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  6. SpecialtyCare Acquires Precedent Health

M&A Deal Summary

SpecialtyCare Acquires Precedent Health

On August 10, 2018, SpecialtyCare acquired healthcare services company Precedent Health from Claritas Capital

Acquisition Highlights
  • This is SpecialtyCare’s 2nd transaction in the Healthcare Services sector.
  • This is SpecialtyCare’s 6th transaction in the United States.
  • This is SpecialtyCare’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2018-08-10
Target Precedent Health
Sector Healthcare Services
Buyer(s) SpecialtyCare
Sellers(s) Claritas Capital
Deal Type Add-on Acquisition

Target

Precedent Health

Nashville, Tennessee, United States
Precedent Health, Inc. is specializes in Intraoperative Neurophysiological Monitoring (IONM) and patient registries by partnering with surgeons and hospitals to provide patients with optimal care during complex surgeries involving the neural structures. IONM is designed to warn the surgeon of any issues within the nervous system before they lead to permanent neurological injury. The use of IONM can reduce length of stay, allow for a faster recovery, and reduce the potential for corrective procedures.

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Buyer(S) 1

Buyer

SpecialtyCare

Brentwood, Tennessee, United States
Category Company
Founded 2006
Sector Healthcare Services
DESCRIPTION

SpecialtyCare is a provider of outsourced operating room services including perfusion and intraoperative neuromonitoring, autotransfusion, sterile processing management, surgical assist, and minimally invasive surgical support. SpecialtyCare was founded in 2006 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 6 of 6
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: Tennessee M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Trident Health Resources

Dunedin, Florida, United States

Trident Health Resources, Inc. is a provider of perfusion staffing for hospital open heart programs.

Buy -

Seller(S) 1

SELLER

Claritas Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Claritas Capital is a private investment group focused on direct company and real estate investing. The Firm's equity group looks to partner with management in pursuit of healthcare, business services, and technology platform investments. Claritas does not have any company stage preferences and generally seeks to invest $2 to $5 million per transaction. The Firm's real estate group seeks to provide mezzanine debt and equity to retail, commercial, and multi-family properties. Claritas Capital was formed in 2002 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 8 of 11
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 8
State: Tennessee M&A 5 of 7
Country: United States M&A 8 of 11
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-13 Snag-A-Slip

Annapolis, Maryland, United States

Snag-A-Slip is an online boat slip reservation company. Snag-A-Slip has grown its network to include more than 500 marinas from Canada to the Caribbean and recently launched a new website, mobile apps, and a rewards program for boaters. The mobile-responsive website and mobile apps allow boaters to explore marinas by region, city, or marina name and then search for slip availability based on travel dates, length, beam, draw, and power requirements. Snag-A-Slip was founded in 2015 and is based in Annapolis, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-03 Pace Payment Systems

Murfreesboro, Tennessee, United States

Pace Payment Systems is a service payment solution provider that serves businesses by offering payment processing services for Visa, MasterCard, Discover, etc. Pace Payment Systems was founded in 1999 and is based in Murfreesboro, Tennessee.

Sell $53M
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