M&A Deal Summary

Audax Private Equity and Frazier Healthcare Partners Acquire TridentCare

On January 1, 2008, private equity firm Audax Private Equity and growth capital firm Frazier Healthcare Partners acquired healthcare services company TridentCare

Acquisition Highlights
  • This is Audax Private Equity’s 1st and Frazier Healthcare Partners’ 4th transaction in the Healthcare Services sector.
  • This is Audax Private Equity’s 34th and Frazier Healthcare Partners’ 7th transaction in the United States.
  • This is Audax Private Equity’s 1st and Frazier Healthcare Partners’ 2nd transaction in Maryland.
Investment Fate
  • TridentCare was sold to a consortium of financial buyers in 2013.
  • TridentCare went bankrupt in 2019.

M&A Deal Summary

Date 2008-01-01
Target TridentCare
Sector Healthcare Services
Buyer(s) Audax Private Equity
Frazier Healthcare Partners
Deal Type Consolidation

Target

TridentCare

Sparks Glencoe, Maryland, United States
TridentCare is the leading bedside diagnostic and clinical services company specializing in serving post-acute care patients. Throughout its history, TridentCare and its predecessor companies have deployed experienced healthcare professionals and leading-edge technology to provide portable X-ray, ultrasound, EKG, clinical laboratory, nurse practitioner-based primary care, vascular access, and other services to millions of patients, wherever they are.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 35 of 170
Sector: Healthcare Services M&A 1 of 18
Type: Consolidation M&A Deals 3 of 5
State: Maryland M&A 1 of 4
Country: United States M&A 34 of 161
Year: 2008 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Cadence Education

Scottsdale, Arizona, United States

Cadence Education is a premier early childhood educator in the United States, operating more than 225 private preschools across the country. With more than 27 years in business, Cadence has developed unparalleled expertise in preparing students to thrive in the next step of their childhood. It provides parents with peace of mind by giving children an exceptional education every fun-filled day in a place as nurturing as home. Cadence Education was formed in 1969 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-03 Northern Digital

Waterloo, Ontario, Canada

Northern Digital, Inc. is a developer and manufacturer of optical and electromagnetic technology for image-guided surgical, industrial test and measurement, and research applications. With over 9,000 advanced measurement systems installed worldwide, products are used for computer-assisted surgery and therapy, industrial part development and quality control, and other applications such as clinical gait analysis and sports and biomechanics research. The company was founded in 1981 and is based in Waterloo, Canada.

Buy -
Buyer
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.


DEAL STATS #
Overall 7 of 48
Sector: Healthcare Services M&A 4 of 16
Type: Consolidation M&A Deals 1 of 1
State: Maryland M&A 2 of 3
Country: United States M&A 7 of 47
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Elements Behavioral Health

Long Beach, California, United States

Formed in 2007, Elements Behavioral Health, Inc. is a provider of subacute substance abuse and psychiatric services based in Long Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-15 Primaeva Medical

Pleasanton, California, United States

Primaeva Medical, Inc. is an aesthetic technology firm developed a patented, minimally invasive technology for aesthetic application. Their development of the company's first product is complete and it is intended to improve aesthetic results by increasing the efficiency and control of sub-dermal RF energy.

Sell $7M