M&A Deal Summary

SpecialtyCare Acquires ProNerve

On February 24, 2015, SpecialtyCare acquired medical products company ProNerve from Waud Capital Partners

Acquisition Highlights
  • This is SpecialtyCare’s 3rd transaction in the Medical Products sector.
  • This is SpecialtyCare’s 3rd transaction in the United States.
  • This is SpecialtyCare’s 1st transaction in Colorado.

M&A Deal Summary

Date 2015-02-24
Target ProNerve
Sector Medical Products
Buyer(s) SpecialtyCare
Sellers(s) Waud Capital Partners
Deal Type Add-on Acquisition

Target

ProNerve

Broomfield, Colorado, United States
ProNerve LLC is a provider of intraoperative neuromonitoring ("IONM") services in the U.S. IONM involves the use of a variety of electro-physiological monitoring procedures during surgery to allow early warning and avoidance of injury to nervous systems structures.

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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 3 of 6
Sector (Medical Products) 3 of 3
Type (Add-on Acquisition) 3 of 6
State (Colorado) 1 of 1
Country (United States) 3 of 6
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-14 Surgical Monitoring Associates

Springfield, Pennsylvania, United States

Surgical Monitoring Associates® is a provider of outsourced Intraoperative Neurophysiological Monitoring (IONM) services to leading hospitals and surgical groups throughout the Northeast.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-26 Sentient Medical Systems

Hunt Valley, Maryland, United States

Sentient Medical Systems is a provider of intraoperative monitoring (“IOM”) services and non-surgical diagnostic monitoring services to approximately 300 health care facilities in 24 states.

Buy -

Seller(S) 1

SELLER

Waud Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Waud Capital Partners is a private equity firm that pursues investments in mid-sized manufacturing, distribution and service companies. Waud looks for businesses with proven management, operating in well defined markets, and that demonstrate strong growth potential. The Firm typically invests $75 to $200 million. Specific areas of interest include adhesives, air/water treatment, alarm monitoring, auto components, coatings, consumer products, home healthcare services, hospitals, lighting, litigation support, medical distribution, petroleum distribution, pharmaceuticals, publishing, sealants, specialty hospitals, and tax consultants. Prospective transaction situations include buyouts, recapitalizations and industry consolidations. Waud Capital Partners was established in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 16 of 27
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 8 of 10
State (Colorado) 1 of 2
Country (United States) 15 of 26
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-13 Cogent Healthcare

Brentwood, Tennessee, United States

Cogent Healthcare, Inc. is a provider of private hospitalist and intensivist services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-01 PSI

Olathe, Kansas, United States

PSI focuses on delivering frictionless and fair test-taker experiences through valid test content, authorized test centers, secure remote testing with online proctoring, multi-modal test delivery, testing windows, or continuous testing on demand. It partners with certification test sponsors covering the breadth of professional specialisms from healthcare, architecture, finance, and IT to numerous highly specialized sectors. PSI is based in Olathe, Kansas.

Buy -