M&A Deal Summary

St. David’s HealthCare and MedCath Acquire Heart Hospital Of Austin

On February 18, 2011, St. David’s HealthCare and MedCath acquired healthcare services company Heart Hospital Of Austin for 84M USD

Acquisition Highlights
  • This is St. David’s HealthCare’s 1st and MedCath’s 1st transaction in the Healthcare Services sector.
  • This is St. David’s HealthCare’s and MedCath’s largest (disclosed) transaction.
  • This is St. David’s HealthCare’s 1st and MedCath’s 1st transaction in the United States.
  • This is St. David’s HealthCare’s 1st and MedCath’s 1st transaction in Texas.

M&A Deal Summary
Date 2011-02-18
Target Heart Hospital Of Austin
Sector Healthcare Services
Buyer(s) St. David’s HealthCare
MedCath
Deal Type Add-on Acquisition
Deal Value 84M USD
Advisor(s) Navigant Capital Advisors LLC (Financial)

Target

Heart Hospital Of Austin

Austin, Texas, United States
website
Heart Hospital Of Austin The uniquely designed 58-bed hospital offers a full range of cardiac services and includes a 24-hour full-service emergency center.

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Buyer(S) 2

Buyer

St. David’s HealthCare

Austin, Texas, United States

website

Category Company
Sector Healthcare Services
DESCRIPTION

St. David’s HealthCare includes seven of the area’s leading hospitals and is one of the largest health systems in Texas.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
Buyer

MedCath

Charlotte, North Carolina, United States

website

Category Company
Founded 1996
Sector Healthcare Services
Employees272
Revenue 442M USD (2014)
DESCRIPTION

MedCath Corp. is a developer, owner and operator of hospitals in partnership with cardiologists and cardiovascular surgeons.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-09 Arizona Heart Hospital

Phoenix, Arizona, United States

Sell $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 Heart Hospital of New Mexico

Albuquerque, New Mexico, United States

Heart Hospital of New Mexico independent cardiovascular medical group in the region, providing state-of-the-art care for patients statewide, and accepting most insurance programs and Medicare.

Sell $119M
Mergr

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