M&A Deal Summary

Compassus Acquires Hospice Advantage

On October 7, 2015, Compassus acquired healthcare services company Hospice Advantage from Sentinel Capital Partners and NMP Capital

Acquisition Highlights
  • This is Compassus’ 3rd transaction in the Healthcare Services sector.
  • This is Compassus’ 3rd transaction in the United States.
  • This is Compassus’ 1st transaction in Michigan.

M&A Deal Summary
Date 2015-10-07
Target Hospice Advantage
Sector Healthcare Services
Buyer(s) Compassus
Sellers(s) Sentinel Capital Partners
NMP Capital
Deal Type Add-on Acquisition

Target

Hospice Advantage

Bay City, Michigan, United States
Hospice Advantage, Inc. is a hospice care organization that provides end-of-life care, palliative treatment, personal care, and family support services, primarily to patients in their homes.

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Buyer(S) 1

Buyer

Compassus

Brentwood, Tennessee, United States
Category Company
Founded 1979
Sector Healthcare Services
DESCRIPTION

Compassus is an independent provider of hospice services in the United States. Compassus cares for its patients through over 135 locations in 29 states across the U.S., serving them wherever they call home (primarily homes, nursing homes, and assisted living facilities.) Compassus plays a key part in patients’ lives as they transition from acute to non-curative, post-acute care settings, and seeks to provide timely quality care, pain and symptom management, and emotional support through leveraging interdisciplinary care teams and data-driven insights. Compassus was founded in 1979 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 3 of 4
Sector (Healthcare Services) 3 of 4
Type (Add-on Acquisition) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 4
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-10 National Hospice Holdings

Dresher, Pennsylvania, United States

National Hospice Holdings LLC(dba Life Choice Hospice) is a provider of hospice care, bereavement, pain management, spiritual care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-09 Genesis HealthCare - Home Health And Hospice Operations

United States

Genesis HealthCare - Home Health And Hospice Operations is a provider of helathcare services.

Buy $84M

Seller(S) 2

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 38 of 69
Sector (Healthcare Services) 5 of 9
Type (Add-on Acquisition) 9 of 17
State (Michigan) 1 of 2
Country (United States) 35 of 62
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Vintage Parts

Beaver Dam, Wisconsin, United States

Vintage Parts is a distributor of original slow moving and inactive OEM replacement parts for automobiles, recreational vehicles, and construction, agricultural and material handling equipment. Vintage Parts is based in Beaver Dam, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Sell -
SELLER

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 34 of 54
Sector (Healthcare Services) 4 of 5
Type (Add-on Acquisition) 14 of 27
State (Michigan) 1 of 4
Country (United States) 33 of 52
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 OTC Industrial Technologies

Columbus, Ohio, United States

OTC Industrial Technologies is an industrial equipment service provider and distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. OTC Industrial Technologies was founded in 1963 and is based in Columbus, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-09 Spinrite

Listowel, Ontario, Canada

Spinrite is a manufacturer and marketer of craft yarn products in North America. Spinrite's Bernat, Patons, Lily Sugar's Cream, and Phentex brands, which are sold through mass merchants, craft stores, and independent specialty stores. Spinrite was founded in 1952 and is based in Listowel, Ontario.

Sell -
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