M&A Deal Summary |
|
|---|---|
| Date | 2007-04-16 |
| Target | AmeriPath |
| Sector | Healthcare Services |
| Buyer(s) | Quest Diagnostics |
| Sellers(s) |
Welsh Carson Anderson & Stowe
Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.0B USD |
| Advisor(s) | Ropes & Gray (Legal) |
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| Category | Company |
|---|---|
| Founded | 1967 |
| Sector | Healthcare Services |
| Employees | 40,000 |
| Revenue | 9.9B USD (2022) |
Quest Diagnostics is the world's leading provider of diagnostic information services that patients and doctors need to make better healthcare decisions. The company offers the broadest access to diagnostic information services through its network of laboratories and patient service centers, and provides interpretive consultation through its extensive medical and scientific staff. Quest Diagnostics was founded in 1967 and is based in Secaucus, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 37 |
| Sector (Healthcare Services) | 5 of 22 |
| Type (Add-on Acquisition) | 6 of 25 |
| State (Florida) | 1 of 1 |
| Country (United States) | 5 of 35 |
| Year (2007) | 2 of 2 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-01 |
HemoCue AB
Angelholm, Sweden For more than 10 years, HemoCue had been a recognized global leader in professional diagnostics point-of-care testing. The product strategies behind HemoCue's success where based on a clear focus on important diagnostic tests of the highest quality, which was fast and easy to perform by anyone. |
Buy | $420M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-12-09 |
Pathway Diagnostics
Malibu, California, United States Pathway Diagnostics Corp. is a full-service biomarker assay development and commercialization company that uniquely combines expertise in clinical biomarker diagnostics with access to intellectual property, a broad range of technology platforms, and full-service central laboratory for clinical trials that is licensed under CLIA/CAP and compliant with GLP/GCP regulations. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1979 |
| PE ASSETS | 27.0B USD |
| Size | Mega |
| Type | Sector Focused |
Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 73 |
| Sector (Healthcare Services) | 8 of 25 |
| Type (Add-on Acquisition) | 8 of 43 |
| State (Florida) | 2 of 3 |
| Country (United States) | 14 of 70 |
| Year (2007) | 1 of 5 |
| Size (of disclosed) | 5 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-08 |
United Surgical Partners International
Addison, Texas, United States United Surgical Partners International, Inc. is a develops ambulatory surgery centers primarily in partnership with hospitals and with physicians in the U.S. |
Buy | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-05-03 |
The BISYS Group
New York, New York, United States The BISYS Group, Inc. provides outsourcing solutions that help investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. |
Sell | $1.5B |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 129 of 281 |
| Sector (Healthcare Services) | 10 of 32 |
| Type (Add-on Acquisition) | 56 of 126 |
| State (Florida) | 8 of 17 |
| Country (United States) | 125 of 243 |
| Year (2007) | 3 of 12 |
| Size (of disclosed) | 4 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-28 |
Hyperion Solutions
Santa Clara, California, United States Hyperion Software creates applications that support enterprise wide financial planning budgeting, forecasting, consolidation and business analysis. |
Sell | $3.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-04-19 |
National Veterinary Associates
Agoura Hills, California, United States National Veterinary Associates, Inc. is one of the largest veterinary and pet care services organizations in the world. NVA partners with over 700 general practice hospitals, specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Canada, Australia, and New Zealand. NVA’s 14,000 team members and 2,600 veterinarians are united by a common purpose – a love for animals and the people who love them – and a common mission – to improve the comfort and well-being of animals by providing progressive and compassionate care. NVA’s veterinarians and animal care professionals provide a full range of medical and surgical services. T |
Buy | - |
