M&A Deal Summary

McKesson Specialty Health Acquires Vantage Oncology

On February 25, 2016, McKesson Specialty Health acquired healthcare services company Vantage Oncology from CCP Equity Partners, Camden Partners and Oak Hill Capital

Acquisition Highlights
  • This is McKesson Specialty Health’s 2nd transaction in the Healthcare Services sector.
  • This is McKesson Specialty Health’s 2nd transaction in the United States.
  • This is McKesson Specialty Health’s 1st transaction in California.

M&A Deal Summary

Date 2016-02-25
Target Vantage Oncology
Sector Healthcare Services
Buyer(s) McKesson Specialty Health
Sellers(s) CCP Equity Partners
Camden Partners
Oak Hill Capital
Deal Type Add-on Acquisition

Target

Vantage Oncology

Mahattan Beach, California, United States
Vantage Oncology is a provider of radiation oncology, medical oncology and other value-based integrated cancer care services.

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Buyer(S) 1

Buyer

McKesson Specialty Health

Scottsdale, Arizona, United States

Category Company
Sector Healthcare Services
DESCRIPTION

McKesson Specialty Health is a a business unit of the McKesson Corporation provides healthcare services.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Oncology Rehab Partners

Northborough, Massachusetts, United States

Oncology Rehab Partners LLC is an oncology rehabilitation services company based in Northboro, Mass.

Buy -

Seller(S) 3

SELLER

CCP Equity Partners

Hartford, Connecticut, United States

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 23 of 25
Sector: Healthcare Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 15 of 17
State: California M&A 4 of 4
Country: United States M&A 20 of 22
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 InfoGlide Software

Austin, Texas, United States

Infoglide Software is a provider of entity resolution and social network analysis solutions, used primarily to improve fraud detection, security and compliance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 GlobalView Software

Chicago, Illinois, United States

GlobalView, an award-winning provider of analytics, risk management, and data management solutions for global energy and agricultural companies. The GlobalView flagship product, MarketView allows companies across the energy supply chain, risk marketers, and other commodities investors to monitor price movements and manage and assess risk through their trading operations.

Sell -
SELLER

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 19 of 27
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 15
State: California M&A 5 of 6
Country: United States M&A 18 of 26
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 RocketDocs

Dallas, Texas, United States

RocketDocs provides professional services and SaaS solutions to save time and reduce costly man-hours spent managing content and creating information assets. It provides solutions for sales enablement to banking and finance organizations, technology companies, and global enterprises. RocketDocs was formed in 1994 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Conquer

Reno, Nevada, United States

Conquer is an end-to-end Revenue Engagement Solution for enterprise sales and service teams. As a native application for both Salesforce and Microsoft Dynamics 365, Conquer works inside client's existing CRM to make sales and service teams more effective at gaining access, growing pipeline, winning revenue, and strengthening customer relationships. Conquer is based in Reno, Nevada.

Buy -
SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 38 of 56
Sector: Healthcare Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 18 of 23
State: California M&A 4 of 6
Country: United States M&A 31 of 47
Year: 2016 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-27 Imagine

Minneapolis, Minnesota, United States

Imagine is a complete visual communications provider, delivering end-to-end solutions for retailers, CPGs and various other segments. Imagine helps brand marketers execute in-store campaigns with the highest level of quality and accuracy while maintaining a streamlined, cost-effective process. Imagine was founded in 1988 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 FirstLight Fiber

Albany, New York, United States

FirstLight Fiber is a provider of fiber-optic data, Internet, data center and voice services to enterprise and carrier customers in New York and Northern New England with connectivity to Canada connecting in excess of 2,000 locations in service with an additional 14,000 locations serviceable by our 260,000 fiber mile network. FirstLight offers a robust suite of advanced telecommunications products featuring a comprehensive portfolio of high bandwidth connectivity solutions including Ethernet, wavelengths and dark fiber as well as dedicated Internet access solutions, data center services, and voice services such as SIP trunks, virtual PBX, and traditional TDM solutions. FirstLight Fiber was founded in 1999 and is based in Albany, New York.

Buy -