M&A Deal Summary

Amedisys Acquires Infinity Homecare

On January 4, 2016, Amedisys acquired healthcare services company Infinity Homecare from Bush O Donnell Capital Partners, Plexus Capital, HealthEdge Investment Partners and Eagle Private Capital for 63M USD

Acquisition Highlights
  • This is Amedisys’ 5th transaction in the Healthcare Services sector.
  • This is Amedisys’ 3rd largest (disclosed) transaction.
  • This is Amedisys’ 6th transaction in the United States.
  • This is Amedisys’ 1st transaction in Florida.

M&A Deal Summary

Date 2016-01-04
Target Infinity Homecare
Sector Healthcare Services
Buyer(s) Amedisys
Sellers(s) Bush O Donnell Capital Partners
Plexus Capital
HealthEdge Investment Partners
Eagle Private Capital
Deal Type Add-on Acquisition
Deal Value 63M USD

Target

Infinity Homecare

Sarasota, Florida, United States
Infinity Homecare, Inc. is a home health care and hospice services company delivering personalized home health and hospice care to more than 360,000 patients each year.

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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 6 of 16
Sector (Healthcare Services) 5 of 13
Type (Add-on Acquisition) 6 of 15
State (Florida) 1 of 1
Country (United States) 6 of 16
Year (2016) 1 of 5
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-07 Beacon Hospice

Charlestown, Massachusetts, United States

Beacon Hospice is a hospice company in New England. The Company provides palliative care to patients in acute care, long term care and home settings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Associated Home Care

North Andover, Massachusetts, United States

Associated Home Care, Inc. is a provider of in-home senior care services.

Buy $28M

Seller(S) 4

SELLER

Bush O Donnell Capital Partners

St. Louis, Missouri, United States

Category Private Equity Firm
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bush O'Donnell Capital Partners (BOCP) is the private equity investment arm of Bush O'Donnell & Co., a firm that also provides investment advisory services. BOCP makes equity and mezzanine investments of $2 to $10 million in lower middle-market businesses with $5 to $100 million in sales. Funds are generally used to support growth initiatives, management buyouts, leveraged buyouts, and recapitalizations. Prospective companies typically have experienced management, stable cash-flows, and operate in a defensible market niche. The Firm will not invest in start-ups or turnarounds. BOCP is based in St. Louis, Missouri.


DEAL STATS #
Overall 19 of 25
Sector (Healthcare Services) 3 of 4
Type (Add-on Acquisition) 11 of 15
State (Florida) 1 of 2
Country (United States) 19 of 25
Year (2016) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Henderson Products

Manchester, Iowa, United States

Henderson Products, Inc. is a manufacturer of customized, turnkey snow and ice control equipment solutions for heavy duty trucks focused on State Departments of Transportations (DOTs), counties, and municipalities.

Sell $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-05 TrueNet Communications

Jacksonville, Florida, United States

TrueNet Communications, Inc. is a provider of communications network infrastructure services specializing in delivering consulting, engineering, installation and technical services to the Broadband, Wireless and Wireline Carrier, Energy and Utility, and corporate and government markets. TrueNet is extremely well positioned to capitalize on the demand for broadband infrastructure driven by the ever increasing need for bandwidth

Sell -
SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 18 of 41
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 11 of 23
State (Florida) 2 of 4
Country (United States) 18 of 41
Year (2016) 1 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-01 LightRiver

Concord, California, United States

LightRiver is a provider of optical, data, and switching products and services for cloud data centers, government, enterprise, and utility sectors. LightRiver was founded in 1998 and is based in Concord, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Wolf Manufacturing

Waco, Texas, United States

Wolf Manufacturing is a manufacturer/importer of fine sewn products ranging from neck pillows, travel pillows, travel blankets, fleece throws, stadium blankets, and other items. The company sells to retailers including airport stores, mass merchandisers, drug and pharmacy stores, travel centers, specialty stores, off-price retailers, as well as online retailers. Wolf Manufacturing was formed in 1946 and is based in Waco, Texas.

Buy -
SELLER

HealthEdge Investment Partners

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

HealthEdge Investment Partners is an operating-oriented private equity firm that targets the healthcare industry. The firm pursues buyouts, recapitalizations or structured investments in healthcare companies with a strong market share. HealthEdge targets businesses with enterprise value ranging between $10 million and $100 million, and with revenues ranging between $5 million and $75 million. Moreover, the firm looks for companies with EBITDA near $15 million. The firm typically commits between $5 million to $20 million of capital per company. HealthEdge focuses on the healthcare segments that involve medical products, devices and equipment, healthcare services, healthcare IT, pharmaceutical, and distribution. HealthEdge Investment Partners was founded in 2005 and is based in Tampa, Florida.


DEAL STATS #
Overall 9 of 17
Sector (Healthcare Services) 2 of 4
Type (Add-on Acquisition) 6 of 11
State (Florida) 2 of 5
Country (United States) 9 of 17
Year (2016) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 CSS Health

Thonotosassa, Florida, United States

CSS Health combines Medicine-On-Time, the innovative multi-dose blister-pack drug compliance packaging for pharmacies, and Clinical Support Services, an independent Medication Therapy Management patient outreach platform for health plans, in a unique end-to-end adherence offering designed to help patients more effectively take their medications as directed. CSS Health was formed in 1999 and is based in Thonotosassa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 Intra-Op Monitoring Services

Covington, Louisiana, United States

Intra-Op Monitoring Services is a clinical diagnostic services company offering highly specialized intra-operative neurophysiological monitoring capabilities. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia. The Company utilizes advanced electrophysiological modalities to monitor and record the functional integrity of critical neural structures (brain, nerves, and spinal cord) and organs in real-time during surgeries where these potentially could be at risk. IOM provides physicians, hospitals and their patients with neuromonitoring services in 11 states throughout Texas and the Southeastern U.S., NewYork, New Jersey, Pennsylvania and Virginia was founded in 2000 and is based in Covington, Louisiana.

Sell -
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 26 of 49
Sector (Healthcare Services) 5 of 6
Type (Add-on Acquisition) 12 of 25
State (Florida) 1 of 3
Country (United States) 26 of 49
Year (2016) 1 of 5
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Custom Steel Processing

Madison, Illinois, United States

Custom Steel Processing is a manufacturer of steel processing service center that specializes in slitting flat-rolled steel. Custom Steel Processing offers comprehensive, state-of-the-art cut-to-length, slitting, custom blanking, and shearing for cold-rolled, galvanized, and hot-rolled pickled and oiled substrate. Custom Steel Processing was formed in 2002 and is based in Madison, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Certica Solutions

Wakefield, Massachusetts, United States

Certica Solutions, Inc. provides an education technology platform, content and data solutions that enable K-12 educators and administrators to improve instructional and organizational performance. Certica partners with a diverse network of education technology companies, publishers and assessment providers; and delivers solutions directly to over 500 school districts, charter schools and educational service agencies. Certica Solutions was founded in 2000 and is based in Wakefield, Massachusetts.

Sell -