M&A Deal Summary

RehabCare Group Acquires Triumph HealthCare

On November 4, 2009, RehabCare Group acquired healthcare services company Triumph HealthCare from TA Associates for 570M USD

Acquisition Highlights
  • This is RehabCare Group’s 1st transaction in the Healthcare Services sector.
  • This is RehabCare Group’s largest (disclosed) transaction.
  • This is RehabCare Group’s 1st transaction in the United States.
  • This is RehabCare Group’s 1st transaction in Texas.
Investment Fate
  • Triumph HealthCare merged with another company in 2011 for 900M USD.

M&A Deal Summary

Date 2009-11-04
Target Triumph HealthCare
Sector Healthcare Services
Buyer(s) RehabCare Group
Sellers(s) TA Associates
Deal Type Merger
Deal Value 570M USD

Target

Triumph HealthCare

Houston, Texas, United States
Triumph HealthCare is a privately-owned hospital company that was formed to develop and operate long-term acute care hospitals. Triumph hospitals specialize in providing services to medically complex patients for whom the short-term care hospital is no longer the most appropriate or cost-effective setting for necessary continued care.

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Buyer(S) 1

Buyer

RehabCare Group

Louisville, Kentucky, United States

Category Company
Founded 1982
Sector Healthcare Services
DESCRIPTION

RehabCare is a provider of post-acute care, owning and operating 34 long-term acute care and rehabilitation hospitals and providing program management services in partnership with over 1,250 hospitals and skilled nursing facilities in 42 states and Puerto Rico.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Triumph HealthCare

Houston, Texas, United States

Triumph HealthCare is a privately-owned hospital company that was formed to develop and operate long-term acute care hospitals. Triumph hospitals specialize in providing services to medically complex patients for whom the short-term care hospital is no longer the most appropriate or cost-effective setting for necessary continued care.

Sell $900M

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 134 of 255
Sector (Healthcare Services) 6 of 18
Type (Merger) 5 of 6
State (Texas) 9 of 19
Country (United States) 127 of 206
Year (2009) 2 of 5
Size (of disclosed) 23 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-06 TEOCO

Fairfax, Virginia, United States

TEOCO Corp. is a provider of assurance and analytics software solutions to communication service providers (CSPs) worldwide. TEOCO's solutions provide CSPs with insights into business, customer, network and device metrics by harnessing big data analytics. TEOCO was founded in 1995 and is based in Fairfax, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-08 OpenLink Financial

Uniondale, New York, United States

OpenLink Financial is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy and financial services markets globally. OpenLink’s blue chip client base of more than 150 customers worldwide includes twelve of the top twenty-five largest commodity and energy companies by market capitalization, eight of the largest financial institutions and eleven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore.

Sell $480M