M&A Deal Summary

Barchester Healthcare Acquires Westminster Health Care

On October 20, 2004, Barchester Healthcare acquired healthcare services company Westminster Health Care from 3i Private Equity and Welsh Carson Anderson & Stowe for 525M GBP

Acquisition Highlights
  • This is Barchester Healthcare’s 1st transaction in the Healthcare Services sector.
  • This is Barchester Healthcare’s 0th largest (disclosed) transaction.
  • This is Barchester Healthcare’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2004-10-20
Target Westminster Health Care
Sector Healthcare Services
Buyer(s) Barchester Healthcare
Sellers(s) 3i Private Equity
Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition
Deal Value 525M GBP

Target

Westminster Health Care

Horsham, United Kingdom
From its origins in 1985, Westminster Health Care evolved to become one of the major providers of high quality healthcare services to both the private and public sectors in the UK.

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Buyer(S) 1

Buyer

Barchester Healthcare

London, United Kingdom
Category Company
Sector Healthcare Services
DESCRIPTION

DEAL STATS #
Overall 1 of 3
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 1 of 3
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-06 Castlebeck

County Durham, United Kingdom

Castlebeck is a provider of specialist healthcare and rehabilitation services for adults and adolescents with learning disabilities and severely challenging behaviours. It operates specialist hospitals and care homes across the Midlands, North East of England and Scotland.

Buy £255M

Seller(S) 2

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.

DEAL STATS #
Overall 16 of 194
Sector (Healthcare Services) 2 of 10
Type (Add-on Acquisition) 3 of 61
Country (United Kingdom) 12 of 64
Year (2004) 7 of 8
Size (of disclosed) 9 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-20 DocMorris NV

Heerlen, Netherlands

DocMorris is Europe’s first mail order pharmacy and supplies original branded medicines at affordable prices via home delivery across the continent.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Focus Media

Shanghai, China

Focus Media is a multi-platform digital media company, operating LCD display network in China. The Company operates in four business segments: LCD, Poster Frame, In-Store and Movie Theaters. Focus Media was founded in 2003 and is based in Shanghai, China.

Buy $35M
SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.

DEAL STATS #
Overall 11 of 75
Sector (Healthcare Services) 5 of 25
Type (Add-on Acquisition) 5 of 44
Country (United Kingdom) 1 of 1
Year (2004) 2 of 2
Size (of disclosed) 13 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-18 Select Medical

Mechanicsburg, Pennsylvania, United States

Select Medical is an operator of acute care hospitals and medical rehabilitation hospitals. Select Medical Holdings was founded in 1996 and is based in Mechanicsburg, Pennsylvania.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Ruesch International

Washington, District of Columbia, United States

Ruesch International is a leading global financial institution specialising in international business-to-business payment products and solutions. The corporation has full-service corporate foreign exchange operations in the Czech Republic, the United Kingdom, Switzerland, and the United States that have served more than 30, 000 corporate clients.

Buy -
Mergr

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