M&A Deal Summary

Graham Holdings Acquires Celtic Healthcare

On October 1, 2012, Graham Holdings acquired healthcare services company Celtic Healthcare from Tecum Capital

Acquisition Highlights
  • This is Graham Holdings’ 1st transaction in the Healthcare Services sector.
  • This is Graham Holdings’ 5th transaction in the United States.
  • This is Graham Holdings’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2012-10-01
Target Celtic Healthcare
Sector Healthcare Services
Buyer(s) Graham Holdings
Sellers(s) Tecum Capital
Deal Type Add-on Acquisition
Advisor(s) Edge Healthcare Partners LLC (Financial)

Target

Celtic Healthcare

Mars, Pennsylvania, United States
Celtic Healthcare, Inc., is dedicated to providing patients with “Innovative Healthcare at Home.” It takes much more than compassionate care to achieve this. We incorporate the most innovative technology into our Homecare, Hospice, and Virtual Care services. By streamlining the administrative and clinical processes and procedures, Celtic Healthcare delivers extraordinary customer communication, boosts healthcare outcomes, and enhances the quality of life for our patients and their families.

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Buyer(S) 1

Buyer

Graham Holdings

Arlington, Virginia, United States
Category Company
Founded 1877
Sector Diversified
Employees14,110
Revenue 4.4B USD (2023)
DESCRIPTION

Graham Holdings is a diversified education and media company whose principal operations include educational services; television broadcasting; online, print and local TV news; home health and hospice care; and custom manufacturing. The Company owns Kaplan, a leading global provider of educational services; Graham Media Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio, WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign Policy. The Company also owns Trove, a social news aggregator; SocialCode, a leading social marketing solutions company; Celtic Healthcare and Residential Healthcare Group, home health and hospice providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear actuators and lifting systems; and Forney Corporation, a manufacturer of burners, igniters, dampers and controls for combustion processes in electric utility and industrial applications. Graham Holdings was founded in 1877 and is based in Arlington, Virginia.

DEAL STATS #
Overall 5 of 15
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 3 of 9
State (Pennsylvania) 1 of 1
Country (United States) 5 of 15
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-10 Trove

So. San Francisco, California, United States

We are building a personalized information filtering system for the mainstream audience. The product will allow users to get information they want across a broad range of interests and needs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-18 Forney

Addison, Texas, United States

Forney Corp.,manufactures front-end combustion components serving the electric utilities, chemical processing, pulp/paper and cement industries. Forney has expanded its product line to include igniters, burners, burner management systems, flame detectors and duct burners.

Buy -

Seller(S) 1

SELLER

Tecum Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.

DEAL STATS #
Overall 4 of 24
Sector (Healthcare Services) 1 of 4
Type (Add-on Acquisition) 2 of 9
State (Pennsylvania) 3 of 12
Country (United States) 4 of 24
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-10 New England Orthotic and Prosthetic Systems

Branford, Connecticut, United States

New England Orthotic and Prosthetic Systems LLC is a provider of orthotic & prosthetic patient care products and services through 31 branch operations across Connecticut, New York, Massachusetts, and Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-15 Environmental Service Laboratories

Indiana, Pennsylvania, United States

Environmental Service Laboratories provides its clientele with a comprehensive range of analytical testing, consulting, and field sampling services. Environmental Service Laboratories was founded in 1988 and is based in Indiana, Pennsylvania.

Buy -
Mergr

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