M&A Deal Summary

DaVita Acquires HealthCare Partners Holdings

On November 1, 2012, DaVita acquired healthcare services company HealthCare Partners Holdings from Summit Partners for 4.4B USD

Acquisition Highlights
  • This is DaVita’s 17th transaction in the Healthcare Services sector.
  • This is DaVita’s largest (disclosed) transaction.
  • This is DaVita’s 15th transaction in the United States.
  • This is DaVita’s 4th transaction in California.

M&A Deal Summary

Date 2012-11-01
Target HealthCare Partners Holdings
Sector Healthcare Services
Buyer(s) DaVita
Sellers(s) Summit Partners
Deal Type Merger
Deal Value 4.4B USD

Target

HealthCare Partners Holdings

Torrance, California, United States
HealthCare Partners (HCP) is a leading integrated healthcare services company, providing high-quality medical care to nearly 500,000 managed care members and 100,000 fee-for-service patients. HCP is the largest independent privately-owned medical group in California.

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Buyer(S) 1

Buyer

DaVita

Denver, Colorado, United States

Category Company
Founded 1994
Sector Healthcare Services
Employees70,000
Revenue 12.1B USD (2023)
DESCRIPTION

DaVita provides various healthcare services to patient populations throughout the United States and abroad. A provider of kidney care in the United States, DaVita delivers dialysis services to patients with chronic kidney failure and end-stage renal disease. DaVita was founded in 1994 and is based in Denver, Colorado.


DEAL STATS #
Overall 17 of 25
Sector (Healthcare Services) 17 of 24
Type (Merger) 1 of 1
State (California) 4 of 5
Country (United States) 15 of 21
Year (2012) 3 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 Lehbi Care

Riyadh, Saudi Arabia

Lehbi Care, a Riyadh based kidney care company. Lehbi Care currently treats 400 patients at three hemodialysis clinics throughout Riyadh. Patients will have greater access to treatment options and more effective care with a vascular access center and home hemodialysis and peritoneal dialysis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-13 HomeChoice Partners

Norfolk, Virginia, United States

HomeChoice Partners, Inc., based in Norfolk, Virginia, provides a broad range of infusion therapy services to patients with acute or chronic conditions that can be treated at home or at an ambulatory infusion suite.

Sell $70M

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 162 of 285
Sector (Healthcare Services) 16 of 33
Type (Merger) 1 of 4
State (California) 48 of 62
Country (United States) 155 of 246
Year (2012) 5 of 5
Size (of disclosed) 2 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Zenoss

Austin, Texas, United States

Zenoss is a provider of management software for physical, virtual, and cloud-based IT infrastructures. Over 35,000 organizations worldwide have deployed Zenoss to manage their networks, servers, virtual devices, storage, and cloud infrastructure, gaining complete visibility and predictability into their IT operations. Customers include Rackspace, VMware, Hosting.com, LinkedIn, Motorola and SunGard. Zenoss was founded in 2005 and is based in Austin Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-06 Lazada South East Asia Pte.

Ho Chi Minh City, Vietnam

Lazada South East Asia Pte. Ltd. is an online department store, with operations in Indonesia, Malaysia, Philippines, Thailand and Vietnam. The company has a broad product offering in categories ranging from consumer electronics to household goods, toys and sports equipment.

Buy -