M&A Deal Summary

MPT Acquires Ernest Health

On January 31, 2012, MPT acquired healthcare services company Ernest Health from Ferrer Freeman for 400M USD

Acquisition Highlights
  • This is MPT’s 1st transaction in the Healthcare Services sector.
  • This is MPT’s 2nd largest (disclosed) transaction.
  • This is MPT’s 1st transaction in the United States.
  • This is MPT’s 1st transaction in Pennsylvania.
Investment Fate
  • Ernest Health was divested to a consortium of buyers in 2018.

M&A Deal Summary
Date 2012-01-31
Target Ernest Health
Sector Healthcare Services
Buyer(s) MPT
Sellers(s) Ferrer Freeman
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

Ernest Health

Mechanicsburg, Pennsylvania, United States
website
Ernest Health is a developer and operator of inpatient rehabilitation and related post-acute healthcare services. The Company primarily focuses on development opportunities in the western and southwestern U.S. Ernest Health was founded in 2003 and is based in Mechanicsburg, Pennsylvania.

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Buyer(S) 1

Buyer

MPT

Birmingham, Alabama, United States

website

Category Company
Sector Real Estate
Employees119
Revenue 1.5B USD (2022)
DESCRIPTION

MPT is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities.

DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Capella Healthcare

Franklin, Tennessee, United States

Capella Healthcare is a provider of healthcare services. Capella Healthcare is based in Franklin, Tennessee.

Buy $900M

Seller(S) 1

SELLER

Ferrer Freeman

Greenwich, Connecticut, United States

website

Category Private Equity Firm
Founded 1995
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Ferrer Freeman & Co. (FFC) is a private equity firm that invests exclusively in healthcare companies generating sales minimum $20 to $200 million. FFC also invests in clinical products and outsourcing/infrastructure businesses serving the healthcare sector. FFC looks to commit $10 to $40 million per transaction and focuses primarily on growth capital financings and build-ups. However, the Firm will also selectively fund buyouts as well. Ferrer Freeman & Co. LLC was formed in 1995 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 17 of 23
Sector (Healthcare Services) 7 of 11
Type (Add-on Acquisition) 12 of 15
State (Pennsylvania) 2 of 2
Country (United States) 17 of 23
Year (2012) 1 of 3
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-11 Drive DeVilbiss Healthcare

Port Washington, New York, United States

Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Currently, the company has corporate offices, manufacturing facilities and distribution facilities located throughout the United States, Canada, the United Kingdom, France, Germany, China, Hong Kong, Romania, Australia, the Netherlands and India. Drive DeVilbiss Healthcare was founded in 2000 and is based in Port Washington, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-28 Preferred Care Partners

Miami, Florida, United States

Preferred Care Partners is a provider of managed care services exclusively to Medicare members in South Florida.

Sell -
Mergr

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