M&A Deal Summary

NorthShore University HealthSystem Acquires NeuroSource

On December 1, 2009, NorthShore University HealthSystem acquired healthcare services company NeuroSource from BPOC

Acquisition Highlights
  • This is NorthShore University HealthSystem’s 1st transaction in the Healthcare Services sector.
  • This is NorthShore University HealthSystem’s 1st transaction in the United States.
  • This is NorthShore University HealthSystem’s 1st transaction in Illinois.

M&A Deal Summary

Date 2009-12-01
Target NeuroSource
Sector Healthcare Services
Buyer(s) NorthShore University HealthSystem
Sellers(s) BPOC
Deal Type Add-on Acquisition

Target

NeuroSource

Chicago, Illinois, United States
NeuroSource provides services to neuroscience-focused inpatient facilities and physician practices. Services include facilities development and management, diagnostic/treatment equipment acquisition and management, physician practice services, and consulting services.

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Buyer(S) 1

Buyer

NorthShore University HealthSystem

Evanston, Illinois, United States

Category Company
Founded 1981
Sector Healthcare Services
DESCRIPTION

NorthShore University Health System operates hospitals and medical group offices


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: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 1

SELLER

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 16 of 37
Sector: Healthcare Services M&A 6 of 11
Type: Add-on Acquisition M&A Deals 5 of 18
State: Illinois M&A 4 of 6
Country: United States M&A 15 of 36
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-17 Axentis

Cleveland, Ohio, United States

Axentis provides software solutions that bring efficiency, order and control to costly, high exposure business processes. The Company's integrated solution improves workforce productivity and reduces costs, lessening exposure to governance, regulatory and operational failures.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Origin Healthcare Solutions

Chicago, Illinois, United States

Origin Healthcare Solutions LLC is a provider of healthcare revenue cycle management solutions as well as business and clinical intelligence systems to office-based and hospital-based physician practices.

Buy -