M&A Deal Summary

Select Medical Acquires SemperCare

On January 5, 2005, Select Medical acquired healthcare services company SemperCare from Marwit Capital and Capital Resource Partners for 100M USD

Acquisition Highlights
  • This is Select Medical’s 1st transaction in the Healthcare Services sector.
  • This is Select Medical’s 4th largest (disclosed) transaction.
  • This is Select Medical’s 1st transaction in the United States.
  • This is Select Medical’s 1st transaction in Texas.

M&A Deal Summary
Date 2005-01-05
Target SemperCare
Sector Healthcare Services
Buyer(s) Select Medical
Sellers(s) Marwit Capital
Capital Resource Partners
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

SemperCare

Plano, Texas, United States
website
SemperCare is the 2nd largest operator of long term acute care hospitals (LTACHs) utilizing the hospital-within-a-hospital model in the U.S. The Company currently operates 19 LTACHs in collaboration with prominent, market leading medical centers across the United States.

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Buyer(S) 1

Buyer

Select Medical

Mechanicsburg, Pennsylvania, United States

website

Category Company
Founded 1996
Sector Healthcare Services
Employees351,000
Revenue 5.5B USD (2020)
DESCRIPTION

Select Medical is an operator of acute care hospitals, medical rehabilitation hospitals. Select Medical Holdings was founded in 1996 and is based in Mechanicsburg, Pennsylvania.

DEAL STATS #
Overall 1 of 7
Sector (Healthcare Services) 1 of 7
Type (Add-on Acquisition) 1 of 6
State (Texas) 1 of 2
Country (United States) 1 of 7
Year (2005) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 Regency Hospital

Alpharetta, Georgia, United States

Regency Hospitals are part of a national network of specialized acute care hospitals within Select Medical.

Buy $210M

Seller(S) 2

SELLER

Marwit Capital

Newport Beach, California, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 1962
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marwit Capital Partners is a private equity group that targets West Coast based small company investments. Marwit generally invests $10 to $40 million of capital in businesses with $20 to $200 million of revenue. Marwit will consider both control and non-control situations. Prospective transactions include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, and expansion financings. Sectors of interest include manufacturing, business services, consumer products and services, healthcare services, food, food services, restaurants, and fanchising. Marwit is licensed as a SBIC. Marwit Capital was formed in 1962 and is based in Newport Beach, California.

DEAL STATS #
Overall 14 of 23
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 4 of 9
State (Texas) 2 of 2
Country (United States) 13 of 22
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-30 Signature Theatres

Kalispell, United States

Signature Theatres is the 12th largest movie theatre chain in the U.S., and the second largest in Northern California. The company operates 30 theatres comprising 309 screens in California, Hawaii and Montana. In 1997 and 1998, Marwit led $22.5 million of structured equity investments in the Company to support a growth and expansion plan. Co-investors in the Company include Key Principal Partners. In September 2004, the Company was sold to Regal Entertainment Group (NYSE: RGC), the largest theatre exhibition company in the world, for $200 million in cash, at which time Marwit fully realized its investments.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-23 Promax Nutrition

Oakmont, Pennsylvania, United States

Promax Nutrition Corporation, through its brands Promax, Pure Bar, and Storm, is a leading developer and marketer of organic and protein bars and nutritional supplements sold through natural food, health & fitness, food, drug & mass, and specialty retail channels. Promax Nutrition was founded in 1996 and is based in Oakmont, Pennsylvania.

Buy -
SELLER

Capital Resource Partners

Wellesley, Massachusetts, United States

Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capital Resource Partners (CRP) is a provider of debt and equity capital to lower middle-market companies throughout the United States. CRP typically provides $1 to $15 million of junior capital to support 'late-stage expansion, recapitalization, and incremental acquisition investments'. Target companies are generally profitable with at least $5 million in annual sales. Sectors of interest include business services, consumer products and services, healthcare services, proprietary industrial products and services, and software/information services. Capital Resource Partners was formed in 1987 and is based in Wellesley, Massachusetts.

DEAL STATS #
Overall 6 of 33
Sector (Healthcare Services) 2 of 5
Type (Add-on Acquisition) 4 of 17
State (Texas) 1 of 5
Country (United States) 6 of 31
Year (2005) 1 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Ardence

Waltham, Washington, United States

Ardence, Inc. is a provider of embedded software and services for Windows-based Intelligent Connected Equipment (ICE).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Summit Global Partners

Dallas, Texas, United States

USI is a growing and diversified insurance and financial services firm focused on providing fully integrated distribution of general and specialty property and casualty insurance and financial services such as employee benefits outsourcing and related consulting.

Sell -
Mergr

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