 of 8
State (New York) 1 of 1
Country (United States) 8 of 13
Year (2015) 1 of 3
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 SunCrest Healthcare, Inc.

Madison, Tennessee, United States

SunCrest Healthcare is a provider of multidisciplinary home health care services to the elderly. The Company operates over 90 branches across 10 states, employing more than 3,000 healthcare professionals and also provides private duty outpatient rehabilitation and hospice services in select markets.

Buy $76M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 Ingenios Health Co.

Jacksonville, Florida, United States

Ingenios Health Co. is a provider of technology enabled in-home clinical assessments for Medicare Advantage, Managed Medicaid and Commercial Exchange lives in 7 states and Washington, D.C.

Buy -

Seller(S) 1

SELLER

Summer Street Capital Partners

Buffalo, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of $20 to $150 million. Target industries include niche manufacturing, food products, business services, restaurants, healthcare products/services, waste collection/disposal, and career education. Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Buffalo, New York.


DEAL STATS #
Overall 8 of 14
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (New York) 6 of 8
Country (United States) 8 of 13
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 Dwellworks LLC

Cleveland, Ohio, United States

Dwellworks LLC is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-03 ARN Industries, Inc.

Norcross, Georgia, United States

Halco Lighting Technologies is a manufacturer of lamps and ballasts for commercial/industrial, residential, and specialty lighting applications. Halco Lighting Technologies was established in 1974 and is based in Norcross, Georgia.

Buy -