M&A Deal Summary

SummitStone Health Acquires Touchstone Health

On July 27, 2015, SummitStone Health acquired healthcare services company Touchstone Health from EW Healthcare Partners

Acquisition Highlights
  • This is SummitStone Health’s 1st transaction in the Healthcare Services sector.
  • This is SummitStone Health’s 1st transaction in the United States.
  • This is SummitStone Health’s 1st transaction in New York.

M&A Deal Summary

Date 2015-07-27
Target Touchstone Health
Sector Healthcare Services
Buyer(s) SummitStone Health
Sellers(s) EW Healthcare Partners
Deal Type Add-on Acquisition

Target

Touchstone Health

New York City, New York, United States
Touchstone Health is the largest for-profit, privately held Medicare HMO in the New York City market. The Company is well-positioned to benefit from the large and growing Medicare Advantage (“MA”) market.

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Buyer(S) 1

Buyer

SummitStone Health

Fort Collins, Colorado, United States

Category Company
Founded 1957
Sector Healthcare Services
DESCRIPTION

SummitStone Health is a community partner for mental health and addiction services. SummitStone Health Partners'? vision is to transform lives through recovery, renewal, and respect. SummitStone Health's mission is to provide unsurpassed behavioral health prevention, intervention, and treatment services. SummitStone Health was founded in 1957 and is based in Fort Collins, Colorado.


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 York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

EW Healthcare Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Essex Woodlands Health Ventures is a growth equity and venture capital specialist investment firm focused on opportunities across the healthcare sector. Specific areas of interest include biotechnology, pharmaceuticals, medical devices, and healthcare services/IT. Historically, Essex invested primarily in early and later-stage situations; however, today the firm also makes growth capital investments between $20 - $60 million in companies valued between $50 - $250 million, as well as private investments in public entities (PIPEs). Essex Woodlands was formed in 1985 and offices in Palo Alto, California; New York City; Houston, Texas; Shanghai and London.


DEAL STATS #
Overall 38 of 53
Sector: Healthcare Services M&A 5 of 7
Type: Add-on Acquisition M&A Deals 23 of 34
State: New York M&A 1 of 1
Country: United States M&A 34 of 46
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 United Orthopedic Group

Carlsbad, California, United States

United Orthopedic Group is focused on developing a post-operative knee brace, and has continued to build on its 25-year reputation of quality clinical products and design leadership. United Orthopedic Group's products are used both domestically and internationally by orthopedic surgeons, podiatrists, orthotists, and physical therapists to address musculoskeletal disorders of their patients by supporting and protecting injured or weakened joint.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-27 AxoGen

Alachua, Florida, United States

AxoGen is a medical technology company focused on developing and marketing innovative surgical products and solutions for peripheral nerve injuries. AxoGen was founded in 2002 and is based in Alachua, Florida.

Buy -