M&A Deal Summary

Altaris Capital Partners and Three Arch Partners Acquire U.S. HealthWorks

On January 20, 2010, private equity firm Altaris Capital Partners and Three Arch Partners acquired healthcare services company U.S. HealthWorks for 175M USD

Acquisition Highlights
  • This is Altaris Capital Partners’ 1st and Three Arch Partners’ 5th transaction in the Healthcare Services sector.
  • This is Altaris Capital Partners’ 6th and Three Arch Partners’ largest (disclosed) transaction.
  • This is Altaris Capital Partners’ 9th and Three Arch Partners’ 23rd transaction in the United States.
  • This is Altaris Capital Partners’ 1st and Three Arch Partners’ 16th transaction in California.
Investment Fate
  • U.S. HealthWorks was sold to a strategic buyer in 2012.

M&A Deal Summary

Date 2010-01-20
Target U.S. HealthWorks
Sector Healthcare Services
Buyer(s) Altaris Capital Partners
Three Arch Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 175M USD

Target

U.S. HealthWorks

Valencia, California, United States
website
U.S. HealthWorks is a provider of occupational healthcare services in the United States. The Company offers solutions for employers that are seeking to control workers’ compensation costs, minimize lost employee work time, maintain healthy workplaces and strengthen productivity. USHW also provides non-injury occupational health services including job-site analysis, drug and alcohol testing and employment-related physical examinations.

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Buyer(S) 2

Buyer

Altaris Capital Partners

New York City, New York, United States

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Altaris Capital Partners is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris Capital Partners was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 10 of 34
Sector (Healthcare Services) 1 of 7
Type (Buyout (LBO, MBO, MBI)) 3 of 7
State (California) 1 of 2
Country (United States) 9 of 32
Year (2010) 1 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-20 OSO BioPharmaceuticals Manufacturing

Albuquerque, New Mexico, United States

OsoBio is a leading contract manufacturer of injectable pharmaceutical products. The company provides glass vial filling and lyophilization services for drugs and biologics that are either approved for commercial marketing or in clinical development. With facilities equipped to handle highly potent and toxic active pharmaceutical ingredients, OsoBio focuses on the production of products that require special or complex handling.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-06 SpecialtyCare

Brentwood, Tennessee, United States

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.

Buy -
Buyer

Three Arch Partners

San Mateo, California, United States

website


Category Private Equity Firm
Founded 1993
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Three Arch Partners is an investor in healthcare companies, including medical devices, diagnostics, and healthcare services. Three Arch primarily invests in early stage companies, however the Firm will consider select later stage investments. Three Arch typically invests alongside others and looks to commit $100k to $15 million per investment. Three Arch Partners was formed in 1993 and is based in San Mateo, California.


DEAL STATS #
Overall 24 of 27
Sector (Healthcare Services) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (California) 16 of 16
Country (United States) 23 of 26
Year (2010) 1 of 2
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-20 Visiogen

Irvine, California, United States

Visiogen has developed an implantable device to improve vision impairment due to age-related presbyopia.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-19 Inova Labs

Austin, Texas, United States

Inova Labs, Inc. is a medical device company specializing in the development and commercialization of innovative oxygen therapy products.

Buy -