M&A Deal Summary

Pediatric Home Service Acquires Care Group

On January 13, 2020, Pediatric Home Service acquired healthcare services company Care Group from Elm Creek Partners and Bowside Capital

Acquisition Highlights
  • This is Pediatric Home Service’s 1st transaction in the Healthcare Services sector.
  • This is Pediatric Home Service’s 1st transaction in the United States.
  • This is Pediatric Home Service’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-01-13
Target Care Group
Sector Healthcare Services
Buyer(s) Pediatric Home Service
Sellers(s) Elm Creek Partners
Bowside Capital
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Pediatric Home Service

Roseville, Minnesota, United States
Category Company
Founded 1990
Sector Healthcare Services
DESCRIPTION

Pediatric Home Service is an independent children’s home health care agency. Pediatric Home Service provides pediatric respiratory equipment, enteral nutrition, infusion nursing & pharmacy, home care/private duty nursing, and more. Pediatric Home Service was founded in 1990 and is based in Roseville, Minnesota.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Apple Homecare Medical Supply

Dallas, Texas, United States

Apple Homecare Medical Supply is a provider of home medical equipment and disposable supplies, with a focus on pediatrics. Apple Homecare Medical Supply was founded in 1997 and is based in Dallas, Texas.

Buy -

Seller(S) 2

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 3 of 5
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 3 of 5
State (Texas) 2 of 3
Country (United States) 3 of 5
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 FreeFlight Systems

Irving, Texas, United States

FreeFlight Systems Ltd. is a provider of navigation systems for commercial and military aircraft. FreeFlight Systems was founded in 2001 and is based in Irving, Texas.

Sell -
SELLER

Bowside Capital

Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Bowside Capital is a private investment firm that invests in small buyout funds with less then $150 million of capital. In addition to fund investing, Bowside acquires interests in funds and co-invests alongside small funds in direct transactions. Bowside Capital was formed in 2009 and is headquartered in Charleston, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Wolf Manufacturing

Waco, Texas, United States

Wolf Manufacturing is a manufacturer/importer of fine sewn products ranging from neck pillows, travel pillows, travel blankets, fleece throws, stadium blankets, and other items. The company sells to retailers including airport stores, mass merchandisers, drug and pharmacy stores, travel centers, specialty stores, off-price retailers, as well as online retailers. Wolf Manufacturing was formed in 1946 and is based in Waco, Texas.

Buy -
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