M&A Deal Summary

Meijer Acquires Aureus Health Services

On May 20, 2015, Meijer acquired medical products company Aureus Health Services from BelHealth Investment Partners

Acquisition Highlights
  • This is Meijer’s 1st transaction in the Medical Products sector.
  • This is Meijer’s 1st transaction in the United States.
  • This is Meijer’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2015-05-20
Target Aureus Health Services
Sector Medical Products
Buyer(s) Meijer
Sellers(s) BelHealth Investment Partners
Deal Type Add-on Acquisition
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)

Target

Aureus Health Services

Pittsburgh, Pennsylvania, United States
Aureus Health Services LLC is a specialty pharmacy and health services organization that provides prescription drugs, nutritional supplements and therapy management services primarily for patients living with HIV, Hepatitis C, Cancer, and other chronic and rare conditions.

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Buyer(S) 1

Buyer

Meijer

Grand Rapids, Michigan, United States
Category Company
Founded 1934
Sector Retail
DESCRIPTION

Meijer, Inc. is a retailer that operates 217 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

BelHealth Investment Partners

Fort Lauderdale, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BelHealth Investment Partners LLC is a private equity firm focused on mid-sized healthcare companies. The Firm looks to invest $20 to $50 million per transaction and specifically targets healthcare services, healthcare products, healthcare distribution, and healthcare IT. BelHealth prefers companies with recurring revenue, high margins, diverse customers, low regulatory oversight, and modest technology risk. Prospective companies are typically profitable with at least $20-$100 million of enterprise value, $10-$100 million of revenue and $2-$10 million of EBITDA. BelHealth was formed in 2011 and is based in New York City.

DEAL STATS #
Overall 2 of 9
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 2 of 9
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-07 Precision Diagnostics

San Diego, California, United States

Precision Diagnostics is a clinical laboratory that specializes in providing quantitative drug testing, primarily for the purpose of helping physicians monitor their patients undergoing treatment for pain or substance abuse. Precision Diagnostics was founded in 2011 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 Geritrex

Middletown, New York, United States

Geritrex LLC is a manufacturer and distributor of primarily topical generic OTC products and pharmaceuticals to patients in institutional healthcare settings. Geritrex was founded in 1978 and is based in Middletown, New York.

Buy -
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