M&A Deal Summary

IASIS Healthcare Acquires Brim Holdings

On October 1, 2010, IASIS Healthcare acquired healthcare services company Brim Holdings from Altaris Capital Partners for 95M USD

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

M&A Deal Summary
Date 2010-10-01
Target Brim Holdings
Sector Healthcare Services
Buyer(s) IASIS Healthcare
Sellers(s) Altaris Capital Partners
Deal Type Divestiture
Deal Value 95M USD

Target

Brim Holdings

Franklin, Tennessee, United States
Brim Holdings, Inc. owned and managed acute care providers, with a focus on rural and critical access hospitals.

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Buyer(S) 1

Buyer

IASIS Healthcare

Franklin, Tennessee, United States

website

Category Company
Founded 1998
Sector Healthcare Services
DESCRIPTION

IASIS Healthcare Corp. is an owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. Additionally, IASIS owns and operates a Medicaid managed health plan in Phoenix that serves over 108,000 members. IASIS Healthcare was formed in 1998 and is based in Franklin, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-02 SJ Medical Center

Houston, Texas, United States

SJ Medical Center LLC is a provider of healthcare services.

Buy -

Seller(S) 1

SELLER

Altaris Capital Partners

New York City, New York, United States

website

Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Altaris Capital Partners is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris Capital Partners was formed in 2004 and is based in New York City.

DEAL STATS #
Overall 2 of 24
Sector (Healthcare Services) 1 of 6
Type (Divestiture) 1 of 2
State (Tennessee) 1 of 2
Country (United States) 2 of 22
Year (2010) 1 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-06 SpecialtyCare

Brentwood, Tennessee, United States

SpecialtyCare is a provider of outsourced operating room services including perfusion and intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support. SpecialtyCare was founded in 2006 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-06 Creganna-Tactx Medical

Galway , Ireland

Creganna-Tactx Medical is a provider of an outsourced design and manufacturing services of minimally invasive delivery and access devices.

Sell €223M
Mergr

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