Investment Summary

Vestar Capital Partners and Park Avenue Equity Partners Exits DeVilbiss Healthcare

On July 2, 2015, Drive DeVilbiss Healthcare invested in medical products company DeVilbiss Healthcare from Vestar Capital Partners and Park Avenue Equity Partners

Investment Highlights
  • This is Drive DeVilbiss Healthcare’s 13th transaction in the Medical Products sector.
  • This is Drive DeVilbiss Healthcare’s 9th transaction in the United States.
  • This is Drive DeVilbiss Healthcare’s 1st transaction in Pennsylvania.

Investment Summary

Date 2015-07-02
Target DeVilbiss Healthcare
Sector Medical Products
Investor(s) Drive DeVilbiss Healthcare
Sellers(s) Vestar Capital Partners
Park Avenue Equity Partners
Deal Type Add-on Acquisition

Target

DeVilbiss Healthcare

Somerset, Pennsylvania, United States
DeVilbiss Healthcare is a healthcare equipment manufacturer of respiratory and sleep products that address the needs of patients in institutional and homecare settings. DeVilbiss Healthcare develops highly reliable quality products and services in the oxygen and aerosol therapy markets, as well as designing and manufacturing innovative products for the sleep therapy market.

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Investor(S) 1

Investor

Drive DeVilbiss Healthcare

Port Washington, New York, United States

Category Company
Founded 2000
Sector Medical Products
DESCRIPTION

Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Drive DeVilbiss Healthcare was founded in 2000 and is based in Port Washington, New York.


DEAL STATS #
Overall 15 of 18
Sector: Medical Products M&A 13 of 15
Type: Add-on Acquisition M&A Deals 14 of 16
State: Pennsylvania M&A 1 of 1
Country: United States M&A 9 of 10
Year: 2015 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-10 Columbia Medical

Santa Fe Springs, California, United States

Columbia Medical designs, manufactures and markets branded Durable Medical Equipment (DME) for disabled children and adults.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-25 HurryWorks

Port Washington, New York, United States

HurryWorks LLC is a provider, distributor and retailer of cane in the healthcare market.

Buy -

Seller(S) 2

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 54 of 67
Sector: Medical Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 20 of 29
State: Pennsylvania M&A 3 of 5
Country: United States M&A 42 of 54
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 Press Ganey

South Bend, Indiana, United States

Press Ganey is a provider of healthcare performance solutions for hospitals, healthcare and home care providers. Press Ganey utilizes patient and employee surveys to collect vast amounts of proprietary data on behalf of clients to power its industry-leading benchmarking and analytics tools and advisory services. Press Ganey was founded in 1985 and is based in South Bend, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Veritas Collaborative

Durham, North Carolina, United States

Veritas Collaborative is a specialty hospital system for the treatment of eating disorders. Veritas Collaborative is based in Durham, North Carolina.

Buy -
SELLER

Park Avenue Equity Partners

New York, New York, United States

Category Private Equity Firm
Founded 1997
PE ASSETS 340M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Park Avenue Equity Partners is a private equity firm that seeks investments in North American middle-market companies operating in basic industries. Areas of interest include construction, solid waste, transportation, recycling, healthcare and financial services. Park Avenue looks to invest $50 million per transaction and has an investment horizon of five to seven years. Park Avenue Equity Partners was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 7 of 7
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Pennsylvania M&A 3 of 3
Country: United States M&A 7 of 7
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-09 Joerns Healthcare

Charlotte, North Carolina, United States

Joerns Healthcare is a manufacturer of equipment and provider of wound therapy solutions for the care and handling of patients in post-acute healthcare settings. Joerns Healthcare is based in Charlotte, North Carolina.

Sell -