M&A Deal Summary

Sun Healthcare Group Acquires Harborside Healthcare

On October 19, 2006, Sun Healthcare Group acquired healthcare services company Harborside Healthcare from Investcorp for 350M USD

Acquisition Highlights
  • This is Sun Healthcare Group’s 1st transaction in the Healthcare Services sector.
  • This is Sun Healthcare Group’s largest (disclosed) transaction.
  • This is Sun Healthcare Group’s 1st transaction in the United States.
  • This is Sun Healthcare Group’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2006-10-19
Target Harborside Healthcare
Sector Healthcare Services
Buyer(s) Sun Healthcare Group
Sellers(s) Investcorp
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

Harborside Healthcare

Boston, Massachusetts, United States
Harborside Healthcare Corporation a leading provider of high quality long-term care and specialty medical services.

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Buyer(S) 1

Buyer

Sun Healthcare Group

Irvine, California, United States
Category Company
Founded 1998
Sector Healthcare Services
DESCRIPTION

Sun Healthcare Group, Inc. is an operator of inpatient healthcare facilities such as skilled nursing facilities, independent and assisted living residences and a small hospice operation.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.

DEAL STATS #
Overall 33 of 106
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 18 of 46
State (Massachusetts) 2 of 5
Country (United States) 24 of 62
Year (2006) 6 of 9
Size (of disclosed) 28 of 43
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 Mobile 365

Chantilly, Virginia, United States

Mobile 365 is a global provider of mobile messaging and content delivery.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-27 Hilding Anders

Malmo, Sweden

Hilding Anders is a bed and mattress manufacturer which sells both branded and private-label products in over 40 markets and has delivered strong growth over the past decade. Hilding Anders was founded in 1939 and is based in Malmo, Sweden.

Sell €996M
Mergr

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