M&A Deal Summary

The KPC Group Acquires Verity Health System of California - Medical Centers

On January 18, 2019, The KPC Group acquired healthcare services company Verity Health System of California - Medical Centers from Verity Health System of California for 610M USD

Acquisition Highlights
  • This is The KPC Group’s 1st transaction in the Healthcare Services sector.
  • This is The KPC Group’s largest (disclosed) transaction.
  • This is The KPC Group’s 1st transaction in the United States.
  • This is The KPC Group’s 1st transaction in California.

M&A Deal Summary
Date 2019-01-18
Target Verity Health System of California - Medical Centers
Sector Healthcare Services
Buyer(s) The KPC Group
Sellers(s) Verity Health System of California
Deal Type Divestiture
Deal Value 610M USD

Target

Verity Health System of California - Medical Centers

California, United States
Verity Health System of California - Medical Centers comprises St. Francis Medical Center in Lynwood, St. Vincent Medical Center in Los Angeles, Seton Medical Center in Daly City and Seton Coastside in Moss Beach.

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Buyer(S) 1

Buyer

The KPC Group

Riverside, California, United States

website

Category Company
Sector Diversified
DESCRIPTION

The KPC Group is engaged in numerous businesses around the world serving diverse industries such as healthcare services and facilities, pharmaceutical and biotechnology, education, real estate, infrastructure development, agriculture, architecture and engineering, alternative energy, waste management, travel services, and information technology.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 Bikram Yoga

Los Angeles, California, United States

Bikram Yoga is a provider of hot yoga sequence devised by yoga guru and innovator, Bikram Choudhury, Every class lasts for 90 minutes and consists of a unique fixed sequence of 26 yoga postures and 2 breathing exercises. At its peak, there were approximately 1,650 Bikram Yoga studios in 40 countries. Bikram Yoga was founded in 1973 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Verity Health System of California

Redwood City, California, United States

website

Category Company
Sector Healthcare Services
DESCRIPTION

Verity Health System of California, Inc. is a nonprofit healthcare system. Its hospitals include 1,650 inpatient beds, six active emergency rooms, a trauma center and a host of medical specialties including tertiary and quaternary care.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Divestiture) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-09 Verity Health System of California - St. Francis Medical Center

Lynwood, California, United States

Verity Health System of California, Inc. - St. Francis Medical Center is 384-bed acute care hospital has private emergency trauma centers in Los Angeles County — treating more than 84,000 children and adults each year.

Sell $350M
Mergr

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