M&A Deal Summary

Fresenius Medical Care Acquires National Cardiovascular Partners

On October 22, 2014, Fresenius Medical Care acquired healthcare services company National Cardiovascular Partners from Main Street Capital and HarbourVest Partners

Acquisition Highlights
  • This is Fresenius Medical Care’s 7th transaction in the Healthcare Services sector.
  • This is Fresenius Medical Care’s 11th transaction in the United States.
  • This is Fresenius Medical Care’s 2nd transaction in Texas.

M&A Deal Summary

Date 2014-10-22
Target National Cardiovascular Partners
Sector Healthcare Services
Buyer(s) Fresenius Medical Care
Sellers(s) Main Street Capital
HarbourVest Partners
Deal Type Add-on Acquisition

Target

National Cardiovascular Partners

Houston, Texas, United States
National Cardiovascular Partners ('NCP') was founded to facilitate the formation of outpatient cardiac cath labs, hospital based cardiovascular programs through physician partnerships and manage the development process to make this dream of complete professional control accessible to groups of cardiologists and surgeons.

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Buyer(S) 1

Buyer

Fresenius Medical Care

Bad Homburg, Germany

Category Company
Founded 1996
Sector Healthcare Services
Employees117,128
Revenue 19.5B EUR (2023)
DESCRIPTION

Fresenius Medical Care a kidney dialysis company, provides renal dialysis products and services. Fresenius Medical Care was founded in 1996 and is based in Bad Homburg, Germany.


DEAL STATS #
Overall 12 of 16
Sector (Healthcare Services) 7 of 9
Type (Add-on Acquisition) 11 of 15
State (Texas) 2 of 2
Country (United States) 11 of 12
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Sound Physicians

Tacoma, Washington, United States

Sound Physicians is a physician-founded and led organization providing services across the acute episode of care - through emergency medicine, critical care, hospital medicine, transitional care and advisory services. Sound Physicians was founded in 2001 and is based in Tacoma, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Xenios AG

Heilbronn, Germany

Xenios AG is a medical technology company involved in providing treatment of lung and cardiac failure.

Buy -

Seller(S) 2

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 20 of 45
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 13 of 21
State (Texas) 12 of 19
Country (United States) 20 of 45
Year (2014) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 East West Copolymer

Baton Rouge, Louisiana, United States

East West Copolymer LLC is a manufacturer and supplier of synthetic rubber to a broad base of customers across the industrial and tire markets. East West Copolymer is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-11 Soft Touch Medical

Marietta, Georgia, United States

Soft Touch Medical LLC is a provider of durable medical equipment and services, primarily serving pediatric patients in the greater Atlanta, Georgia metropolitan area.

Buy $16M
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 57 of 135
Sector (Healthcare Services) 1 of 8
Type (Add-on Acquisition) 20 of 58
State (Texas) 5 of 12
Country (United States) 36 of 86
Year (2014) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Datavant Group

Alpharetta, Georgia, United States

Datavant Group is a large health data ecosystem, enabling patients, providers, payers, health data analytics companies, patient-facing applications, government agencies, and life science companies to securely exchange and organize their patient-level data. The company is focused on improving patient outcomes and reducing costs by removing impediments to the secure exchange of health data. Datavant Group offers the ability to access, exchange, and connect data among the thousands of organizations in its ecosystem for use cases ranging from better clinical care and value-based payments, to health analytics and medical research.

Buy -