M&A Deal Summary

Active Day Acquires Active Day

On November 2, 2011, Active Day acquired healthcare services company Active Day from Sterling Partners Private Equity and EW Healthcare Partners

Acquisition Highlights
  • This is Active Day’s 9th transaction in the Healthcare Services sector.
  • This is Active Day’s 9th transaction in the United States.
  • This is Active Day’s 1st transaction in Maryland.

M&A Deal Summary

Date 2011-11-02
Target Active Day
Sector Healthcare Services
Buyer(s) Active Day
Sellers(s) Sterling Partners Private Equity
EW Healthcare Partners
Deal Type Merger

Target

Active Day

Baltimore, Maryland, United States
Active Day, Inc. is a provider of high-quality healthcare and social services to the elderly and disabled through its network of Active Day facilities.

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Buyer(S) 1

Buyer

Active Day

Trevose, Pennsylvania, United States

Category Company
Founded 1995
Sector Consumer Services
DESCRIPTION

Active Day is a provider of adult day health services and in-home personal care. With more than 80 locations across the country, the Company provides therapeutic activities, opportunities for socialization, and expert health and nursing care to improve its members’ daily functioning and delay the onset of chronic illness. Active Day was founded in 1995 and is based in Trevose, Pennsylvania.


DEAL STATS #
Overall 9 of 23
Sector (Healthcare Services) 9 of 19
Type (Merger) 1 of 1
State (Maryland) 1 of 1
Country (United States) 9 of 23
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-03 Beelong Adult Day Services

Huntingdon Valley, Pennsylvania, United States

eelong Adult Day Services consists of three adult day health centers located in Bucks and Montgomery Counties of Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-10 Guardian Programs Adult Medical Day Care

Glassboro, New Jersey, United States

Guardian Programs Adult Medical Day Care, Inc. operates a care facility for old age.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 51
Sector (Healthcare Services) 1 of 7
Type (Merger) 1 of 2
State (Maryland) 7 of 9
Country (United States) 19 of 49
Year (2011) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-18 Connections Academy

Baltimore, Maryland, United States

Connections Academy operates 'virtual schools' under management contracts from state charter schools and school districts. This arrangement provides the structure of traditional brick-and-mortar schooling and eliminates the cost to parents. Parents or other 'Learning Coaches' assist with the day-to-day learning using the Company's proven curriculum that incorporates comprehensive daily lesson plans, textbooks from leading educational publications, and online lessons.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-18 FCER

Flower Mound, Texas, United States

FCER represents an entirely new concept in the delivery of emergency medical services. In an attempt to provide customer service where historically there has been none, FCER has taken the emergency room out of the hospital and placed it in a community. FCER owns and operates a network of free-standing, fully equipped emergency rooms capable of managing all adult and pediatric major and minor emergencies.

Buy -
SELLER

EW Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Essex Woodlands Health Ventures is a growth equity and venture capital specialist investment firm focused on opportunities across the healthcare sector. Specific areas of interest include biotechnology, pharmaceuticals, medical devices, and healthcare services/IT. Historically, Essex invested primarily in early and later-stage situations; however, today the firm also makes growth capital investments between $20 - $60 million in companies valued between $50 - $250 million, as well as private investments in public entities (PIPEs). Essex Woodlands was formed in 1985 and offices in Palo Alto, California; New York City; Houston, Texas; Shanghai and London.


DEAL STATS #
Overall 27 of 53
Sector (Healthcare Services) 2 of 7
Type (Merger) 1 of 3
State (Maryland) 1 of 1
Country (United States) 23 of 46
Year (2011) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-06 BreatheAmerica

Nashville, Tennessee, United States

BreatheAmerica develops and operates diagnostic and treatment centers for chronic airway and immune system-related diseases. Through its allergy, sinus and asthma programs and immune therapy programs, BreatheAmerica centers concentrate the resources needed to diagnose and care for these interrelated and complex diseases that affect 25% of the country’s population. BreatheAmerica is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-29 Abiomed

Danvers, Massachusetts, United States

Abiomed is a cardiovascular device company. Abiomed develops, manufactures, and markets medical products designed to establish recovery's as the standard of care for acute patients. Abiomed was formed in 1981 and is based in Danvers, Massachusetts.

Buy -