M&A Deal Summary

Lovelace Health System Acquires Heart Hospital of New Mexico

On May 9, 2011, Lovelace Health System acquired healthcare services company Heart Hospital of New Mexico from MedCath for 119M USD

Acquisition Highlights
  • This is Lovelace Health System’s 2nd transaction in the Healthcare Services sector.
  • This is Lovelace Health System’s largest (disclosed) transaction.
  • This is Lovelace Health System’s 2nd transaction in the United States.
  • This is Lovelace Health System’s 2nd transaction in New Mexico.

M&A Deal Summary
Date 2011-05-09
Target Heart Hospital of New Mexico
Sector Healthcare Services
Buyer(s) Lovelace Health System
Sellers(s) MedCath
Deal Type Divestiture
Deal Value 119M USD

Target

Heart Hospital of New Mexico

Albuquerque, New Mexico, United States
Heart Hospital of New Mexico independent cardiovascular medical group in the region, providing state-of-the-art care for patients statewide, and accepting most insurance programs and Medicare.

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Buyer(S) 1

Buyer

Lovelace Health System

Albuquerque, New Mexico, United States
Category Company
Founded 1880
Sector Healthcare Services
DESCRIPTION

Lovelace Health System comprises Lovelace Medical Center, Lovelace Rehabilitation Hospital, Lovelace Women's Hospital, Lovelace Westside Hospital, Heart Hospital of New Mexico at Lovelace Medical Center, Lovelace Regional Hospital-Roswell, the Lovelace Health Plan, and 11 retail pharmacy locations.

DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 2 of 3
Type (Divestiture) 2 of 2
State (New Mexico) 2 of 3
Country (United States) 2 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-31 S.E.D. Medical Laboratories

Albuquerque, New Mexico, United States

S.E.D. Medical Laboratories is a nationally recognized full-service medical and federally certified drugs-of-abuse testing laboratory with a staff of 450. S.E.D. operates from a modern 50,000 square-foot facility with state-of-the-art equipment and cutting-edge technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 S.E.D. Medical Laboratories

Albuquerque, New Mexico, United States

S.E.D. Medical Laboratories is a nationally recognized full-service medical and federally certified drugs-of-abuse testing laboratory with a staff of 450. S.E.D. operates from a modern 50,000 square-foot facility with state-of-the-art equipment and cutting-edge technology.

Sell -

Seller(S) 1

SELLER

MedCath

Charlotte, North Carolina, United States
Category Company
Founded 1996
Sector Healthcare Services
Employees272
Revenue 442M USD (2014)
DESCRIPTION

MedCath Corp. is a developer, owner and operator of hospitals in partnership with cardiologists and cardiovascular surgeons.

DEAL STATS #
Overall 2 of 5
Sector (Healthcare Services) 2 of 5
Type (Divestiture) 2 of 4
State (New Mexico) 1 of 1
Country (United States) 2 of 5
Year (2011) 1 of 4
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-18 Heart Hospital Of Austin

Austin, Texas, United States

Heart Hospital Of Austin The uniquely designed 58-bed hospital offers a full range of cardiac services and includes a 24-hour full-service emergency center.

Buy $84M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Arkansas Heart Hospital

Little Rock, Arizona, United States

Sell $73M
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