M&A Deal Summary

InTandem Capital Partners and Maranon Capital Acquire Vivo Infusion

On January 1, 2021, private equity firm InTandem Capital Partners and mezzanine finance firm Maranon Capital acquired healthcare services company Vivo Infusion

Acquisition Highlights
  • This is InTandem Capital Partners’ 3rd and Maranon Capital’s 2nd transaction in the Healthcare Services sector.
  • This is InTandem Capital Partners’ 3rd and Maranon Capital’s 34th transaction in the United States.
  • This is InTandem Capital Partners’ 1st and Maranon Capital’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2021-01-01
Target Vivo Infusion
Sector Healthcare Services
Buyer(s) InTandem Capital Partners
Maranon Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Vivo Infusion

Lakewood, Colorado, United States
Vivo Infusion is a provider of accessible, affordable, and safe community-based infusion and injection care for patients suffering from compromised immune systems, infectious disease, and other medical conditions. The company provides convenient, compassionate, expert care administered in safe and inviting state-of-the-art facilities using efficient and cost-effective patient-focused best practices. It currently serves communities in Colorado, Florida, Ohio, Oklahoma, and Texas with plans to expand into additional states. Vivo Infusion was formed in 2022 and is based in Lakewood, Colorado.

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Buyer(S) 2

Buyer

InTandem Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

InTandem Capital Partners is a private equity firm focused on opportunities in the healthcare and insurance sectors. The Firm targets scalable businesses with low technology risk and recurring revenues. Prospective companies are generally profitable with $5 to $15 million of EBITDA. InTandem Capital Partners was established in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 3 of 7
Sector (Healthcare Services) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Colorado) 1 of 1
Country (United States) 3 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Cano Health

Pembroke Pines, Florida, United States

Cano Health is a Full Service Health Care center offering Medical, Dental and Urgent Care. Cano Health is a rapidly growing operator of “Primary Care Plus” healthcare centers focused on improving the lives of individuals, families, and communities. In addition to primary medical care, Cano Health has specialty programs in the fields of Venous Medicine, Arthritis, Allergy, and Weight Loss. It is one of the few outpatient healthcare organizations to hold JAHCO accreditation and major academic affiliations. Cano Health proudly operates prestigious medical centers in both Miami-Dade and Broward counties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 Providence Care

Rock Hill, South Carolina, United States

Providence Care is a provider of post-acute and end-of-life services throughout the state of South Carolina. By utilizing an integrated home care model, the company provides its patients with specialty services including house calls, home health care, telehealth, palliative, and hospice care services. Through innovation, technology, and quality outcome measures, it provides a better patient experience throughout the patient’s care journey. Providence Care was formed in 2010 and is headquartered in Rock Hill, South Carolina.

Buy -
Buyer

Maranon Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Maranon Capital LP is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non sponsored middle market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Prospective companies are valued between $30 and $150 million and generate $5 to $30 million of EBITDA. Maranon looks to invest $2 to $10 million for equity co-investments, $5 to $30 million for junior capital needs, and $10 to $50 million for senior debt requirements. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital LP was formed in 2007 and is based in Chicago. The Firm has additional offices in Birmingham, Michigan and South Bend, Indiana.

DEAL STATS #
Overall 35 of 38
Sector (Healthcare Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Colorado) 3 of 3
Country (United States) 34 of 37
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Wedgewood Pharmacy

Swedesboro, New Jersey, United States

Wedgewood Pharmacy is a pharmacy specializing in animal health, addiction medicine, and urology. Wedgewood has a broad and diverse portfolio of offerings, leading to low customer and stock concentration; holds strategic partnerships with veterinary corporate groups; and offers a defined value proposition to veterinary clinics and pet owners. Wedgewood Pharmacy was founded in 1980 and is based in Swedesboro, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Advent Home Medical

Pontiac, Michigan, United States

Advent Home Medical is a high-tech medical equipment company. Family owned and operated by a respiratory therapist, Advent's home ventilator program, home tracheostomy program & ventilator weaning program are designed to safely transition home the most complex respiratory patients of all ages. Advent Home Medical was founded in 2004 and is based in Pontiac, Michigan.

Buy -
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