M&A Deal Summary

PromptCare Acquires HomeTown Oxygen

On May 3, 2018, PromptCare acquired medical products company HomeTown Oxygen from Enhanced Capital Partners

Acquisition Highlights
  • This is PromptCare’s 1st transaction in the Medical Products sector.
  • This is PromptCare’s 3rd transaction in the United States.
  • This is PromptCare’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2018-05-03
Target HomeTown Oxygen
Sector Medical Products
Buyer(s) PromptCare
Sellers(s) Enhanced Capital Partners
Deal Type Add-on Acquisition

Target

HomeTown Oxygen

Charlotte, North Carolina, United States
HomeTown Oxygen is a provider of home-based respiratory products and services in the Southeast United States. HomeTown provides ventilators, nebulizers, oxygen concentrators, liquid oxygen systems, continuous positive airway pressure machines, and other durable medical equipment through five locations in the Charlotte and Winston-Salem metropolitan regions.

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Buyer(S) 1

Buyer

PromptCare

New Providence, New Jersey, United States

Category Company
Founded 1985
Sector Healthcare Services
DESCRIPTION

PromptCare is a regional provider of specialty respiratory and infusion services. The Company combines high-tech equipment and infusion drug therapies with a tailored, -high-touch service approach to deliver superior patient care, and is a preferred partner of hospitals, physicians, and payors in managing complex medical conditions such as ALS, chronic lung conditions, and a number of nutritional and autoimmune deficiencies. PromptCare was founded in 1985 and headquartered in New Providence, New Jersey.


DEAL STATS #
Overall 3 of 7
Sector: Medical Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 6
State: North Carolina M&A 1 of 1
Country: United States M&A 3 of 7
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Boston Home Infusion

Stoughton, Massachusetts, United States

Boston Home Infusion, Inc. is a provider of home health care services to patients in the home. BHI provides infusion therapy, respiratory services, enteral therapy, and durable medical equipment for adult, pediatric and neonatal patients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 Hollywood Medical Supply

Hollywood, Florida, United States

Hollywood Medical Supply is a provider of hi-tech respiratory therapy services and related medical supplies focused on the care of medically fragile children in Florida. Hollywood Medical Supply serves more than 1,200 patients with such equipment like ventilators, apnea monitors, surgical supplies, enteral feeding, and oxygen services.

Buy -

Seller(S) 1

SELLER

Enhanced Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.


DEAL STATS #
Overall 26 of 27
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 14 of 15
State: North Carolina M&A 1 of 1
Country: United States M&A 26 of 27
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Lapolla Industries

Houston, Texas, United States

Lapolla Industries, Inc. is a global supplier and manufacturer of spray polyurethane foam for insulation and roofing applications, reflective roof coatings and equipment. Based in Houston, Texas, the Company's building envelope and roofing product solutions are designed to reduce energy consumption in the building environment, across the residential, commercial and industrial sectors, in both new construction and retrofits.

Sell $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-18 Southern Theaters

New Orleans, Louisiana, United States

Southern Theatres develops and operates multiplex, stadium-seating movie theaters in small-to-midsized markets across the southeastern United States. Southern Theatres operates 36 locations with 433 screens in Alabama, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, Ohio, Pennsylvania, South Carolina, Texas and Virginia. Southern Theaters was founded in 2002 and is based in New Orleans, Louisiana.

Sell -