M&A Deal Summary

Onex Partners Acquires Newport Healthcare

On June 7, 2021, private equity firm Onex Partners acquired healthcare services company Newport Healthcare

Acquisition Highlights
  • This is Onex Partners’ 8th transaction in the Healthcare Services sector.
  • This is Onex Partners’ 40th transaction in the United States.
  • This is Onex Partners’ 3rd transaction in Tennessee.

M&A Deal Summary
Date 2021-06-07
Target Newport Healthcare
Sector Healthcare Services
Buyer(s) Onex Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Newport Healthcare

Nashville, Tennessee, United States
Newport Healthcare is a provider of evidence-based healing centers for teens, young adults, and families struggling with mental health issues, eating disorders, and substance abuse. Newport Healthcare is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.

DEAL STATS #
Overall 54 of 58
Sector (Healthcare Services) 8 of 8
Type (Buyout (LBO, MBO, MBI)) 11 of 12
State (Tennessee) 3 of 3
Country (United States) 40 of 42
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 Acacium Group

London, United Kingdom

Acacium Group is a healthcare workforce solutions and services partner dedicated to offering staffing, managed services, and innovative delivery models to health and social care systems and the life sciences industry. The company's specialist brands enable to combine workforce, services, deep clinical expertise, and technology to deliver better outcomes for clients and patients alike. Its experience of working end-to-end, from clinical trials to hospital and community-based services for example gives a unique insight into how best to support clients and make a positive difference.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Ryan Specialty Group

Chicago, Illinois, United States

Ryan Specialty Group is an international specialty insurance organization, which includes a wholesale brokerage firm (RT Specialty) and an underwriting management organization (RSG Underwriting Managers), comprised of 22 individual underwriting companies. Ryan Specialty Group was formed in 2010 and is based in Chicago, Illinois.

Sell -
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