M&A Deal Summary

Drake Institute of Behavioral Medicine Acquires SynCardia Systems

On September 30, 2021, Drake Institute of Behavioral Medicine acquired medical products company SynCardia Systems from Versa Capital Management

Acquisition Highlights
  • This is Drake Institute of Behavioral Medicine’s 1st transaction in the Medical Products sector.
  • This is Drake Institute of Behavioral Medicine’s 1st transaction in the United States.
  • This is Drake Institute of Behavioral Medicine’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-09-30
Target SynCardia Systems
Sector Medical Products
Buyer(s) Drake Institute of Behavioral Medicine
Sellers(s) Versa Capital Management
Deal Type Add-on Acquisition

Target

SynCardia Systems

Tucson, Arizona, United States
SynCardia Systems is a medical technology company focused on developing, manufacturing and marketing the SynCardia Total Artificial Heart, an implantable system designed to assume the full function of a failed human heart in patients suffering from end-stage biventricular (both sides) heart failure. SynCardia Systems is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

Drake Institute of Behavioral Medicine

Irvine, California, United States
Category Company
Sector Healthcare Services
DESCRIPTION

The Drake Institute of Neurophysical Medicine is a provider of health care services. The Drake Institute of Neurophysical Medicine is based in Irvine, California.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 24 of 25
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (Arizona) 1 of 1
Country (United States) 24 of 24
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Hatteras Yachts

New Bern, North Carolina, United States

Hatteras Yachts is a designer and manufacturer of fiberglass sports fishing convertibles, motor yachts, and cruising yachts in various models.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Plymouth Rubber Group

O Porrino, Spain

Plymouth Rubber Group is a manufacturer and supplier of rubber and vinyl products to a broad range of markets, including the electrical supply industry, utilities, automotive and other original equipment manufacturers and highway striping contractors. Plymouth Rubber Group is based in O Porrino, Spain.

Sell -
Mergr

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