M&A Deal Summary

SolAmor Hospice Acquires Countryside Hospice Care

On December 29, 2010, SolAmor Hospice acquired healthcare services company Countryside Hospice Care from High Street Capital

Acquisition Highlights
  • This is SolAmor Hospice’s 2nd transaction in the Healthcare Services sector.
  • This is SolAmor Hospice’s 2nd transaction in the United States.
  • This is SolAmor Hospice’s 1st transaction in Alabama.

M&A Deal Summary

Date 2010-12-29
Target Countryside Hospice Care
Sector Healthcare Services
Buyer(s) SolAmor Hospice
Sellers(s) High Street Capital
Deal Type Add-on Acquisition
Advisor(s) Provident Healthcare Partners (Financial)

Target

Countryside Hospice Care

Anniston, Alabama, United States
Countryside Hospice is licensed to provide hospice services to 114 contiguous counties and in partnering with SolAmor, Countryside will have the ability to serve additional patients in these counties.

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Buyer(S) 1

Buyer

SolAmor Hospice

Colorado Springs, Colorado, United States

Category Company
Founded 2001
Sector Healthcare Services
DESCRIPTION

Solamor Hospice, Inc. provides healthcare services. It offers care and hospice services that range from medical and personal care to psychosocial and spiritual support for patients, as well as education and grief management for their families.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alabama M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Allegiance Hospice Group

Lowell, Massachusetts, United States

Allegiance Hospice Group, Inc. provides hospice services for patients in the Merrimack Valley and Southeastern Massachusetts.

Buy -

Seller(S) 1

SELLER

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 15
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 7
State: Alabama M&A 1 of 1
Country: United States M&A 1 of 15
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Koontz-Wagner

South Bend, Indiana, United States

Koontz-Wagner offers repair and testing services for electric motors and other mechanical and electrical equipment, as well as electrical contracting services for commercial and industrial projects. Its maintenance services division repairs motors, generators, switchgear, transformers, electronics, and other electrical and mechanical equipment. Koontz-Wagner was founded in 1921 and is based in South Bend, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 DiversiTech

Duluth, Georgia, United States

DiversiTech is an aftermarket manufacturer and distributor of components for residential and light commercial heating, ventilating, air conditioning, and refrigeration (‘HVACR’). DiversiTech was founded in 1971 and is based in Duluth, Georgia.

Sell -