M&A Deal Summary |
|
|---|---|
| Date | 2013-07-30 |
| Target | Health Management Associates |
| Sector | Healthcare Services |
| Buyer(s) | CHS |
| Sellers(s) |
Cornerstone Equity Investors
Harbert Private Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Morgan Stanley (Financial) Weil Gotshal & Manges (Legal) |
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| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Healthcare Services |
| Employees | 48,000 |
| Revenue | 12.5B USD (2023) |
CHS is an operator of general acute care hospitals. The organization’s affiliates own, operate or lease 207 hospitals in 29 states with approximately 31,100 licensed beds. Affiliated hospitals are dedicated to providing quality healthcare for local residents and contribute to the economic development of their communities. CHS was incorporated in 1996 and is based in Franklin, Tennessee.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 19 |
| Sector (Healthcare Services) | 14 of 19 |
| Type (Add-on Acquisition) | 13 of 15 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 14 of 19 |
| Year (2013) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-07-02 |
York Pennsylvania Hospital
York,, Pennsylvania, United States York Pennsylvania Hospital, includes 100-bed Memorial Hospital, the Surgical Center of York, and other outpatient and ancillary services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-05 |
Sharon Regional Health System
Sharon, Pennsylvania, United States Sharon Regional Health System, Inc. is a 251-bed Sharon Regional Medical Center, outpatient centers and affiliated physician practices. Sharon Regional is located in Pennsylvania, the Company’s second largest state as measured by number of affiliated hospitals, and in close proximity to ValleyCare Health System of Ohio, an affiliated health system that includes two acute care facilities and a rehabilitation hospital. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 1.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Cornerstone Equity Investors is private equity firm focused on investing in and acquiring middle-market leveraged buyouts of corporate divisions, closely held private companies and small capitalization public companies. The Firm targets businesses with at least $5 million of EBITDA and valued between $50 and $350 million. Cornerstone can invest up to $100 million per transaction. Broad industries of interest include business services, healthcare, and specialty manufacturing. Cornerstone originated as Prudential Equity Investors in 1984 and became independent in 1996. Cornerstone Equity is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 15 |
| Sector (Healthcare Services) | 2 of 2 |
| Type (Add-on Acquisition) | 6 of 6 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 14 of 15 |
| Year (2013) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-06-27 |
Neptco
Pawtucket, Rhode Island, United States NEPTCO engineers and manufactures materials for the production of copper cable and electronic packaging products used in a wide variety of commercial, industrial and military applications. |
Sell | $67M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-12-27 |
Geotrace
Houston, Texas, United States Geotrace offers 2D seismic data processing services to domestic oil and gas customers. We’ve come a long way since then. Geotrace is constantly bolstering our abilities by developing and acquiring the leading-edge technology and tools required to take on the latest tough challenges. Geotrace was formed in 1979 and is based in Houston, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 4.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 43 |
| Sector (Healthcare Services) | 6 of 10 |
| Type (Add-on Acquisition) | 12 of 26 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 16 of 42 |
| Year (2013) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-01 |
Preferred Warranties
Orwigsburg, Pennsylvania, United States Preferred Warranties markets vehicle service contracts through independent dealers of used vehicles in 2,200 locations in fifteen Mid-Atlantic, Midwestern and Southern states. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-01 |
Preferred Automobile Credit
Orwisburg, Pennsylvania, United States Preferred Automobile Credit Co. is a specialty finance company that acquires and services auto finance contracts primarily in the below-prime credit tier. |
Sell | - |
