M&A Deal Summary

Aris Radiology Acquires Optimal IMX

On April 7, 2015, Aris Radiology acquired medical products company Optimal IMX from Enhanced Capital Partners and Health Evolution Partners

Acquisition Highlights
  • This is Aris Radiology’s 1st transaction in the Medical Products sector.
  • This is Aris Radiology’s 1st transaction in the United States.
  • This is Aris Radiology’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2015-04-07
Target Optimal IMX
Sector Medical Products
Buyer(s) Aris Radiology
Sellers(s) Enhanced Capital Partners
Health Evolution Partners
Deal Type Add-on Acquisition

Target

Optimal IMX

Nashville, Tennessee, United States
Optimal IMX, Inc. is a provider of professional radiology services to hospitals nationwide.

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Buyer(S) 1

Buyer

Aris Radiology

Hudson, Ohio, United States
Category Company
Founded 2007
Sector Medical Products
DESCRIPTION

Aris Radiology is a provider of radiology services to hospitals nationwide.

DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-10 US Teleradiology

Atlanta, Georgia, United States

US Teleradiology is a physician-owned radiology practice providing staffing and teleradiology services to hospitals, radiology groups and other medical facilities around the country.

Buy -

Seller(S) 2

SELLER

Enhanced Capital Partners

New York, New York, United States
Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.

DEAL STATS #
Overall 21 of 26
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 9 of 14
State (Tennessee) 2 of 2
Country (United States) 21 of 26
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 BinOptics

Ithaca, New York, United States

BinOptics Corporation manufactures monolithically integrated optoelectronic components based on indium phosphide and other semiconductor materials. BinOptics' current products include edge-emitting and surface-emitting Fabry Perot lasers, DFB lasers, and lasers with integrated monitoring photodiodes that provide transceiver and transponder manufacturers with unprecedented price-performance advantages. Additionally, BinOptics can provide custom integrated microphotonic solutions for optical systems and subsystems.

Sell $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 Advanced Generation & Efficiency

New York, New York, United States

Advanced Generation & Efficiency finances and manages the installation, operations, and maintenance of renewable energy technologies and energy efficient equipment for existing buildings.

Buy -
SELLER

Health Evolution Partners

Category Growth Capital Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Health Evolution Partners was a private investment firm focused on investing in rapidly growing healthcare companies. The Firm targeted opportunities across all sectors of the healthcare industry including hospitals, physicians, managed care, pharmaceutical developers, device makers, and consumer products/services. Health Evolution Partners was established in 2007 and was headquartered in San Francisco, California.

DEAL STATS #
Overall 1 of 4
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-28 Freedom Innovations

Irvine, California, United States

Freedom Innovations designs and manufactures advanced technology lower-limb prosthetic devices geared towards amputees with active lifestyles. The Company manufactures its products using 100% carbon-fiber composite materials, maximizing strength and energy return while minimizing weight.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Prolacta Bioscience

Adelaide, Australia

Prolacta Bioscience is a biopharmaceutical company developing and marketing human milk-based nutritional products for premature infants in the neonatal intensive care unit. Prolacta Bioscience was founded in 1999 and is based in Adelaide, Australia.

Buy -
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