M&A Deal Summary

Elara Caring Acquires Great Lakes Caring

On April 10, 2018, Elara Caring acquired healthcare services company Great Lakes Caring from Blue Wolf Capital Partners

Acquisition Highlights
  • This is Elara Caring’s 3rd transaction in the Healthcare Services sector.
  • This is Elara Caring’s 3rd transaction in the United States.
  • This is Elara Caring’s 1st transaction in Michigan.

M&A Deal Summary
Date 2018-04-10
Target Great Lakes Caring
Sector Healthcare Services
Buyer(s) Elara Caring
Sellers(s) Blue Wolf Capital Partners
Deal Type Merger

Target

Great Lakes Caring

Jackson, Michigan, United States
website
Great Lakes Home Health Services, Inc. (dba Great Lakes Caring) is a provider of home health care, hospice care, as well as home medical equipment, daily to more than 6,000 patients throughout the Midwest. Great Lakes Caring, based in Jackson, Michigan, offers a broad range of services within the continuum of in-home health care including home health, hospice, home-based primary care, palliative care and private duty services. The company was founded in 1994 by Cherilyn Deary, and has built its business on a patient-centric commitment to superior quality and innovation. Great Lakes Caring has become one of the highest rated home health and hospice companies in the country, developing and implementing its products and services throughout the Midwest. The company employs more than 2,600 health care professionals in 25 offices, providing superior quality home health care, hospice care, palliative care as well as home-based primary care and private duty services to more than 9,000 patients daily.

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Buyer(S) 1

Buyer

Elara Caring

Dallas, Texas, United States

website

Category Company
Founded 1975
Sector Consumer Services
DESCRIPTION

Elara Caring is a provider of home-based care, with a national footprint in the Northeast, Midwest, and Southwest. Elara Caring leads patients through the post-acute care journey by providing the appropriate level of care, delivered wherever our patients call home. The company’s intimate understanding of its patients’ needs allows it to apply proprietary platforms to deliver proactive, customized care that improves quality of life and keeps patients in their homes. Elara Caring was founded in 1975 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 5
Sector (Healthcare Services) 3 of 4
Type (Merger) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 5
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Jordan Health Services

Addison, Texas, United States

Jordan Health Services is a provider of home health services, including personal care, home management, and skilled nursing, to Medicaid and/or Medicare eligible patients throughout the entire state of Texas. With over 12,000 employees in 28 locations serving thousands of clients, Jordan Health Services is one of the largest home healthcare providers in the state of Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Assisted Daily Living

Warwick, Rhode Island, United States

Assisted Daily Living is a 50-person, privately owned skilled home healthcare company that provides basic health monitoring, diabetes, medication management, and wound care services. Assisted Daily Living is based in Warwick, Rhode Island.

Buy -

Seller(S) 1

SELLER

Blue Wolf Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Wolf Capital Partners is a private equity investment firm that targets control investments in middle-market North American companies. Blue Wolf looks to commit at least $25 million of equity capital in businesses with minimum revenues of $50 million. Blue Wolf is a generalist firm with broad interest in service and applied engineering companies, capital equipment manufacturers, general manufacturing, financial services, paper products, and broadcast media. Blue Wolf will also consider distressed situation investments. The Firm does not invest in start-ups. Blue Wolf Capital Partners was formed in 2005 and is located in New York, New York.

DEAL STATS #
Overall 9 of 16
Sector (Healthcare Services) 2 of 2
Type (Merger) 2 of 3
State (Michigan) 1 of 2
Country (United States) 8 of 14
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 National Home Health Care

Scarsdale, New York, United States

National Home Health Care Corp., through its five subsidiaries, delivers home care services to address the practical, physical and emotional needs of its patients and their families.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 TGW Global

Sheffield, United Kingdom

TGW Global Ltd. is a machine knife manufacturing with facilities and distributors scattered around the globe - providing customers with valuable, convenient and relevant information about our diverse range of products and services. The main orientation of the company is machine knife manufacturing with an emphasis on affordable and reliable products. TGW was formed in 1908 and is based in Sheffield, United Kingdom.

Buy -
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