M&A Deal Summary

ConvaTec Acquires Woodbury Health Products

On July 20, 2017, ConvaTec acquired consumer products company Woodbury Health Products from WindRose Health Investors for 121M USD

Acquisition Highlights
  • This is ConvaTec’s 1st transaction in the Consumer Products sector.
  • This is ConvaTec’s largest (disclosed) transaction.
  • This is ConvaTec’s 4th transaction in the United States.
  • This is ConvaTec’s 1st transaction in New York.

M&A Deal Summary
Date 2017-07-20
Target Woodbury Health Products
Sector Consumer Products
Buyer(s) ConvaTec
Sellers(s) WindRose Health Investors
Deal Type Add-on Acquisition
Deal Value 121M USD

Target

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.

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Buyer(S) 1

Buyer

ConvaTec

Reading, United Kingdom
Category Company
Founded 1972
Sector Medical Products
Revenue 1.8B USD (2018)
DESCRIPTION

ConvaTec is a global medical products and technologies company that provides advanced wound care, ostomy care, continence, and critical care, and infusion devices. ConvaTec was formed in 1972 and is based in Reading, United Kingdom.

DEAL STATS #
Overall 10 of 10
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 9 of 9
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2017) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 EuroTec Beheer B.V.

Roosendaal, Netherlands

EuroTec is the only manufacturer of stoma products in the Netherlands, based in Roosendaal. The company was established in 1996. The stoma products produced by EuroTec were developed by a professional team of designers and engineers with medical backgrounds and broad experience in stoma care, with the aim of meeting the specific needs of stoma patients.

Buy €25M

Seller(S) 1

SELLER

WindRose Health Investors

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

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 12 of 26
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 9 of 14
State (New York) 2 of 3
Country (United States) 12 of 26
Year (2017) 2 of 5
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-15 HealthHelp

Houston, Texas, United States

HealthHelp is a radiology benefit management company that provides a comprehensive set of radiology cost-containment services to health insurers, third-party administrators, preferred provider networks, and self-insured employers. The company's services cover over 9 million members in all 50 states, Puerto Rico, the Virgin Islands and Guam.

Sell $95M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Accuity Delivery Systems

Mount Laurel, New Jersey, United States

Accuity Delivery Systems is a revenue cycle management business that provides clinical documentation improvement, coding and quality assurance and provider education services to its hospital clients. Accuity Delivery Systems is based in Mount Laurel, New Jersey.

Buy -
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