M&A Deal Summary

Pharos Capital Group Acquires Seaside Healthcare

On January 9, 2014, private equity firm Pharos Capital Group acquired healthcare services company Seaside Healthcare

Acquisition Highlights
  • This is Pharos Capital Group’s 5th transaction in the Healthcare Services sector.
  • This is Pharos Capital Group’s 20th transaction in the United States.
  • This is Pharos Capital Group’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2014-01-09
Target Seaside Healthcare
Sector Healthcare Services
Buyer(s) Pharos Capital Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stephens Investment Banking (Financial)

Target

Seaside Healthcare

Shreveport, Louisiana, United States
Seaside Healthcare owns, develops, and operates a network of facilities and services specializing in mental health treatment services for the adolescent, adult, and geriatric population. Seaside's facilities offer a comprehensive psychiatric continuum of care, including acute inpatient treatment, intensive outpatient services, partial hospitalization programs, home, and community-based services, and therapeutic group homes. Seaside Healthcare was established in 2009 and is based in Shreveport, Louisiana.

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Buyer(S) 1

Buyer

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 21 of 39
Sector (Healthcare Services) 5 of 15
Type (Buyout (LBO, MBO, MBI)) 4 of 18
State (Louisiana) 1 of 1
Country (United States) 20 of 38
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-16 Pioneer Surgical Technology

Marquette, Michigan, United States

Pioneer Surgical Technology is a manufacturer and marketer of spinal and orthopedic implants and instruments for customers internationally. Pioneer Surgical Technology was founded in 1992 and is based in Marquette, Michigan.

Sell $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 The Difference Card

Mount Kisco, New York, United States

The Difference Card is a provider of healthcare cost containment and wellness programs for small and mid-sized employers. EBS is best known for its primary product, the Difference Card, an employer-funded debit card programmed for reimbursement of approved out-of-pocket employee healthcare expenditures. The Difference Card was established in 2001 and is based in Mount Kisco, New York.

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Mergr

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