M&A Deal Summary

LLR Partners Acquires Affinity Hospice

On December 1, 2021, private equity firm LLR Partners acquired healthcare services company Affinity Hospice from MBF Healthcare Partners

Acquisition Highlights
  • This is LLR Partners’ 9th transaction in the Healthcare Services sector.
  • This is LLR Partners’ 112th transaction in the United States.
  • This is LLR Partners’ 1st transaction in Alabama.

M&A Deal Summary

Date 2021-12-01
Target Affinity Hospice
Sector Healthcare Services
Buyer(s) LLR Partners
Sellers(s) MBF Healthcare Partners
Deal Type Secondary Buyout

Target

Affinity Hospice

Birmingham, Alabama, United States
Affinity Hospice focuses on providing needed assistance to patients, caregivers, and referral sources by listening to and responding to their individual needs. Affinity Hospice was founded in 2004 and is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 113 of 127
Sector (Healthcare Services) 9 of 9
Type (Secondary Buyout) 12 of 16
State (Alabama) 1 of 1
Country (United States) 112 of 126
Year (2021) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 CoreDial

Blue Bell, Pennsylvania, United States

CoreDial is a provider of cloud software and services enable companies to quickly and cost effectively sell, deliver, manage, and invoice for high quality, private labeled cloud communication services including hosted PBX solutions, VoIP, SIP Trunking, and Unified Communications. CoreDial was founded in 2005 and is based in Blue Bell, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 CompoSecure

Somerset, New Jersey, United States

CompoSecure is a provider of premium payment cards and an emergent provider of cryptocurrency and digital asset storage and security solutions. The company focuses on serving the affluent customers of payment card issuers worldwide using proprietary production methods that meet the highest standards of quality and security. CompoSecure was founded in 1910 and is based in Somerset, New Jersey.

Sell -

Seller(S) 1

SELLER

MBF Healthcare Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 397M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

MBF Healthcare Partners (MBF) is a specialist private equity firm that makes investments in emerging and established healthcare companies. MBF seeks investments in businesses with EBITDA of at least $5 million and valued up to $300 million. MBF prefers control ownership positions with typical acquisitions coming in the form of outright business purchases, growth financings, or recapitalizations. MBF Healthcare Partners is based in Coral Gables, Florida.


DEAL STATS #
Overall 12 of 13
Sector (Healthcare Services) 8 of 8
Type (Secondary Buyout) 3 of 3
State (Alabama) 1 of 1
Country (United States) 12 of 13
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-27 Acorn Health

Coral Gables, Florida, United States

Acorn Health develops, applies, and shares the latest advances in the science of applied behavior analysis (ABA) to children with autism in Southern Illinois and Northern Missouri. Acorn Health was founded in 2018 and is based in Coral Gables, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 ABA Connect

Austin, Texas, United States

ABA Connect is a provider of high-quality applied behavior analysis (“ABA”) therapy to children and adolescents with autism spectrum disorder. ABA Connect was founded in 2013 and is based in Austin, Texas.

Buy -