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M&A Deal Summary

LMC Healthcare Acquires LMC Manna Research

On April 28, 2015, LMC Healthcare acquired healthcare services company LMC Manna Research from Persistence Capital Partners

Acquisition Highlights
  • This is LMC Healthcare’s 1st transaction in the Healthcare Services sector.
  • This is LMC Healthcare’s 1st transaction in Canada.
  • This is LMC Healthcare’s 1st transaction in Ontario.

M&A Deal Summary
Date 2015-04-28
Target LMC Manna Research
Sector Healthcare Services
Buyer(s) LMC Healthcare
Sellers(s) Persistence Capital Partners
Deal Type Merger

Target

LMC Manna Research

Toronto, Ontario, Canada
LMC Manna Research specializes in conducting national and international Phase IIa, Phase IIb and Phase IIIa and Phase IIIb clinical trials utilizing oral, topical, intravenous, injectable medications, and device trials in compliance with FDA, TPD, and ICH standards. LMC Manna Research was founded in 1996 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

LMC Healthcare

Toronto, Ontario, Canada
Category Company
Founded 1997
Sector Healthcare Services
DESCRIPTION

LMC Healthcare provides a network of diabetes centers, partnering with over 50 endocrinologists and 30 diabetes educators in 11 sites across Canada. LMC provides multi-disciplinary community-based care to Canadian diabetics and endocrinology patients. LMC Healthcare was founded in 1997 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Merger) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Persistence Capital Partners

Montreal, Quebec, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

PCP Management Inc. (Persistence Capital Partners) is a specialist private equity group focused on investing in Canadian healthcare companies. The Firm targets to companies with post revenues, enterprise driven lead by strong management teams. Types of transaction includes MBOs, recapitalization, divestitures/carve outs and special situations. Persistence was formed in 2008 and is based in Montreal.

DEAL STATS #
Overall 3 of 8
Sector (Healthcare Services) 3 of 5
Type (Merger) 2 of 2
State (Ontario) 1 of 3
Country (Canada) 3 of 8
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-12 MDBriefCase Group

Toronto, Ontario, Canada

MDBriefCase Group, Inc. specializes in developing online, accredited and unaccredited continuing professional development for healthcare professionals. The company partners with prestigious regional and international medical associations to ensure its innovative education programs reflect the local experiences of healthcare professionals around the world. MDBriefCase Group was founded in 2001 and is based in Toronto, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 FunctionAbility

Vaughan, Ontario, Canada

FunctionAbility is an operator of community-based rehabilitation services provider. The Company provides multidisciplinary rehabilitation services including occupational therapy, social work, case management, and speech-language pathology. FunctionAbility was founded in 2001 and is based in Vaughan, Ontario.

Buy -
Mergr

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