M&A Deal Summary

MedStar Health Acquires Righttime

On December 1, 2020, MedStar Health acquired healthcare services company Righttime from Seacoast Capital

Acquisition Highlights
  • This is MedStar Health’s 1st transaction in the Healthcare Services sector.
  • This is MedStar Health’s 1st transaction in the United States.
  • This is MedStar Health’s 1st transaction in Maryland.

M&A Deal Summary

Date 2020-12-01
Target Righttime
Sector Healthcare Services
Buyer(s) MedStar Health
Sellers(s) Seacoast Capital
Deal Type Add-on Acquisition

Target

Righttime

Crofton, Maryland, United States
Righttime is a provider of urgent care services to patients with clinics as far north as Frederick, Maryland to Montgomery County, Howard County, Baltimore, Anne Arundel County, and south into Charles and St. Mary’s Counties.

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Buyer(S) 1

Buyer

MedStar Health

Columbia, Maryland, United States

Category Company
Founded 1999
Sector Healthcare Services
DESCRIPTION

MedStar Health is a not-for-profit health system dedicated to caring for people in Maryland and the Washington, D.C., region, while advancing the practice of medicine through education, innovation, and research. MedStar Health was formed in 1999 and operates 14 urgent care centers across the Baltimore and Washington, D.C. region.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 18 of 23
Sector: Healthcare Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 7
State: Maryland M&A 1 of 1
Country: United States M&A 18 of 23
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 AMP Smart

Lehi, Utah, United States

AMP Smart is a residential security and smart home company that currently operates in 21 U.S. states, from California to New York. The company connects clients with their home using Smart products and services to make life easier and safer. AMP Smart was founded in 2007 and is based in Lehi, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Legal Sea Foods

Boston, Massachusetts, United States

Legal Sea Foods is a seafood restaurant in 6 states (and Washington, D.C.) across 8 unique restaurant concepts. The Company produces, markets and sells Legal Sea Foods branded seafood products directly to consumers via its website and at retail through select specialty retailers. Legal Sea Foods was established in 1968 and is based in Boston, Massachusetts.

Sell -