M&A Deal Summary

Atlantic Street Capital and Capital Southwest Acquire OrthoBethesda

On September 5, 2018, private equity firm Atlantic Street Capital and business development company Capital Southwest acquired healthcare services company OrthoBethesda

Acquisition Highlights
  • This is Atlantic Street Capital’s 2nd and Capital Southwest’s 3rd transaction in the Healthcare Services sector.
  • This is Atlantic Street Capital’s 14th and Capital Southwest’s 30th transaction in the United States.
  • This is Atlantic Street Capital’s 2nd and Capital Southwest’s 1st transaction in Maryland.

M&A Deal Summary
Date 2018-09-05
Target OrthoBethesda
Sector Healthcare Services
Buyer(s) Atlantic Street Capital
Capital Southwest
Deal Type Buyout (LBO, MBO, MBI)

Target

OrthoBethesda

Bethesda, Maryland, United States
OrthoBethesda is a provider of comprehensive musculoskeletal care to patients in the greater Washington, DC market. OrthoBethesda employs board-certified orthopedic surgeons with specializations across the spectrum of musculoskeletal care and the practice operates four Centers of Excellence: Washington Joint Institute, providing treatment to patients with debilitating arthritic joint conditions; Washington Shoulder Institute, focusing on the demands of patients suffering from various shoulder-related ailments; Washington Spine and Scoliosis Institute, offering state of the art management of complex spinal conditions; and OrthoTraumaBethesda, providing advanced comprehensive care of orthopedic trauma cases. OrthoBethesda was founded in 1965 and is based in Bethesda, Maryland.

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Buyer(S) 2

Buyer

Atlantic Street Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlantic Street Capital is an operationally focused private equity firm that partners with entrepreneurs and management teams to create value. Atlantic Street looks to acquire profitable companies where it can invest $15 to $75 million per deal. Target industries include consumer products, services, manufacturing, distribution, retail, restaurant and healthcare. Atlantic Street prefers opportunities located in the US and Canada and will only consider control situations. Atlantic Street Capital was formed in 2006 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 14 of 27
Sector (Healthcare Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 13 of 22
State (Maryland) 2 of 2
Country (United States) 14 of 27
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 BioTouch

West Haven, Connecticut, United States

BioTouch provides mission-critical, asset‐light dedicated‐route transportation solutions exclusively focused on the medical laboratory and hospital industry. BioTouch was founded in 2012 and is based in West Haven, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Eivf

Irving, Texas, United States

Eivf is a healthcare software company providing innovative products and services that deliver vital, frontline reproductive-science intelligence. Eivf was founded in 2002 and is based in Irving, Texas.

Buy -
Buyer

Capital Southwest

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1961
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 30 of 48
Sector (Healthcare Services) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 10
State (Maryland) 1 of 1
Country (United States) 30 of 47
Year (2018) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Adams Publishing Group

Minneapolis, Minnesota, United States

Adams Publishing Group is a family-owned community newspaper company consisting of 27 daily newspapers, more than 100 non-daily newspapers, and a number of other media-related businesses in 15 states and the District of Columbia. Adams Publishing Group was founded in 2013 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Statinmed Research

Dallas, Texas, United States

Statinmed Research is an operator of health care consultant company in the health economics and outcomes research (HEOR) discipline that provides research, consulting and targeted communications to global pharmaceutical, biotechnology, and health information companies. Statinmed Research was founded in 2007 and is based in Dallas, Texas.

Buy -
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