M&A Deal Summary

Ochsner Clinic Foundation Acquires Millennium Healthcare Management

On January 10, 2017, Ochsner Clinic Foundation acquired healthcare services company Millennium Healthcare Management from Elm Creek Partners

Acquisition Highlights
  • This is Ochsner Clinic Foundation’s 1st transaction in the Healthcare Services sector.
  • This is Ochsner Clinic Foundation’s 1st transaction in the United States.
  • This is Ochsner Clinic Foundation’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2017-01-10
Target Millennium Healthcare Management
Sector Healthcare Services
Buyer(s) Ochsner Clinic Foundation
Sellers(s) Elm Creek Partners
Deal Type Add-on Acquisition

Target

Millennium Healthcare Management

Metairie, Louisiana, United States
Millennium Healthcare Management, Inc. is an operator and manager of multiple urgent care clinics in the southern Louisiana and Mississippi markets. Millennium Healthcare Management was founded in 2006 and is based in Metairie, Louisiana.

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Buyer(S) 1

Buyer

Ochsner Clinic Foundation

New Orleans, Louisiana, United States

Category Company
Founded 1942
Sector Healthcare Services
DESCRIPTION

Ochsner Clinic Foundation,provides multi-specialty, healthcare delivery system. Driven by a mission to Serve, Heal, Lead, Educate and Innovate, coordinated clinical and hospital patient care is provided across the region by 10 hospitals, both owned and managed, and more than 40 health centers in Louisiana.


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: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 Ochsner Health Plan

New Orleans, Louisiana, United States

Ochsner Health Plan provides health benefits plans in the New Orleans market and the third largest in the state of Louisiana with approximately 152,000 Commercial medical members, primarily in large group accounts, and approximately 31,000 members in the MedicareAdvantage program.

Sell -

Seller(S) 1

SELLER

Elm Creek Partners

Dallas, Texas, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Elm Creek Partners is a private equity firm that looks to partner with entrepreneurs and management teams to pursue niche opportunities with large market potential. Areas of interest include niche manufacturing (aerospace, defense, packaging equipment), industrial services (waste, recycling, logistics, testing services), healthcare, and transaction processing. Elm Creek looks to invest $3 to $6 million of equity capital in companies with annual revenues up to $50 million. Prospective transaction types can include recapitalizations, acquisition financings, and growth capital investments. Elm Creek will consider investments across the US, but focuses on transactions in the Southwest US and Texas. Elm Creek Partners was established in 2007 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 2 of 5
Sector: Healthcare Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 5
State: Louisiana M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Liberty Greenleaf

Phoenix, Arizona, United States

Liberty Greenleaf is a specialty converter and distributor of thermal paper. Liberty Greenleaf provides customized solutions to its customers across a variety of end markets, including restaurants, point-of-sale, and gaming. Liberty Greenleaf was founded in 1987 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Care Group

Houston, Texas, United States

Care Group is a provider of in-home, pediatric respiratory therapy and enteral feeding services. The Care Group was founded in 1987 and is based in Houston, Texas.

Sell -