M&A Deal Summary

Prairie Capital Acquires Legacy Hospice

On January 1, 2020, private equity firm Prairie Capital acquired healthcare services company Legacy Hospice

Acquisition Highlights
  • This is Prairie Capital’s 4th transaction in the Healthcare Services sector.
  • This is Prairie Capital’s 66th transaction in the United States.
  • This is Prairie Capital’s 1st transaction in Alabama.

M&A Deal Summary

Date 2020-01-01
Target Legacy Hospice
Sector Healthcare Services
Buyer(s) Prairie Capital
Deal Type Recapitalization

Target

Legacy Hospice

Daphne, Alabama, United States
Legacy Hospice Holdings is a provider of hospice services in rural, lower-cost settings with 70% of the Company’s care administered in the patient’s home. Legacy currently services more than 600 patients daily from 21 office locations throughout seven contiguous states in the Southeast. Legacy Hospice is based in Daphne, Alabama.

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Buyer(S) 1

Buyer

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 67 of 78
Sector: Healthcare Services M&A 4 of 4
Type: Recapitalization M&A Deals 17 of 25
State: Alabama M&A 1 of 1
Country: United States M&A 66 of 76
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 P1 Dental Partners

Indianapolis, Indiana, United States

P1 Dental Partners is a physician-led dental service organization (DSO) with multiple practices focused on serving markets in the Midwest. P1 Dental Partners is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-21 Netalytics

Greer, South Carolina, United States

Netalytics is a software development company with a focus on creating solutions for the behavior healthcare industry. Its comprehensive purpose-built solutions provide a wide array of functionality, including managing inventory, controlling dosing, and tracking regulatory compliance. Netalytics is based in Greer, South Carolina.

Buy -