M&A Deal Summary

Baymark Partners and TPE Boulder Acquire Memorial MRI and Diagnostic

On April 17, 2012, private equity firms Baymark Partners and TPE Boulder acquired healthcare services company Memorial MRI and Diagnostic

Acquisition Highlights
  • This is Baymark Partners’ 1st and TPE Boulder’s 3rd transaction in the Healthcare Services sector.
  • This is Baymark Partners’ 2nd and TPE Boulder’s 23rd transaction in the United States.
  • This is Baymark Partners’ 1st and TPE Boulder’s 1st transaction in Texas.
Investment Fate
  • Memorial MRI and Diagnostic was sold to a consortium of financial buyers in 2015.
  • Memorial MRI and Diagnostic was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2012-04-17
Target Memorial MRI and Diagnostic
Sector Healthcare Services
Buyer(s) Baymark Partners
TPE Boulder
Deal Type Recapitalization

Target

Memorial MRI and Diagnostic

Houston, Texas, United States
Memorial MRI & Diagnostic is a provider of outpatient diagnostic imaging services in the Houston market. It is a provider of diagnostic imaging services including MRI, CT or CAT scan, nuclear medicine, ultrasound, digital X-ray, digital mammography, dual energy X-ray or DEXA, pain management and other radiology services. Memorial MRI and Diagnostic is based in Houston, Texas.

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Buyer(S) 2

Buyer

Baymark Partners

Plano, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Baymark Partners is a private equity group focused on acquiring smaller growth companies that can expand into mid-sized businesses. Baymark generally looks for companies that are breakeven or have up to $20 million in EBITDA. Sectors of interest include business services, IT outsourcing and medical/healthcare services. Baymark prefers opportunities in Texas and neighboring states. Baymark Partners is based in Dallas.


DEAL STATS #
Overall 2 of 14
Sector: Healthcare Services M&A 1 of 3
Type: Recapitalization M&A Deals 1 of 2
State: Texas M&A 1 of 4
Country: United States M&A 2 of 14
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-12 Computer Integrated Services

New York, New York, United States

Computer Integrated Services is a provider of information technology implementation, integration and maintenance services. The company provides a comprehensive range of IT services and support, including network design, systems implementation, lifecycle maintenance, disaster recovery, outsourced IT functions, and identity management/security. Computer Integrated Services was founded in 1995 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 The Neck and Back Clinics

Las Vegas, Nevada, United States

The Neck and Back Clinics is specialized in the treatment of spinal injuries, extremity injuries, sports injuries, sciatica, pain management and personal injury rehabilitation led by chiropractic physicians. The Neck and Back Clinics was founded in 1994 and is based in Las Vegas, Nevada.

Buy -
Buyer

TPE Boulder

Braintree, Massachusetts, United States

Category Private Equity Firm
Founded 1997
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

TPE Boulder is a private equity firm focused on small buyout and growth equity investments in profitable healthcare and software companies. TPE will consider minority or control positions and targets companies with $4 to $40 million in revenue and at least $1.5 million of EBITDA. Specific areas of interest include healthcare services, healthcare IT, healthcare payment management systems, enterprise software, SaaS, and Internet B2B companies. TPE Boulder was formed in 1997 and has offices in Braintree, Massachusetts, and Boulder, Colorado.


DEAL STATS #
Overall 23 of 25
Sector: Healthcare Services M&A 3 of 4
Type: Recapitalization M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 23 of 25
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-16 HealthDataInsights

Las Vegas, Nevada, United States

HealthDataInsights, Inc., is a technology enabled healthcare services company whose mission is to ensure claims integrity, identifies and recoups improper payments for health plans and government payers.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-07 TC3 Health

Irvine, California, United States

TC3 Health, Inc. is a provider of cost containment solutions, including payment integrity analytics, clinical code editing and out-of-network claims cost management to payers and claims administrators.

Sell -