M&A Deal Summary

New Mountain Capital Acquires National HME

On November 29, 2018, private equity firm New Mountain Capital acquired medical products company National HME from Tailwind

Acquisition Highlights
  • This is New Mountain Capital’s 2nd transaction in the Medical Products sector.
  • This is New Mountain Capital’s 51st transaction in the United States.
  • This is New Mountain Capital’s 2nd transaction in Texas.

M&A Deal Summary
Date 2018-11-29
Target National HME
Sector Medical Products
Buyer(s) New Mountain Capital
Sellers(s) Tailwind
Deal Type Secondary Buyout

Target

National HME

Richland Hills, Texas, United States
National HME is a provider of outsourced medical equipment management solutions to the hospice market. National HME delivers medical equipment to hospice caregivers either directly through its full-service locations or through its credentialed network of local providers. The company also provides consolidated ordering and invoicing as well as data on utilization, cost trends, and network management for reporting and analytics. National HME was formed in 2006 and is based in Richland Hills, Texas.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 55 of 95
Sector (Medical Products) 2 of 4
Type (Secondary Buyout) 19 of 38
State (Texas) 2 of 4
Country (United States) 51 of 90
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-26 Beeline

Jacksonville, Florida, United States

Beeline is an independent provider of cloud solutions for sourcing and managing the complex world of contingent labor that enables companies to increase profitability and flexibility by utilizing an agile mix of employee and non-employee talent. The company's software helps procurement, sourcing, and human resources professionals optimize costs, reduce risks, and add value to their services procurement and contingent workforce programs. It delivers innovative technology, end-to-end global and localized customer engagement services, and value-added capabilities which help many of the world's largest enterprises meet their most critical talent needs. Beeline was formed in 1999 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Remedy Partners

Norwalk, Connecticut, United States

Remedy Partners is a technology, data, analytics, and services provider for the healthcare “bundled payments” sector, with offerings that both reduce healthcare costs and improve patient outcomes. Bundled payments link payments for the multiple services beneficiaries receive during an episode of care, enabling organizations to enter into payment arrangements that include financial and performance accountability for episodes of care. Remedy uses a proprietary database and advanced data and analytics to collaborate with health systems, at-risk providers, and employers in order to improve coordination of post-acute care.

Buy -

Seller(S) 1

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 17 of 33
Sector (Medical Products) 2 of 2
Type (Secondary Buyout) 5 of 13
State (Texas) 2 of 2
Country (United States) 17 of 33
Year (2018) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-28 Apex Companies

Rockville, Maryland, United States

Apex is a multi-disciplinary environmental services firm with 28 branches located throughout the Eastern and Central United States. The company provides a broad platform of environmental services, including stormwater system design, engineering, and maintenance; ports, harbors, and water system design and engineering; environmental remediation; industrial hygiene services; and general site assessment, regulatory compliance, and environmental consulting work. Apex was formed in 1988 and is headquartered in Rockville, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 TowerCo.

Cary, North Carolina, United States

TowerCo. LLC develops and owns wireless communications towers and leases the towers' capacity to communications service providers. In addition to leasing towers, the company also markets and manages third-party towers for regional carriers.

Sell -
Mergr

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