M&A Deal Summary

Siemens Healthineers Acquires ECG Management Consultants

On September 30, 2019, Siemens Healthineers acquired healthcare services company ECG Management Consultants from Gryphon Investors

Acquisition Highlights
  • This is Siemens Healthineers’ 1st transaction in the Healthcare Services sector.
  • This is Siemens Healthineers’ 1st transaction in the United States.
  • This is Siemens Healthineers’ 1st transaction in Washington.

M&A Deal Summary

Date 2019-09-30
Target ECG Management Consultants
Sector Healthcare Services
Buyer(s) Siemens Healthineers
Sellers(s) Gryphon Investors
Deal Type Add-on Acquisition

Target

ECG Management Consultants

Seattle, Washington, United States
ECG Management Consultants, Inc. is a strategic consulting firm that is major healthcare forward, using knowledge and expertise built over the course of four decades to help clients see clearly where healthcare is going and to navigate toward success. ECG Management Consultants was founded in 1973 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Siemens Healthineers

Forchheim, Germany

Category Company
Sector Life Science
Employees71,000
Revenue 21.7B EUR (2023)
DESCRIPTION

Siemens Healthineers is a healthcare provider in precision medicine, redesigning healthcare, improving the patient experience, and digitizing healthcare. Siemens Healthineers is based in Forchheim, Germany.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-02 Varian Medical Systems

Palo Alto, California, United States

Varian Medical Systems is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers and medical oncology practices. Varian is a supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. Varian Medical Systems was formed in 1948 and is based in Palo Alto, California.

Buy $16.4B

Seller(S) 1

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.


DEAL STATS #
Overall 24 of 35
Sector (Healthcare Services) 3 of 6
Type (Add-on Acquisition) 13 of 16
State (Washington) 1 of 1
Country (United States) 24 of 35
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Mechanix Wear

Valencia, California, United States

Mechanix Wear designs and manufacture premium work gloves and sell its products in more than 20,000 retail store locations across more than 70 countries and through industrial distributors. Mechanix Wear was founded in 1991 and is based in Valencia, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 Heartland Veterinary Partners

Chicago, Illinois, United States

Heartland Veterinary Partners is one of the highest quality and fastest growing veterinary support organizations in the United States, with nearly 100 veterinary practices across the Mid-American and Southern markets. Heartland’s footprint continues to rapidly expand through the successful execution of veterinary practice acquisitions and partnerships with independent practicing veterinarians focused on delivering general veterinary services to companion animals. Heartland Veterinary Partners is based in Chicago, Illinois.

Buy -