M&A Deal Summary

Galen Partners Acquires Evolve Treatment Centers

On January 22, 2020, growth capital firm Galen Partners acquired consumer services company Evolve Treatment Centers

Acquisition Highlights
  • This is Galen Partners’ 2nd transaction in the Consumer Services sector.
  • This is Galen Partners’ 28th transaction in the United States.
  • This is Galen Partners’ 6th transaction in California.

M&A Deal Summary

Date 2020-01-22
Target Evolve Treatment Centers
Sector Consumer Services
Buyer(s) Galen Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Evolve Treatment Centers

El Segundo, California, United States
Evolve Treatment Centers offers evidence-based care to adolescents ages 12 to 17 who struggle with substance abuse and/or mental health issues. With 13 facilities throughout California, Evolve offers teens and their families a full continuum of care including Intensive Outpatient (IOP), Partial Hospitalization (PHP), and Residential Treatment Centers (RTC). Evolve Treatment Centers is based in El Segundo, California.

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Buyer(S) 1

Buyer

Galen Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Galen Partners is a private equity firm that targets investments in the healthcare industry. Areas within healthcare that Galen will consider include medical devices & technology, specialty pharmaceuticals, and information technology/services. Galen typically invests between $10 and $30 million per transaction in companies with a proprietary product or service that have attained revenues above $10 million. Prospective transactions include growth equity investments, complete buyouts, family business or other recapitalizations, going-private transactions, roll-overs of a portion of existing equity, and management buyouts. Galen Partners was formed in 1990 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 29 of 29
Sector: Consumer Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 9
State: California M&A 6 of 6
Country: United States M&A 28 of 28
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-12 InTouch Health

Santa Barbara, California, United States

InTouch Health, Inc. is a provider of Acute Care Telemedicine (ACT) solutions for high-acuity applications. InTouch Health is based in Santa Barbara, California.

Sell $600M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Cardiva Medical

Sunnyvale, California, United States

Cardiva Medical, Inc. is a provider of offers Cardiva Catalyst II that supports the body's natural healing process by enhancing the vessel's inherent natural elastic recoil. Cardiva Medical is based in Sunnyvale, California.

Sell $475M