M&A Deal Summary

BGH Capital Acquires ForHealth

On June 15, 2020, private equity firm BGH Capital acquired healthcare services company ForHealth from Healius for 500M AUD

Acquisition Highlights
  • This is BGH Capital’s 1st transaction in the Healthcare Services sector.
  • This is BGH Capital’s 4th largest (disclosed) transaction.
  • This is BGH Capital’s 2nd transaction in Australia.

M&A Deal Summary

Date 2020-06-15
Target ForHealth
Sector Healthcare Services
Buyer(s) BGH Capital
Sellers(s) Healius
Deal Type Divestiture
Deal Value 500M AUD

Target

ForHealth

Leichhardt, Australia
website
ForHealth is a provider of health care services with 69 medical centers, 13 medical practices, and 62 dental clinics. ForHealth is based in Leichhardt, Australia.

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Buyer(S) 1

Buyer

BGH Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2017
PE ASSETS 2.6B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

BGH Capital is a private equity firm that partners with entrepreneurs and management teams in Australia and New Zealand to build strong, sustainable, market-leading businesses. The Firm pursues mid-market companies and does not have any sector preferences. BGH Capital was formed in 2017 and is headquartered in Melbourne.


DEAL STATS #
Overall 2 of 8
Sector (Healthcare Services) 1 of 3
Type (Divestiture) 1 of 1
Country (Australia) 2 of 7
Year (2020) 1 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-05 Navitas

Perth, Australia

Navitas is an education provider that offers an extensive range of educational services through three major Divisions to students and professionals including university programs, creative media education, professional education, English language training and settlement services. Navitas was founded in 1994 and is based in Perth, Australia.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Village Roadshow

South Yarra, Australia

Village Roadshow is a diversified entertainment industry. It provides them parks and film production and distribution divisions. Village Roadshow was founded in 1954 and is based in South Yarra, Australia.

Buy $548M

Seller(S) 1

SELLER

Healius

Sydney, Australia

website


Category Company
Founded 1994
Sector Healthcare Services
Employees11,000
Revenue 2.3B AUD (2022)
DESCRIPTION

Healius is a comprehensive range of services and facilities to general practitioners, specialists and other health care providers who conduct their own practices and businesses at its medical centres, licensed day surgeries, specialist and dental clinics. Primary Health Care centres operate throughout Australia and its formula for medical centres and services offers value to doctors and patients while providing for a relatively low cost of operation. Healius was founded in 1994 and is based in Sydney, Australia.


DEAL STATS #
Overall 3 of 4
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 3 of 4
Country (Australia) 3 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Medical Director

Sydney, Australia

Medical Director is a provider of clinical and enterprise software solutions to general practitioners, medical specialists and allied health professionals, Medical Director captures over 60 million patient consultations per annum. The company is focused on developing state‐of‐the‐art technology and cutting edge tools tailored specifically for the healthcare sector. It is supported by dedicated software development and customer service teams who are committed to delivering outstanding service and products.  Medical Director also provides clinical knowledge solutions to governments, hospital and community pharmacies and other healthcare providers. MedicalDirector is based in Sydney, Australia.

Sell AU$155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-25 Adora Fertility

Surry Hills, Australia

Adora Fertility is a provider of affordable and accessible fertility services. Their range of treatment options includes ovulation induction/ovulation tracking, IUI, IVF/ICSI, Frozen Embryo Transfers, Egg Freezing and a Known Donor program. Adora Fertility is based in Surry Hills, Australia.

Sell AU$31M