M&A Deal Summary

Amedisys Acquires Housecall Medical Resources

On July 1, 2005, Amedisys acquired healthcare services company Housecall Medical Resources from EDG Partners, WindRose Health Investors and Farragut Capital Partners for 106M USD

Acquisition Highlights
  • This is Amedisys’ 1st transaction in the Healthcare Services sector.
  • This is Amedisys’ largest (disclosed) transaction.
  • This is Amedisys’ 1st transaction in the United States.
  • This is Amedisys’ 1st transaction in Georgia.

M&A Deal Summary

Date 2005-07-01
Target Housecall Medical Resources
Sector Healthcare Services
Buyer(s) Amedisys
Sellers(s) EDG Partners
WindRose Health Investors
Farragut Capital Partners
Deal Type Add-on Acquisition
Deal Value 106M USD

Target

Housecall Medical Resources

Atlanta, Georgia, United States
Housecall Medical Resources, Inc., develops into a multi-service-line home healthcare platform with strong geographic coverage in Tennessee and Florida, particularly in their rural markets. Housecall employed approximately 3,000 full and part time, largely female staff and served primarily elderly patients covered under the Medicare and Medicaid benefits.

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Buyer(S) 1

Buyer

Amedisys

Baton Rouge, Louisiana, United States

website


Category Company
Founded 1982
Sector Healthcare Services
Employees21,000
Revenue 2.1B USD (2020)
DESCRIPTION
Amedisys' corporate headquarters in Baton Rouge, Louisiana.
Amedisys' corporate headquarters in Baton Rouge, Louisiana.

Amedisys provides home health and hospice care services. Amedisys was formed in 1982 and is based in Baton Rouge, Louisiana.


DEAL STATS #
Overall 1 of 16
Sector (Healthcare Services) 1 of 13
Type (Add-on Acquisition) 1 of 15
State (Georgia) 1 of 1
Country (United States) 1 of 16
Year (2005) 1 of 2
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-30 AccuMed Home Health Care

Denton, Texas, United States

AccuMed Home Health Care is a provider of home nursing with a focus on serving medicare beneficiaries.

Buy $73M

Seller(S) 3

SELLER

EDG Partners

Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 260M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

EDG Partners is a specialist private investment firm focused on investments in healthcare companies. EDG looks for growth-oriented opportunities located within the US. EDG will not invest in biotech or businesses with FDA development risk.


DEAL STATS #
Overall 1 of 13
Sector (Healthcare Services) 1 of 6
Type (Add-on Acquisition) 1 of 6
State (Georgia) 1 of 1
Country (United States) 1 of 13
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Caresite Pharmacy

Danville, United States

Caresite Pharmacy is a retail drug store and a centralized specialty pharmacy business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-01 Regency Healthcare Group

Nashville, Tennessee, United States

Regency Healthcare Group is a Medicare-certified provider of home-based hospice services serving Birmingham and northeast and central Alabama, Georgia, South Carolina, Tennessee, Missouri, and Florida.

Buy -
SELLER
DESCRIPTION

MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 2 of 23
Sector (Healthcare Services) 2 of 15
Type (Add-on Acquisition) 2 of 11
State (Georgia) 1 of 2
Country (United States) 2 of 23
Year (2005) 2 of 2
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 HMS Healthcare

Greenwood Village, Colorado, United States

HMS Healthcare, Inc. was a holding company that was established solely for the acquisition of Sloans Lake Managed Care ('SLMC') and PPOM LLC, two independent non-risk access preferred provider organizations ('PPOs').

Sell $390M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-16 Loving Care Agency

Hasbrouck Heights, New Jersey, United States

Loving Care Agency, Inc. is a providers of pediatric skilled nursing services in the United States with locations in New Jersey, Pennsylvania, Indiana and Delaware as well as the largest provider of home health aide services. Loving Care Agency was formed in 1993 and is based in Hasbrouck Heights, New Jersey.

Buy -
SELLER

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 8 of 25
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 4 of 11
State (Georgia) 2 of 3
Country (United States) 8 of 25
Year (2005) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-18 Avborne Accessory Group

Miami, Florida, United States

AAR is a provider of diverse products and services to the worldwide commercial aviation and government/defense industries. AAR combines a close-to-the-customer business model with a broad range of capabilities to help customers operate more efficiently, lower costs and maintain high levels of quality, safety and service.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Jet Direct Aviation

Berwyn, Pennsylvania, United States

Jet Direct Aviation, LLC was formed as a consolidation opportunity in the multi-billion dollar private jet charter market of the aviation industry with the purpose of initially acquiring 100% of Summit Jet Corporation, a Long Island-based private jet charter business that is number three in the New York market. JetDirect seeks to provide private jet charter services in eight major markets across the U.S

Buy -