M&A Deal Summary

Amedisys Acquires AccuMed Home Health Care

On September 30, 2005, Amedisys acquired healthcare services company AccuMed Home Health Care from Parthenon Capital for 73M USD

Acquisition Highlights
  • This is Amedisys’ 2nd transaction in the Healthcare Services sector.
  • This is Amedisys’ 2nd largest (disclosed) transaction.
  • This is Amedisys’ 2nd transaction in the United States.
  • This is Amedisys’ 1st transaction in Texas.

M&A Deal Summary

Date 2005-09-30
Target AccuMed Home Health Care
Sector Healthcare Services
Buyer(s) Amedisys
Sellers(s) Parthenon Capital
Deal Type Add-on Acquisition
Deal Value 73M USD

Target

AccuMed Home Health Care

Denton, Texas, United States
AccuMed Home Health Care is a provider of home nursing with a focus on serving medicare beneficiaries.

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Buyer(S) 1

Buyer

Amedisys

Baton Rouge, Louisiana, United States

Category Company
Founded 1982
Sector Healthcare Services
Revenue 2.2B USD (2022)
DESCRIPTION
Amedisys' corporate headquarters in Baton Rouge, Louisiana.
Amedisys' corporate headquarters in Baton Rouge, Louisiana.

Amedisys is a healthcare-at-home company delivering personalized home health, hospice, and high-acuity care services. The company is focused on delivering the care that is best for its patients, whether that is inpatient hospital, palliative, and skilled nursing facility (“SNF”) care in their homes; home-based recovery and rehabilitation after an operation or injury; care focused on empowering them to manage a chronic disease; or hospice care at the end of life. Amedisys was founded in 1982 and is based in Baton Rouge, Louisiana.


DEAL STATS #
Overall 2 of 16
Sector (Healthcare Services) 2 of 13
Type (Add-on Acquisition) 2 of 15
State (Texas) 1 of 3
Country (United States) 2 of 16
Year (2005) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Housecall Medical Resources

Atlanta, Georgia, United States

Housecall Medical Resources, Inc., develops into a multi-service-line home healthcare platform with strong geographic coverage in Tennessee and Florida, particularly in their rural markets. Housecall employed approximately 3,000 full and part time, largely female staff and served primarily elderly patients covered under the Medicare and Medicaid benefits.

Buy $106M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 TLC Health Care Services

Lake Success, New York, United States

TLC Health Care Services include nursing services, rehabilitation services, mental health services, wound management and hospice care. The company has maintained a track record of excellence and dedication to the highest standards in quality care.

Buy -

Seller(S) 1

SELLER

Parthenon Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 5 of 34
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 2 of 15
State (Texas) 1 of 5
Country (United States) 5 of 34
Year (2005) 3 of 3
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 Kenexa

Wayne, Pennsylvania, United States

Kenexa Corp. is a web-based applications that automate human resources activities, such as recruitment, skills testing, and tracking of employee development. Kenexa also offers outsourcing options to clients, taking over part or all of the recruitment and hiring process.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-28 AmWINS

Charlotte, North Carolina, United States

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

Buy -