M&A Deal Summary

The Gores Group Acquires Diagnostic Health

On April 19, 2007, private equity firm The Gores Group acquired healthcare services company Diagnostic Health from Encompass Health for 48M USD

Acquisition Highlights
  • This is The Gores Group’s 1st transaction in the Healthcare Services sector.
  • This is The Gores Group’s 6th largest (disclosed) transaction.
  • This is The Gores Group’s 25th transaction in the United States.
  • This is The Gores Group’s 2nd transaction in Alabama.

M&A Deal Summary

Date 2007-04-19
Target Diagnostic Health
Sector Healthcare Services
Buyer(s) The Gores Group
Sellers(s) Encompass Health
Deal Type Divestiture
Deal Value 48M USD

Target

Diagnostic Health

Birmingham, Alabama, United States
website
Diagnostic Health Corporation is a stand-alone provider of diagnostic imaging services with 53 freestanding locations in 19 states across the country. DHC facilities offer a combination of outpatient diagnostic imaging services, including MRI, CT, X-ray, ultrasound, mammography, fluoroscopy, and nuclear medicine services.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 29 of 74
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 17 of 36
State (Alabama) 2 of 2
Country (United States) 25 of 61
Year (2007) 1 of 6
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Somero Enterprises

Fort Myers, Florida, United States

Somero Enterprises is a manufacturer of technologically advanced concrete placing equipment and associated machinery. Somero Enterprises was founded in 1985 and is based in Fort Myers, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 First Communications

Akron, Ohio, United States

First Communications is a voice and data telecommunications services provider, offering traditional and Internet Protocol ("IP") based communication services and managed network services to both residential and commercial customers.

Buy -

Seller(S) 1

SELLER

Encompass Health

Birmingham, Alabama, United States

website


Category Company
Founded 1983
Sector Healthcare Services
Employees35,000
Revenue 4.3B USD (2022)
DESCRIPTION
Entrance to HealthSouth's corporate headquarters in Birmingham, Alabama.
Entrance to HealthSouth's corporate headquarters in Birmingham, Alabama.

Encompass Health is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. Encompass Health was incorporated in 1983 and is headquartered in Birmingham, Alabama.


DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 3
Type (Divestiture) 1 of 3
State (Alabama) 1 of 1
Country (United States) 1 of 3
Year (2007) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-04 ASC Network

Newport Beach, California, United States

ASC Network Corp. is a privately held company operates Freestanding Ambulatory Surgery Centers.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 Surgical Care Affiliates

Deerfield, Illinois, United States

Surgical Care Affiliates, Inc. is a developser, owns and operator of an outpatient surgical care centers and a health maintenance organization.

Sell -