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  6. Odyssey HealthCare Acquires VistaCare

M&A Deal Summary

Odyssey HealthCare Acquires VistaCare

On January 15, 2008, Odyssey HealthCare acquired healthcare services company VistaCare from Ferrer Freeman & Co.

Acquisition Highlights
  • This is Odyssey HealthCare’s 1st transaction in the Healthcare Services sector.
  • This is Odyssey HealthCare’s 1st transaction in the United States.
  • This is Odyssey HealthCare’s 1st transaction in Texas.

M&A Deal Summary
Date 2008-01-15
Target VistaCare
Sector Healthcare Services
Buyer(s) Odyssey HealthCare
Sellers(s) Ferrer Freeman & Co.
Deal Type Add-on Acquisition
Advisor(s) Shoreline Partners (Financial)

Target

VistaCare

Dallas, Texas, United States
VistaCare, Inc. (NASDAQ: VSTA) is the second largest for-profit provider of Hospice Services. Corporate headquarters are in Scottsdale, AZ.

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Buyer(S) 1

Buyer

Odyssey HealthCare

Atlanta, Georgia, United States
Category Company
Founded 1995
Sector Healthcare Services
DESCRIPTION

Odyssey HealthCare is a provider of hospice care in the US in terms of both average daily patient census and number of locations.

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: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1

Seller(S) 1

SELLER

Ferrer Freeman & Co.

Greenwich, Connecticut, United States
Category Private Equity Firm
Founded 1995
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Ferrer Freeman & Co. (FFC) is a private equity firm that invests exclusively in healthcare companies generating sales minimum $20 to $200 million. FFC also invests in clinical products and outsourcing/infrastructure businesses serving the healthcare sector. FFC looks to commit $10 to $40 million per transaction and focuses primarily on growth capital financings and build-ups. However, the Firm will also selectively fund buyouts as well. Ferrer Freeman & Co. LLC was formed in 1995 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 8 of 25
Sector: Healthcare Services M&A 4 of 11
Type: Add-on Acquisition M&A Deals 7 of 15
State: Texas M&A 2 of 6
Country: United States M&A 8 of 25
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 Reliant Renal Care

Media, Pennsylvania, United States

Reliant Renal Care, Inc. is a dialysis build-up that develops and acquires outpatient dialysis facilities to serve patients with end stage renal disease.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-06 AgaMatrix

Salem, New Hampshire, United States

AgaMatrix is a consumer medical device company that develops and manufactures next-generation blood glucose monitoring products for the diabetes market. AgaMatrix was formed in 2001 and is based in Salem, New Hampshire.

Buy -
Mergr

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