M&A Deal Summary

Curo Health Services Acquires New Century Hospice

On January 27, 2016, Curo Health Services acquired healthcare services company New Century Hospice from Petra Capital Partners

Acquisition Highlights
  • This is Curo Health Services’ 2nd transaction in the Healthcare Services sector.
  • This is Curo Health Services’ 2nd transaction in the United States.
  • This is Curo Health Services’ 1st transaction in Texas.

M&A Deal Summary
Date 2016-01-27
Target New Century Hospice
Sector Healthcare Services
Buyer(s) Curo Health Services
Sellers(s) Petra Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Cain Brothers & Co. LLC (Financial)

Target

New Century Hospice

Dallas, Texas, United States
New Century Hospice is a provider of hospice services to patients, families and healthcare providers. The Management Team of Century Hospice has, combined, over 50 years of hospice experience.

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Buyer(S) 1

Buyer

Curo Health Services

Mooresville, North Carolina, United States
Category Company
Founded 2010
Sector Healthcare Services
DESCRIPTION

Curo Health Services is a provider of home healthcare and hospice services throughout various communities across the country. Guided by a patient’s physician, Curo’s team of clinicians combine clinical expertise with dedicated and compassionate care to help patients increase their independence and live a better quality of life. Curo Health Services was founded in 2010 and is based in Mooresville, North Carolina.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-09 SouthernCare

Birmingham, Alabama, United States

SouthernCare is one of the independent providers of hospice services in the U.S., with 63 operations located throughout the Southeast and the Midwest.

Buy -

Seller(S) 1

SELLER

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 17 of 30
Sector (Healthcare Services) 5 of 6
Type (Add-on Acquisition) 8 of 17
State (Texas) 5 of 7
Country (United States) 17 of 30
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Mach Speed Technologies

Ada, Oklahoma, United States

Mach Speed Technologies, Inc. is a provider of “opening price point” (OPP) digital media players in the United States. Mach Speed Technologies was founded in 1989 and is based in Ada, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 BP3 Global

Austin, Texas, United States

BP3 Global is a provider of business process, decision management, and analytics software and services to the Fortune 500. BP3’s Brazos Platform has been powering thousands of digital transformations at our customers. BP3’s solutions and services have transformed customer experiences in Financial Services, Retail, Healthcare, and the Energy sectors. BP3 Global was founded in 2007 and is based in Austin, Texas.

Buy -
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