M&A Deal Summary

Hanger Acquires Accelerated Care Plus

On October 18, 2010, Hanger acquired healthcare services company Accelerated Care Plus from Comvest Partners for 155M USD

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

M&A Deal Summary
Date 2010-10-18
Target Accelerated Care Plus
Sector Healthcare Services
Buyer(s) Hanger
Sellers(s) Comvest Partners
Deal Type Add-on Acquisition
Deal Value 155M USD

Target

Accelerated Care Plus

Reno, Nevada, United States
Accelerated Care Plus Corp. is a provider of cost-efficient, non-invasive treatment programs to skilled nursing facilities and other rehab providers.

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Buyer(S) 1

Buyer

Hanger

Austin, Texas, United States
Category Company
Founded 1861
Sector Medical Products
Employees5,200
Revenue 1.1B USD (2021)
DESCRIPTION
Hanger's corporate headquarters in Austin, Texas.
Hanger's corporate headquarters in Austin, Texas.

Hanger is a provider of orthotic and prosthetic (O&P) services and products. Hanger distributes branded and private label O&P devices, products, and components, and provides rehabilitative solutions. Hanger was formed in 1861 and is based in Austin, Texas.

DEAL STATS #
Overall 2 of 33
Sector (Healthcare Services) 1 of 6
Type (Add-on Acquisition) 2 of 33
State (Nevada) 1 of 1
Country (United States) 2 of 33
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-31 Summit Limb Technologies

Missoula, Montana, United States

Summit Limb Technologies is a provider of orthotics & prosthetics equipment and services and is based in Missoula, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-10 Team Post-Op

Irvine,, California, United States

Team Post-Op, Inc. is an organization of member companies devoted to excellence in providing healthcare services and advice, focused on patient care through a global strategy executed locally. With access to the deep intellectual capital of professionals worldwide, OrthoXpress delivers services in four professional areas - post-operative rehabilitation, manufacturer representation, medical billing, and medical consulting services.

Buy -

Seller(S) 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 9 of 40
Sector (Healthcare Services) 2 of 6
Type (Add-on Acquisition) 3 of 22
State (Nevada) 2 of 2
Country (United States) 9 of 40
Year (2010) 5 of 5
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-27 AirTran Airways

Orlando, Florida, United States

AirTran Airways is a discount airline operating in the US.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-20 Custom Cable

Tampa, Florida, United States

Custom Cable manufactures and installs voice, data and signal connectivity cables, assemblies and systems.

Buy -
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