M&A Deal Summary

RegionalCare Hospital Partners Acquires Essent Healthcare

On September 6, 2011, RegionalCare Hospital Partners acquired healthcare services company Essent Healthcare from Vestar Capital Partners and Cressey for 260M USD

Acquisition Highlights
  • This is RegionalCare Hospital Partners’ 1st transaction in the Healthcare Services sector.
  • This is RegionalCare Hospital Partners’ largest (disclosed) transaction.
  • This is RegionalCare Hospital Partners’ 1st transaction in the United States.
  • This is RegionalCare Hospital Partners’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2011-09-06
Target Essent Healthcare
Sector Healthcare Services
Buyer(s) RegionalCare Hospital Partners
Sellers(s) Vestar Capital Partners
Cressey
Deal Type Add-on Acquisition
Deal Value 260M USD
Advisor(s) Barclays Investment Bank (Financial)
K&L Gates LLP
Kirkland & Ellis (Legal)

Target

Essent Healthcare

Nashville, Tennessee, United States
website
Essent Healthcare, Inc. is owns and operates non-urban acute care hospitals that are essential to communities in Pennsylvania, Massachusetts, Connecticut, and Texas.

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Buyer(S) 1

Buyer

RegionalCare Hospital Partners

Brentwood, Tennessee, United States

website

Category Company
Sector Healthcare Services
DESCRIPTION

RegionalCare Hospital Partners is an owner and operator of regional acute care facilities. RegionalCare Hospital Partners is based in Brentwood, Tennessee.

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

Seller(S) 2

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 43 of 64
Sector (Healthcare Services) 2 of 4
Type (Add-on Acquisition) 17 of 27
State (Tennessee) 1 of 1
Country (United States) 34 of 51
Year (2011) 2 of 2
Size (of disclosed) 19 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 IRI

Chicago, Illinois, United States

IRI is a provider of big data, predictive analytics and forward-looking insights that help CPG companies, OTC health care organizations, retailers, financial services and media companies grow their businesses. IRI was founded in 1979 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-20 International Asset Systems

Oakland, California, United States

International Asset Systems is a provider of cloud-based solutions for global logistics and transportation management. IAS serves providers of global transportation, focusing on first- and last-mile landside movement for logistics service providers, motor carriers, ocean carriers, railroads and equipment lessors.

Buy -
SELLER

Cressey

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cressey & Company LP is a specialist private equity investment firm focused on buy-and-build opportunities in the healthcare sector. The firm invests in the range of $10 - $100 million and EBITA of at least $5 million. The firm specific areas of interest include hospitals, homecare, outpatient services, and specialty distribution. Types of transaction include buyout, growth and recapitalization. It also seeks controlling interest. Cressey & Company has offices in Chicago, Illinois and Nashville, Tennessee.

DEAL STATS #
Overall 7 of 21
Sector (Healthcare Services) 4 of 12
Type (Add-on Acquisition) 3 of 10
State (Tennessee) 1 of 4
Country (United States) 6 of 20
Year (2011) 4 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-13 Midwest Dental

Mondovi, Wisconsin, United States

Midwest Dental, Inc. is a provider of business management services for dental offices serving communities throughout the Midwest. Dental practices affiliated with Midwest Dental offer a comprehensive range of treatment services including preventive, cosmetic, restorative, and reconstructive dentistry for adults and children. Midwest Dental was formed in 1968 and is based in Mondovi, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-20 InnerChange

Orem, Utah, United States

InnerChange is a provider of residential treatment offering clinically sophisticated therapeutic services and accredited academics to young women with behavioral, emotional and substance abuse problems. InnerChange was founded in 2006 and is based in Orem, Utah.

Buy -
Mergr

Product

Company

Legal