M&A Deal Summary

Comfort Care Holdings Acquires Vitas Healthcare

On February 24, 2004, Comfort Care Holdings acquired healthcare services company Vitas Healthcare from Galen Partners for 406M USD

Acquisition Highlights
  • This is Comfort Care Holdings’ 1st transaction in the Healthcare Services sector.
  • This is Comfort Care Holdings’ largest (disclosed) transaction.
  • This is Comfort Care Holdings’ 1st transaction in the United States.
  • This is Comfort Care Holdings’ 1st transaction in Florida.
Investment Fate
  • Vitas Healthcare was divested to a consortium of strategic buyers in 2013.

M&A Deal Summary
Date 2004-02-24
Target Vitas Healthcare
Sector Healthcare Services
Buyer(s) Comfort Care Holdings
Sellers(s) Galen Partners
Deal Type Add-on Acquisition
Deal Value 406M USD

Target

Vitas Healthcare

Miami, Florida, United States
Vitas Healthcare Corp. is a provider of hospice and palliative care services in the United States.

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Buyer(S) 1

Buyer

Comfort Care Holdings

Cincinnati, Ohio, United States
Category Company
Founded 1983
Sector Healthcare Services
DESCRIPTION

Comfort Care Holdings Co., provides hospice services for healthcare industry.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Vitas Healthcare

Miami, Florida, United States

Vitas Healthcare Corp. is a provider of hospice and palliative care services in the United States.

Sell -

Seller(S) 1

SELLER

Galen Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Galen Partners is a private equity firm that targets investments in the healthcare industry. Areas within healthcare that Galen will consider include medical devices & technology, specialty pharmaceuticals, and information technology/services. Galen typically invests between $10 and $30 million per transaction in companies with a proprietary product or service that have attained revenues above $10 million. Prospective transactions include growth equity investments, complete buyouts, family business or other recapitalizations, going-private transactions, roll-overs of a portion of existing equity, and management buyouts. Galen Partners was formed in 1990 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 2 of 26
Sector (Healthcare Services) 1 of 8
Type (Add-on Acquisition) 2 of 22
State (Florida) 1 of 2
Country (United States) 2 of 26
Year (2004) 1 of 2
Size (of disclosed) 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Chamberlin Edmonds & Associates

Atlanta, Georgia, United States

Chamberlin Edmonds & Associates is a provider of specialized eligibility determination services to hospitals throughout the U.S. CEA guides uninsured patients through complex application processes to secure government and community reimbursement for uncompensated medical care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-28 Ocular Sciences

Concord, California, United States

Ocular Sciences, Inc., is a manufacturer and distributor of soft contact lenses.

Sell -
Mergr

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