M&A Deal Summary

Emeritus Acquires Nurse On Call

On November 13, 2012, Emeritus acquired healthcare services company Nurse On Call from Kinderhook Industries for 102M USD

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

M&A Deal Summary

Date 2012-11-13
Target Nurse On Call
Sector Healthcare Services
Buyer(s) Emeritus
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition
Deal Value 102M USD

Target

Nurse On Call

Lake Worth, Florida, United States
website
Nurse On Call is a Medicare licensed home health care agency that employs registered and licensed nurses to provide a variety of medically necessary services to home bound patients.

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Buyer(S) 1

Buyer

Emeritus

Seattle, Washington, United States

Category Company
Sector Consumer Services
DESCRIPTION

Emeritus Corporation is an operator of assisted living facilities in the United States, with 135 managed properties in 29 states. The assisted living industry provides living facilities for elderly people who require assistance with such activities of daily living as bathing, dressing, and taking medication, but who do not require the more expensive attention of a nursing home or hospital. Emeritus is based in Seattle, Washington.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 11 of 38
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 9 of 29
State (Florida) 1 of 3
Country (United States) 10 of 37
Year (2012) 4 of 4
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 CareerArc

Burbank, California, United States

CareerArc serves as the next generation of social recruiting solutions for job seekers, college students, employers and higher education institutions. With a fundamental shift in the way people find and consume content, businesses have an enormous opportunity to stay more connected with job seekers and generate powerful word of mouth about their brand. CareerArc provides powerful applications to make this possible as well as online job, internship and content solutions to aid job seekers and career professionals to strengthen their skills.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 IDQ Operating

Garland, Texas, United States

IDQ Operating, Inc. is a manufacturer of automotive A/C products for the “do-it-yourselfer” and professional service technician. IDQ offers a broad product line that includes value-added R-134a refrigerants to A/C tools and accessories, from one-step recharging and stop leak products to leak detection and lubricants.

Buy $305M