M&A Deal Summary

Avera McKennan Acquires Avera Heart Hospital of South Dakota

On October 4, 2011, Avera McKennan acquired healthcare services company Avera Heart Hospital of South Dakota from MedCath for 86M USD

Acquisition Highlights
  • This is Avera McKennan’s 1st transaction in the Healthcare Services sector.
  • This is Avera McKennan’s largest (disclosed) transaction.
  • This is Avera McKennan’s 1st transaction in the United States.
  • This is Avera McKennan’s 1st transaction in South Dakota.

M&A Deal Summary

Date 2011-10-04
Target Avera Heart Hospital of South Dakota
Sector Healthcare Services
Buyer(s) Avera McKennan
Sellers(s) MedCath
Deal Type Divestiture
Deal Value 86M USD

Target

Avera Heart Hospital of South Dakota

Sioux Falls, South Dakota, United States

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Buyer(S) 1

Buyer

Avera McKennan

Sioux Falls, South Dakota, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Avera McKennan is a provider of health care in the mid-west, including hospitals, nursing homes and clinics.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

MedCath

Charlotte, North Carolina, United States

Category Company
Founded 1996
Sector Healthcare Services
Employees272
Revenue 442M USD (2014)
DESCRIPTION

MedCath Corp. is a developer, owner and operator of hospitals in partnership with cardiologists and cardiovascular surgeons.


DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 5 of 5
Type (Divestiture) 4 of 4
State (South Dakota) 1 of 1
Country (United States) 5 of 5
Year (2011) 4 of 4
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-26 Hualapai Mountain Medical Center

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Sell $31M