M&A Deal Summary

FC Global Realty Acquires LCA - Vision

On February 13, 2014, FC Global Realty acquired healthcare services company LCA - Vision from Haas Wheat and Partners for 106M USD

Acquisition Highlights
  • This is FC Global Realty’s 1st transaction in the Healthcare Services sector.
  • This is FC Global Realty’s largest (disclosed) transaction.
  • This is FC Global Realty’s 2nd transaction in the United States.
  • This is FC Global Realty’s 1st transaction in Ohio.

M&A Deal Summary

Date 2014-02-13
Target LCA - Vision
Sector Healthcare Services
Buyer(s) FC Global Realty
Sellers(s) Haas Wheat and Partners
Deal Type Add-on Acquisition
Deal Value 106M USD
Advisor(s) Cain Brothers & Co. LLC (Financial)
Taft Stettinius & Hollister (Legal)

Target

LCA - Vision

Cincinnati, Ohio, United States
LasikPlus is a provider of fixed site laser vision correction services in the United States, operating 61 vision correction centers in 44 domestic markets under its LasikPlus brand name.

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Buyer(S) 1

Buyer

FC Global Realty

Willow Grove, Pennsylvania, United States

Category Company
Founded 1980
Sector Real Estate
Employees179
Revenue 38M USD (2016)
DESCRIPTION

FC Global Realty focused on real estate development and asset management, concentrating primarily on investments in and the management and development of income-producing real estate assets. FC Global’s objective is to generate current income and long-term net asset value growth using institutional best practices in evaluating its investments. FC Global Realty was founded in 1980 and is headquartered in Willow Grove, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 Radiancy

Orangeburg, New York, United States

Radiancy, Inc. is a developer and manufacturer of home-use and professional aesthetic and dermatological devices. Company Products includes no!no!, Kyrobak, and ClearTouch.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-23 PhotoMedex - XTRAC and VTRAC Dermatology Business

United States

Sell $43M

Seller(S) 1

SELLER

Haas Wheat and Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Haas Wheat & Partners private equity firm specializing in strategic equity investments and leveraged buyouts of both private and public middle-market companies. Haas Wheat focuses on companies headquartered in the US and looks to commit between $25 and $200 million of equity per transaction. Target industry sectors include healthcare, consumer products and services, and specialized business services and manufacturing. Haas Wheat & Partner was formed in 1992 and is based in Dallas, Texas.


DEAL STATS #
Overall 6 of 7
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Ohio) 1 of 1
Country (United States) 6 of 7
Year (2014) 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-28 Nursefinders

San Diego, California, United States

Nursefinders, Inc. is a nurse staffing companies to hospitals and other healthcare facilities and a major provider of home healthcare services. Through its network of approximately 120 medical staffing and home health care offices, Nursefinders provides RNs, LPN/LVNs, home health aides, therapists, medical social workers, nursing assistants, companions and other healthcare and medical clerical professionals to more than 4,200 hospitals, nursing homes, healthcare centers and patients across the U.S.

Sell $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-05 Symmetry Medical

Warsaw, Indiana, United States

Symmetry Medical, Inc. is a provider of medical device solutions, including surgical instruments, orthopedic implants, and sterilization cases and trays.

Sell -