M&A Deal Summary

OMERS Private Equity Acquires Premise Health

On June 28, 2018, private equity firm OMERS Private Equity acquired healthcare services company Premise Health from Water Street Healthcare Partners

Acquisition Highlights
  • This is OMERS Private Equity’s 6th transaction in the Healthcare Services sector.
  • This is OMERS Private Equity’s 18th transaction in the United States.
  • This is OMERS Private Equity’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2018-06-28
Target Premise Health
Sector Healthcare Services
Buyer(s) OMERS Private Equity
Sellers(s) Water Street Healthcare Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Premise Health

Brentwood, Tennessee, United States
Premise Health is the direct healthcare company pioneering new models to deliver powerfully effortless healthcare. Premise Health delivers unmatched quality, access and value through more than 600 health and wellness centers in 44 states, Guam and Puerto Rico. Premise Health was founded in 2014 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.

DEAL STATS #
Overall 41 of 55
Sector (Healthcare Services) 6 of 10
Type (Secondary Buyout) 22 of 33
State (Tennessee) 2 of 2
Country (United States) 18 of 28
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 AMS

London, United Kingdom

AMS is a worldwide provider of total workforce solutions, serving more than 100 blue-chip clients in over 90 countries. AMS was founded in 1996 and is based in London, United Kingdom.

Buy £820M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Paradigm Outcomes

Walnut Creek, California, United States

Paradigm Outcomes is a provider of managed care services for persons with catastrophic injuries from the workplace. Paradigm, through its proprietary databases, processes and medical network, achieves improved outcomes for injured workers as well as significant savings for insurers and other parties involved in their care. Paradigm Outcomes was founded in 1991 and is based in Walnut Creek, California.

Buy -

Seller(S) 1

SELLER

Water Street Healthcare Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Water Street is a specialist private equity firm that targets investments in healthcare companies. Specific areas of interest within healthcare include diagnostic devices, medical products, pharmaceutical services, specialty distribution, specialty pharmaceuticals, and specialty services. Water Street targets non-core units of larger corporations and private middle-market companies. Transactions are typically valued between $50 and $500 million. Water Street does not invest in biotechnology, traditional healthcare facilities (hospitals, nursing homes) or early-stage companies without positive cash flow. Water Street was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 24 of 31
Sector (Healthcare Services) 7 of 8
Type (Secondary Buyout) 7 of 7
State (Tennessee) 1 of 1
Country (United States) 24 of 30
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-18 Triplefin

Cincinnati, Ohio, United States

Triplefin LLC is a provider of integrated business process outsourcing solutions to pharmaceutical and consumer products companies. Triplefin delivers comprehensive hub services that improve patient access and adherence, including its patent-pending Rx365® suite of digital solutions. Triplefin’s programs help thousands of patients with serious diseases, offering hope and improved well-being. Its associates are dedicated to providing an empathetic, caring experience throughout a patient’s journey. The company is headquartered in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 New Century Health

Brea, California, United States

New Century Health is a care management company that provides innovative technology and clinical solutions that help to improve the quality of patient care, reduce administrative work associated with the delivery of care, and lower therapeutic costs for payers and physicians.

Sell $217M
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