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  6. Summit Health-CityMD Acquires Urology

M&A Deal Summary

Summit Health-CityMD Acquires Urology

On January 10, 2022, Summit Health-CityMD acquired healthcare services company Urology from Prospect Hill Growth Partners

Acquisition Highlights
  • This is Summit Health-CityMD’s 1st transaction in the Healthcare Services sector.
  • This is Summit Health-CityMD’s 1st transaction in the United States.
  • This is Summit Health-CityMD’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2022-01-10
Target Urology
Sector Healthcare Services
Buyer(s) Summit Health-CityMD
Sellers(s) Prospect Hill Growth Partners
Deal Type Add-on Acquisition

Target

Urology

New Jersey, United States
Urology is a provider of administrative services to New Jersey Urology. UMA enables NJU to continue to focus on providing world-class urology services while remaining a physician-led organization. UMA plans to partner with additional urology groups to provide administrative practice management services initially in the greater New York metropolitan area with long-term plans to expand nationally. Urology was founded in 2018 and is based in New Jersey.

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Buyer(S) 1

Buyer

Summit Health-CityMD

Novi, Michigan, United States
Category Company
Founded 2004
Sector Healthcare Services
DESCRIPTION

Summit Health-CityMD is a provider of primary and specialty care needs. Summit Health-CityMD was founded in 2004 and is based in Novi, Michigan.

DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Prospect Hill Growth Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Prospect Hill Growth Partners is a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies across the US. Prospect Hill looks for profitable businesses ($5 to $25 million of EBITDA) with annual revenues from $50 to $300 million with strong brands and leading market positions. Target sectors include consumer products, healthcare, specialty retail, and asset management. Prospect Hill Growth Partners was formerly known as J.W. Childs and changed its name in 2019. The Firm was originally formed in 1995 and is headquartered in Waltham, Massachusetts.

DEAL STATS #
Overall 21 of 23
Sector: Healthcare Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: New Jersey M&A 4 of 4
Country: United States M&A 21 of 23
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Lifestyle Solutions

Newark, California, United States

Lifestyle Solutions is an innovative designer and seller of upholstered home furnishing products that are sold through a number of e-commerce marketplaces. The Company’s product suite includes a variety of thoughtfully designed, flexible pieces that complement the evolution of modern urban lifestyles. Lifestyle Solutions is based in Newark, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Legacy Franchise Concepts

Atlanta, Georgia, United States

Legacy Franchise Concepts is a multi-brand platform focused on high-growth, multi-site consumer services concepts. LFC is the global franchisor for sweathouz infrared sauna studios, an innovative concept in the wellness and recovery space. sweathouz currently operates in four markets, with numerous locations in development. LFC is also the franchisee area developer in the dogtopia system, a provider of dog daycare centers. Legacy Franchise Concepts is based in Atlanta, Georgia.

Buy -
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