M&A Deal Summary |
|
|---|---|
| Date | 2010-09-08 |
| Target | Chamberlin Edmonds & Associates |
| Sector | Business Services |
| Buyer(s) | Change Healthcare |
| Sellers(s) |
WindRose Health Investors
Charterhouse Strategic Partners Alcentra Capital Harren Equity Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 260M USD |
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| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Information Technology |
| Employees | 15,000 |
| Revenue | 3.1B USD (2021) |
Change Healthcare is a provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon’s product and service offerings integrate and automate key business and administrative functions for healthcare payers and healthcare providers throughout the patient encounter, including pre-care patient eligibility and benefits verification, clinical exchange capabilities, claims management and adjudication, payment integrity, payment distribution, payment posting and denial management, and patient billing and payment processing. Change Healthcare was founded in 2007 and is based in Nashville, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 21 |
| Sector (Business Services) | 4 of 7 |
| Type (Add-on Acquisition) | 5 of 13 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 7 of 21 |
| Year (2010) | 4 of 4 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-21 |
Chapin Revenue Cycle Management
Tampa, Florida, United States Chapin is a technology-enabled provider of hospital-based revenue cycle services including accounts receivable management, medical denials, appeals and collection improvement initiatives. |
Buy | $19M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-05-03 |
EquiClaim
Naperville, Illinois, United States EquiClaim is a provider of healthcare audit and recovery services for commercial and government payers. |
Buy | $41M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.5B USD |
| Size | Large |
| Type | Sector Focused |
MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 26 |
| Sector (Business Services) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 14 |
| State (Georgia) | 2 of 2 |
| Country (United States) | 5 of 26 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-10-21 |
DNA Diagnostics Center
Fairfield, Ohio, United States DNA Diagnostics Center is a provider of private DNA testing services for paternity and other family relationships, forensics, cell line authentication, and ancestry. DDC provides products approved by the FDA and EMA, and is accredited by the American Association of Blood Banks (AABB), The Ministry of Justice, The College of American Pathologists (CAP), and The Clinical Laboratory Improvement Amendment (CLIA). DNA Diagnostics Center was founded in 1995 and is based in Fairfield, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-07 |
Woodbury Health Products
Oceanside, New York, United States WPI Holdings, Inc. is a direct to consumer distributor of high quality incontinence and related healthcare products to customers in the United States. Woodbury Products offers over 250 items including baby and adult diapers, pull-ups, pads, and linens with approximately 50 different diapers. Woodbury Health Products, Inc. was established in 1977 and is headquartered in Oceanside, New York. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1973 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Charterhouse Strategic Partners is a private equity firm that targets investments in middle market companies located throughout North America. Charterhouse typically pursues companies valued between $25 and $150 million, however the firm will also consider new platform companies valued less than $50 million if there is the possibility for rapid expansion (organic or through acquisitions). Target companies generally possess highly motivated management with a proven track record, scalable business models, sustainable competitive advantages (brand recognition/proprietary products), and a leading position in a growing market. Broad sectors of interest include business services, healthcare services, consumer products, and consumer services. Charterhouse was founded in 1973 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 16 |
| Sector (Business Services) | 2 of 2 |
| Type (Add-on Acquisition) | 5 of 8 |
| State (Georgia) | 2 of 2 |
| Country (United States) | 9 of 15 |
| Year (2010) | 3 of 3 |
| Size (of disclosed) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-08 |
NewPath Networks
Seattle, Washington, United States NewPath Networks is a wireless infrastructure company that designs, develops and operates fiber-fed wireless carrier networks using a distributed antenna architecture to improve signal strength and network capacity. |
Sell | $115M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-24 |
RiverRoad Waste Solutions
Red Bank, New Jersey, United States RiverRoad Waste Solutions Inc. Platform company formed to pursue a buildup in the asset-light waste and facility services sector. RiverRoad designs and implements waste and recycling programs that divert the waste stream, reduce waste management expense, and help multi-location customers realize sustainability initiatives. The Company's first acquisition was J&D Waste Management Inc., a Forked River, NJ based provider of outsourced waste logistics solutions. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 540M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 40 |
| Sector (Business Services) | 2 of 4 |
| Type (Add-on Acquisition) | 4 of 19 |
| State (Georgia) | 1 of 2 |
| Country (United States) | 18 of 38 |
| Year (2010) | 3 of 3 |
| Size (of disclosed) | 5 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-24 |
RestorixHealth
Metairie, Louisiana, United States RestorixHealth is a provider of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). RestorixHealth focuses on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. RestorixHealth was established in 1997 and is based in Metairie, Louisiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-11-08 |
Security Networks
West Palm Beach, Florida, United States Security Networks is a provider of home security solutions in the U.S. specializing in the sale, installation, maintenance, and monitoring of electronic security alarm systems. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 450M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 23 |
| Sector (Business Services) | 1 of 1 |
| Type (Add-on Acquisition) | 5 of 10 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 10 of 23 |
| Year (2010) | 2 of 3 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-17 |
Marianna
Omaha, Nebraska, United States Founded in 1968, Marianna is a full-service custom manufacturer, formulator, and distributor of client-tailored hair care, hand and body products, styling aids and fixatives, hair color and dispensary products, and pet grooming products. Marianna operates a 400,000 square foot FDA-registered and cGMP-compliant facility, offering a comprehensive suite of capabilities, including research and development, packaging compatibility, preservative efficacy, and micro testing, regulatory expertise, global sourcing competency, customized kitting, and multiple distribution options. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-01 |
ProDirectional
Conroe, Texas, United States ProDirectional is an independent provider of directional and horizontal drilling services to oil and natural gas exploration and production companies. Professional Directional provides a complete suite of directional drilling services including well planning and engineering, downhole motor technology and guidance, and measurement while drilling services. ProDirectional was founded in 2001 and is based in Conroe, Texas. |
Sell | - |
