M&A Deal Summary

Healogics Acquires Accelecare Wound Centers

On March 3, 2015, Healogics acquired healthcare services company Accelecare Wound Centers from Revelstoke Capital Partners and Yukon Partners

Acquisition Highlights
  • This is Healogics’ 3rd transaction in the Healthcare Services sector.
  • This is Healogics’ 3rd transaction in the United States.
  • This is Healogics’ 1st transaction in Washington.

M&A Deal Summary
Date 2015-03-03
Target Accelecare Wound Centers
Sector Healthcare Services
Buyer(s) Healogics
Sellers(s) Revelstoke Capital Partners
Yukon Partners
Deal Type Add-on Acquisition
Advisor(s) RBC Capital Markets (Financial)
Fenwick & West (Legal)

Target

Accelecare Wound Centers

Bellevue, Washington, United States
Accelecare Wound Centers, Inc. is a wound care and disease management company focused on providing full service wound management solutions to hospitals and related health care organizations across the United States. Accelecare Wound Centers was formed in 2007 and is based in Bellevue, Washington.

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Buyer(S) 1

Buyer

Healogics

Jacksonville, Florida, United States
Category Company
Founded 1996
Sector Healthcare Services
DESCRIPTION

Healogics is a provider of advanced wound care services. Healogics and its affiliated companies manage nearly 600 Wound Care Centers® through a connected network of centers, partner hospitals, academic medical centers, patients, and families. Leveraging its scale and experience, Healogics utilizes an evidence-based systematic approach to chronic wound healing in treating an underserved and growing patient population. Healogics was founded in 1996 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 3 of 3
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Washington) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-12 Nautilus Health Care Group

St. Petersburg, Florida, United States

Nautilus Health Care Group LLC physicians and nurse practitioners provide wound care services to patients throughout the care continuum, including outpatient Wound Care Centers, hospital inpatient programs and to residents of skilled nursing and long term care facilities.

Buy -

Seller(S) 2

SELLER

Revelstoke Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Revelstoke Capital Partners is a private equity firm focused on acquiring and building industry leading companies. For platform acquisitions, Revelstoke seeks profitable companies (> $5 million) and looks to commit $10 to $250 million per transaction. The Firm will consider majority and minority positions and seeks situations where companies have opportunities for growth, either organically or through add-ons. Targeted industries include healthcare services, transportation, logistics, specialty distribution, business services, and insurance. Revelstoke Capital Partners was formed in 2013 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 7
Sector (Healthcare Services) 1 of 4
Type (Add-on Acquisition) 1 of 4
State (Washington) 1 of 1
Country (United States) 1 of 7
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Carrus

Lehi, Utah, United States

Carrus is a provider of online competency-driven education courses to students throughout the United States and in several foreign countries. Carrus was established in 1992 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Upstream Rehabilitation

Birmingham, Alabama, United States

Upstream Rehabilitation is a provider of a comprehensive set of outpatient rehabilitation services through over 300 owned and managed physical therapy clinics across twenty-two states. Upstream Rehabilitation was founded in 2003 and is based in Birmingham, Alabama.

Buy -
SELLER

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 3 of 28
Sector (Healthcare Services) 1 of 3
Type (Add-on Acquisition) 2 of 7
State (Washington) 1 of 1
Country (United States) 3 of 27
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-01 HealthTrackRx

Denton, Texas, United States

HealthTrackRx is a provider of specialized toxicology lab testing services for Urine Drug Monitoring (UDM), which is increasingly required by physicians for prescribed pain medications, addiction medicine, and other patient screening and compliance monitoring. HealthTrackRx was founded in 2010 and is based in Denton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Advanced Tissue

Little Rock, Arizona, United States

Advanced Tissue is a provider of non‐prescription, physician-recommended traditional and active wound care supplies. The Company packages and ships traditional and advanced wound care products to the homes of physician and clinical patients as well as residents of long-term care facilities. Advanced Tissue was founded in 2000 and is based in Little Rock, Arizona.

Buy -
Mergr

Product

Company

Legal