M&A Deal Summary

SpecialtyCare Acquires Sentient Medical Systems

On October 26, 2016, SpecialtyCare acquired healthcare services company Sentient Medical Systems from Dubin Clark & Company and Midwest Mezzanine Funds

Acquisition Highlights
  • This is SpecialtyCare’s 1st transaction in the Healthcare Services sector.
  • This is SpecialtyCare’s 4th transaction in the United States.
  • This is SpecialtyCare’s 1st transaction in Maryland.

M&A Deal Summary
Date 2016-10-26
Target Sentient Medical Systems
Sector Healthcare Services
Buyer(s) SpecialtyCare
Sellers(s) Dubin Clark & Company
Midwest Mezzanine Funds
Deal Type Add-on Acquisition

Target

Sentient Medical Systems

Hunt Valley, Maryland, United States
website
Sentient Medical Systems is a provider of intraoperative monitoring (“IOM”) services and non-surgical diagnostic monitoring services to approximately 300 health care facilities in 24 states.

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Buyer(S) 1

Buyer

SpecialtyCare

Brentwood, Tennessee, United States

website

Category Company
Founded 2006
Sector Healthcare Services
DESCRIPTION

SpecialtyCare is a provider of outsourced operating room services including perfusion and intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support. SpecialtyCare was founded in 2006 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 4 of 6
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 4 of 6
State (Maryland) 1 of 1
Country (United States) 4 of 6
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 ProNerve

Broomfield, Colorado, United States

ProNerve LLC is a provider of intraoperative neuromonitoring ("IONM") services in the U.S. IONM involves the use of a variety of electro-physiological monitoring procedures during surgery to allow early warning and avoidance of injury to nervous systems structures.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Trident Health Resources

Dunedin, Florida, United States

Trident Health Resources, Inc. is a provider of perfusion staffing for hospital open heart programs.

Buy -

Seller(S) 2

SELLER

Dubin Clark & Company

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dubin Clark & Company is a private equity firm that acquires and builds businesses in partnership with management. Following an acquisition, Dubin Clark typically invests additional capital to help build the business. Target sectors include retail, healthcare services, manufacturing, and business services. The Firm is a long-term investor and does not formulate a pre-defined exit plan. Dubin Clark & Company was formed in 1984 and has offices in Boston, Massachusetts, and Jacksonville Beach, Florida.

DEAL STATS #
Overall 10 of 12
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Maryland) 1 of 1
Country (United States) 10 of 12
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Advanced Pavement Group

Islip, New York, United States

Advanced Pavement Group is an outdoor facility maintenance company (services include asphalt paving, seal-coating, drain installation and repair, concrete installation and repair, sweeping and debris removal, power washing, storm drain management, and maintenance) in the Northeast and Mid-Atlantic regions of the United States, servicing New York, New Jersey, Connecticut, Delaware, Pennsylvania, and Maryland. Advanced Pavement Group was established in 1963 and is based in Islip, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 CE Rental

Raleigh, North Carolina, United States

CE Rental is a special event rental company that provides a wide variety of event rental equipment including tents, linens, fine china, flatware, dinnerware, tables and chairs (making it a one-stop solution for special event needs) for the mid-Atlantic market. CE Rental was established in 1952 and is based in Raleigh, North Carolina.

Buy -
SELLER

Midwest Mezzanine Funds

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1992
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Midwest Mezzanine Funds (MMF) is a provider of junior capital to lower middle-market, US and Canadian companies. MMF looks to invest $4 to $15 million to support buyouts, acquisition financings, recapitalizations, and growth capital needs. Prospective companies generally have consistent profits ($3 million of EBITDA), low capital intensity, and sustainable competitive advantages. Broad areas of interest include manufacturing, value-added distribution, and services. MMF will not invest in high technology, energy, or real estate. Midwest Mezzanine was formed in 1992 and has offices in Chicago and Monroe, Michigan.

DEAL STATS #
Overall 35 of 54
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 13 of 23
State (Maryland) 2 of 2
Country (United States) 34 of 53
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Jan-pro

Alpharetta, Georgia, United States

Jan-pro operates its business in the commercial cleaning franchising industry and licenses its master franchise owners and unit franchisees under the trademark 'JAN-PRO. Jan-pro was founded in 2005 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Skyline

St. Paul, Minnesota, United States

Skyline is a designer, manufacturer and marketer of trade show displays and exhibits for a wide variety of end-users. Skyline was founded in 1980 and is based in St. Paul, Minnesota.

Buy -
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