M&A Deal Summary |
|
|---|---|
| Date | 2013-07-16 |
| Target | Pioneer Surgical Technology |
| Sector | Medical Products |
| Buyer(s) | Surgalign |
| Sellers(s) |
Pharos Capital Group
Highlander Partners Beringea |
| Deal Type | Add-on Acquisition |
| Deal Value | 130M USD |
| Advisor(s) | UBS Investment Bank (Financial) Varnum (Legal) |
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| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Medical Products |
| Employees | 200 |
| Revenue | 102M USD (2020) |
Surgalign is a medical technology company focused on advancing spine surgery including through the application of digital technologies to improve patient outcomes. The company is building off a legacy of high quality and differentiated products and continues to invest in clinically validated innovation to deliver better surgical outcomes and improve patient’s lives. Surgalign markets products throughout the United States and in more than 50 countries worldwide through an expanding network of top independent distributors. Surgalign was formed in 1997 and is based in Deerfield, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 5 |
| Sector (Medical Products) | 2 of 5 |
| Type (Add-on Acquisition) | 1 of 4 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 2 of 5 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-02-27 |
Tutogen Medical
Alachua, Florida, United States Tutogen Medical, Inc. manufactures sterile biological implant products made from human (allograft) and animal (xenograft) tissue. Tutogen utilizes its proprietary Tutoplast® Process of tissue preservation and viral inactivation to manufacture and deliver sterile bio-implants used in spinal/trauma, urology, dental, ophthalmology, and general surgery procedures. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-03 |
RTI Surgical - Cardiothoracic Closure Business
Alachua, Florida, United States RTI Surgical, Inc. - Cardiothoracic Closure Business engages in manufacturing of products and the engineering, development and manufacturing of potential future products. The cardiothoracic closure business was one of several components of Pioneer® Surgical Technology. |
Sell | $60M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Focused |
Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 23 |
| Sector (Medical Products) | 1 of 2 |
| Type (Add-on Acquisition) | 8 of 11 |
| State (Michigan) | 1 of 2 |
| Country (United States) | 15 of 22 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 6 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-04 |
Windsor Health Group
Brentwood, Tennessee, United States WellCare Health Plans, Inc. provides managed care services targeted to government-sponsored health care programmes, focusing on Medicaid and Medicare. Headquartered in Tampa, Florida, USA, WellCare offers a variety of health plans for families, children, and the aged, blind, and disabled, as well as prescription drug plans. |
Sell | $131M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-09 |
Seaside Healthcare
Shreveport, Louisiana, United States Seaside Healthcare owns, develops, and operates a network of facilities and services specializing in mental health treatment services for the adolescent, adult, and geriatric population. Seaside's facilities offer a comprehensive psychiatric continuum of care, including acute inpatient treatment, intensive outpatient services, partial hospitalization programs, home, and community-based services, and therapeutic group homes. Seaside Healthcare was established in 2009 and is based in Shreveport, Louisiana. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 30 |
| Sector (Medical Products) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 19 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 5 of 21 |
| Year (2013) | 3 of 3 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-01 |
Eagle Hospital Physicians
Dallas, Texas, United States Eagle Hospital Physicians LLC is an independent, physician-led company that focuses on developing and managing hospitalist practices for its hospital partners. Eagle Hospital Physicians is a leading practice management company providing hospitalist contract services, tele medicine and hospitalist temporary staffing. We organize and manage an outpatient clinic to support our physicians’ and hospital’s commitment to our community. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-16 |
Juice Tyme
Chicago, Illinois, United States Juice Tyme is a manufacturer and seller of juice and beverage concentrates for the foodservice industry in the United States. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 715M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 42 |
| Sector (Medical Products) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 27 |
| State (Michigan) | 2 of 8 |
| Country (United States) | 2 of 17 |
| Year (2013) | 2 of 4 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-06-26 |
Fiber By-Products
White Pigeon, Michigan, United States Fiber By-Products is a processor, recycler, and manufacturer of wood pellets for home heating. Fiber By-Products collects wood by-products from sawmills & wood shops and further process the fiber into wood pellets, wood flour, wood shavings, and landscaping mulch. Fiber By-Products was founded in White Pigeon, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-05 |
Freeosk
Chicago, Illinois, United States Freeosk is a proprietary marketing services platform that offers consumers a fast and fun way to receive free samples of new products wherever they shop, play, and explore. Via a network of interactive kiosks that automatically distribute free samples, Freeosk aims to improve current product sampling solutions by increasing consumer conversion rates while providing deeper insights to retail and manufacturer partners about how shoppers discover and adopt new products. Freeoskis based in Chicago, Illinois. |
Buy | - |
