M&A Deal Summary

Preferred Homecare Acquires Lifecare Solutions

On January 1, 2011, Preferred Homecare acquired healthcare services company Lifecare Solutions from Westar Capital

Acquisition Highlights
  • This is Preferred Homecare’s 1st transaction in the Healthcare Services sector.
  • This is Preferred Homecare’s 1st transaction in the United States.
  • This is Preferred Homecare’s 1st transaction in California.

M&A Deal Summary

Date 2011-01-01
Target Lifecare Solutions
Sector Healthcare Services
Buyer(s) Preferred Homecare
Sellers(s) Westar Capital
Deal Type Add-on Acquisition

Target

Lifecare Solutions

San Diego, California, United States
Lifecare Solutions, Inc. is a provider of integrated home healthcare services, including infusion therapy, respiratory therapy, and durable medical equipment.

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Buyer(S) 1

Buyer

Preferred Homecare

Phoenix, Arizona, United States

Category Company
Founded 1997
Sector Healthcare Services
DESCRIPTION

Founders Healthcare LLC provides home healthcare products and services in the Southwest. The company offers respiratory, home infusion, and home medical equipment therapies and services through its branch offices and service centers. Founders Healthcare was formed in 1997 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Westar Capital

Costa Mesa, California, United States

Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Westar Capital LLC was a private investment firm focused on acquiring established middle-market growth companies in partnership with management. Westar also sought to provide equity financing for corporate expansions, restructurings, acquisitions, and fund shareholder liquidity needs. Westar Capital LLC was established in 1987 and was based in Costa Mesa, California.


DEAL STATS #
Overall 10 of 12
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 7 of 7
Country: United States M&A 10 of 12
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-13 Igloo Products

Katy, Texas, United States

Igloo Products designs, produces and distributes a wide and sophisticated assortment of branded hard and soft side coolers, beverage containers, outdoor products and related accessories. Igloo Products was founded in 1947 and is based in Katy, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-24 Petmate

Arlington, Texas, United States

Petmate is a supplier of a wide variety of non-food pet products to retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. Petmate reaches customers through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.

Sell -