M&A Deal Summary

Birch Hill Equity Partners Acquires Motion

On September 12, 2014, private equity firm Birch Hill Equity Partners acquired medical products company Motion from CareRx for 50M USD

Acquisition Highlights
  • This is Birch Hill Equity Partners’ 1st transaction in the Medical Products sector.
  • This is Birch Hill Equity Partners’ 8th largest (disclosed) transaction.
  • This is Birch Hill Equity Partners’ 28th transaction in Canada.
  • This is Birch Hill Equity Partners’ 20th transaction in Ontario.

M&A Deal Summary

Date 2014-09-12
Target Motion
Sector Medical Products
Buyer(s) Birch Hill Equity Partners
Sellers(s) CareRx
Deal Type Divestiture
Deal Value 50M USD

Target

Motion

Toronto, Ontario, Canada
Motion is a provider of mobility, respiratory and home accessibility products in Canada. Products include wheelchairs, walkers, scooters, stairlifts, ramps, ceiling lifts, homecare beds, and more. Through a network of outlets deliver comprehensive health care solutions to enhance customers’ quality of life increase their mobility and provide them a safe and accessible home environment. Motion was founded in 2001 and is based in Toronto, Ontario.

Search 201,429 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.


DEAL STATS #
Overall 33 of 47
Sector (Medical Products) 1 of 1
Type (Divestiture) 3 of 8
State (Ontario) 20 of 27
Country (Canada) 28 of 41
Year (2014) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Hi-Pro Feeds

Okotoks, Alberta, Canada

Hi-Pro Feeds, Inc. is a manufacturer of animal nutrition and feed products for the animal nutrition industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Issaquah Milling Center

Issaquah, Washington, United States

Issaquah Milling Center is a full-service dental laboratory with eight networked operating platforms that serve dentists across the U.S. The Company’s dental laboratories provide a full range of custom-made dental appliances, including crown and bridge, dentures, partials, implant restorations, removables, orthodontic appliances, and other dental specialties. Issaquah Milling Center was formed in 1973 and is based in Issaquah Milling Center, Washington.

Sell -

Seller(S) 1

SELLER

CareRx

Toronto, Ontario, Canada

Category Company
Founded 2001
Sector Life Science
Employees1,432
Revenue 371M CAD (2023)
DESCRIPTION

CareRx is a provider of pharmacy and other healthcare services to Canadian seniors. Centric Health is one of Canada’s major and most trusted providers of comprehensive Specialty Pharmacy services and solutions to seniors. Centric Health operates a large national network of pharmacy fulfillment centers that deliver high-volume solutions for the cost-effective supply of chronic medication and other specialty clinical pharmacy services, serving more than 31,000 residents in over 460 seniors communities (long-term care, retirement homes, and assisted living facilities) nationally. CareRx was founded in 2001 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 3
Sector (Medical Products) 1 of 2
Type (Divestiture) 1 of 3
State (Ontario) 1 of 3
Country (Canada) 1 of 3
Year (2014) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-07 Lifemark

Toronto, Ontario, Canada

Lifemark is a provider of physiotherapy and rehabilitation treatment to patients in over 100 clinics as well as long-term care centers, retirement homes, and communities across Canada. Lifemark was founded in 1998 and is based in Toronto, Ontario.

Buy $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Pharmacare Fulfillment Center

Edmonton, Alberta, Canada

Care Plus Group is a provider of medication dispensing services and clinical care programs to more than 4,800 long-term care and retirement community residents at over 40 client facilities across western Canada through an integrated distribution model.

Buy $34M