M&A Deal Summary

Leonard Green & Partners Acquires Patient Funding Alternatives

On January 1, 2022, private equity firm Leonard Green & Partners acquired healthcare services company Patient Funding Alternatives

Acquisition Highlights
  • This is Leonard Green & Partners’ 10th transaction in the Healthcare Services sector.
  • This is Leonard Green & Partners’ 91st transaction in the United States.
  • This is Leonard Green & Partners’ 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2022-01-01
Target Patient Funding Alternatives
Sector Healthcare Services
Buyer(s) Leonard Green & Partners
Deal Type Recapitalization

Target

Patient Funding Alternatives

Wakefield, Massachusetts, United States
Patient Funding Alternatives provides a service to identify, track, and help patients access healthcare funding options, and enhance the revenue process for hospitals. Patient Funding Alternatives is based in Wakefield, Massachusetts.

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Buyer(S) 1

Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 96 of 107
Sector: Healthcare Services M&A 10 of 11
Type: Recapitalization M&A Deals 7 of 8
State: Massachusetts M&A 2 of 2
Country: United States M&A 91 of 99
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Pace

Minneapolis, Minnesota, United States

Pace is a provider of analytical testing and related outsourced scientific solutions to the life sciences industry. Pace's Analytical Services division provides full-service testing, sampling, and analytical support services to detect trace-level organic and inorganic contaminants in air, water, wastewater, soil, biota, and waste. Pace's Life Sciences division provides a wide variety of testing services for the biopharmaceutical, pharmaceutical, medical device, and drug-device industries as well as early-stage drug development and manufacturing services with a broad range of pre-clinical and clinical capabilities for both small and large molecules. Pace was formed in 1978 and is based in Minneapolis, Minnesota.

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