M&A Deal Summary

Sunrise Senior Living Acquires Trinity Hospice

On August 17, 2006, Sunrise Senior Living acquired healthcare services company Trinity Hospice from American Capital and KRG Capital Partners for 75M USD

Acquisition Highlights
  • This is Sunrise Senior Living’s 2nd transaction in the Healthcare Services sector.
  • This is Sunrise Senior Living’s largest (disclosed) transaction.
  • This is Sunrise Senior Living’s 2nd transaction in the United States.
  • This is Sunrise Senior Living’s 1st transaction in Texas.

M&A Deal Summary
Date 2006-08-17
Target Trinity Hospice
Sector Healthcare Services
Buyer(s) Sunrise Senior Living
Sellers(s) American Capital
KRG Capital Partners
Deal Type Add-on Acquisition
Deal Value 75M USD

Target

Trinity Hospice

Dallas, Texas, United States
Trinity Hospice, Inc. (“Trinity”) is one of the largest hospice care providers in the United States. In contrast to traditional medical care, which is "curative" in nature, hospice care focuses on "palliative" treatment, which attempts to manage terminally ill patients physical pain in addition to addressing the emotional and spiritual needs of both the patient and their family. Trinity does not own or operate healthcare facilities, but rather focuses its resources on providing services to patients in their primary residence, which is generally the patient's home, but may also be an assisted living or skilled nursing facility.

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Buyer(S) 1

Buyer

Sunrise Senior Living

McLean, Virginia, United States
Category Company
Founded 1981
Sector Consumer Services
Employees31,600
DESCRIPTION

Sunrise Senior Living, Inc. offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services.

DEAL STATS #
Overall 2 of 3
Sector (Healthcare Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-31 Sunrise Senior Living Services

McLean, Virginia, United States

Sunrise Senior Living Services, Inc. is a provider of independent and assisted living, Alzheimer’s, and nursing care in communities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-01 Santa Monica AL

Santa Monica, California, United States

Santa Monica AL, LLC owns and operates a senior living facility.

Buy $19M

Seller(S) 2

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 46 of 194
Sector (Healthcare Services) 2 of 4
Type (Add-on Acquisition) 23 of 87
State (Texas) 4 of 15
Country (United States) 45 of 186
Year (2006) 15 of 26
Size (of disclosed) 48 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-16 BondDesk Group

Mill Valley, California, United States

BondDesk Group LLC is a provider in US alternative trading system for the retail fixed-income market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-18 Scientific Protein Laboratories

Waunakee, Wisconsin, United States

Scientific Protein Laboratories LLC is a global independent manufacturer and supplier of biologic active pharmaceutical ingredients (APIs). The company has an established bio pharmaceutical companies around the world.

Buy -
SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.

DEAL STATS #
Overall 15 of 41
Sector (Healthcare Services) 2 of 5
Type (Add-on Acquisition) 9 of 21
State (Texas) 2 of 5
Country (United States) 15 of 40
Year (2006) 4 of 5
Size (of disclosed) 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Crary Industries

West Fargo, North Dakota, United States

Crary Industries, Inc. (Formerly TerraMarc Industries) is a manufacturer of specialty agricultural equipment that includes potato planters, harvesters and handling equipment as well as other specialty agricultural equipment including air reels, cutters for combines, chaff spreaders and big top extensions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 ATI Physical Therapy

Bolingbrook, Illinois, United States

ATI Physical Therapy is a rehabilitation provider, specializing in research-based physical therapy, workers’ compensation rehab, employer worksite solutions, and sports medicine. ATI Physical Therapy was founded in 1996 and is based in Bolingbrook, Illinois.

Buy -
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