M&A Deal Summary

Forstmann Little Acquires CHS

On June 11, 1996, Forstmann Little acquired healthcare services company CHS for 1.1B USD

Acquisition Highlights
  • This is Forstmann Little’s 1st transaction in the Healthcare Services sector.
  • This is Forstmann Little’s largest (disclosed) transaction.
  • This is Forstmann Little’s 7th transaction in the United States.
  • This is Forstmann Little’s 1st transaction in Tennessee.
Investment Fate
  • CHS went public in 2000.

M&A Deal Summary
Date 1996-06-11
Target CHS
Sector Healthcare Services
Buyer(s) Forstmann Little
Deal Type Going Private
Deal Value 1.1B USD

Target

CHS

Franklin, Tennessee, United States
Community Health Systems' corporate headquarters in Franklin, Tennessee.
Community Health Systems' corporate headquarters in Franklin, Tennessee.
CHS is an operator of general acute care hospitals. The organization’s affiliates own, operate or lease 207 hospitals in 29 states with approximately 31,100 licensed beds. Affiliated hospitals are dedicated to providing quality healthcare for local residents and contribute to the economic development of their communities. CHS was incorporated in 1996 and is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

Forstmann Little

New York, New York, United States
Category Private Equity Firm
Founded 1978
Size Small
Type Sector Agnostic
DESCRIPTION

Forstmann Little & Co. is a private investment firm focused on investments in aerospace, consumer products/services, communications, technology, education, and healthcare companies. The Firm will consider investments in both public and private companies. Forstmann Little was most active in the 80s and 90s. Despite it's size and history, the Firm does not maintain a website. Forstmann Little was formed in 1978 and is based in New York City.

DEAL STATS #
Overall 7 of 10
Sector (Healthcare Services) 1 of 1
Type (Going Private) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 7 of 10
Year (1996) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-10 Ziff Davis

New York, New York, United States

Ziff Davis is a digital media company specializing in the technology market, reaching over 7 million highly engaged in-market buyers and influencers every month. Ziff Davis sites, which feature trusted and comprehensive evaluations of the newest and hottest products, include PCMag.com, ExtremeTech, GearLog, GoodCleanTech, DL.tv, AppScout, CrankyGeeks, Smart Device Central and TechSaver.com. Ziff Davis was founded in 1999 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-17 Gulfstream Aerospace

Savannah, Georgia, United States

Gulfstream Aerospace designs, develops, and manufactures business-jet aircraft. Gulfstream was formed in 1958 and is based in Savannah, Georgia.

Sell -
Mergr

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