M&A Deal Summary

Tandem Health Care Acquires Diakon Lutheran Social Ministries - Long Term Care Facilities

On April 25, 2005, Tandem Health Care acquired healthcare services company Diakon Lutheran Social Ministries - Long Term Care Facilities from Diakon Lutheran Social Ministries

Acquisition Highlights
  • This is Tandem Health Care’s 1st transaction in the Healthcare Services sector.
  • This is Tandem Health Care’s 1st transaction in the United States.

M&A Deal Summary

Date 2005-04-25
Target Diakon Lutheran Social Ministries - Long Term Care Facilities
Sector Healthcare Services
Buyer(s) Tandem Health Care
Sellers(s) Diakon Lutheran Social Ministries
Deal Type Divestiture

Target

Diakon Lutheran Social Ministries - Long Term Care Facilities

United States
Diakon Lutheran Social Ministries - Long Term Care Facilities is a provider of helathcare services.

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Buyer(S) 1

Buyer

Tandem Health Care

Maitland, Florida, United States

Category Company
Founded 1997
Sector Healthcare Services
Employees12,000
DESCRIPTION

Tandem Health Care, Inc. provides long-term healthcare services through a network of long-term healthcare facilities in the United States. It operates through three segments: Inpatient Services, Rehabilitation Therapy, and Other. The Inpatient Services segment provides facility-based long-term healthcare services, including long-term skilled nursing care, short-term transitional therapy and rehabilitation care, Alzheimer’s care, assisted living services, and independent living services.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

Diakon Lutheran Social Ministries

Allentown, Pennsylvania, United States

Category Company
Founded 2000
Sector Healthcare Services
DESCRIPTION

Diakon Lutheran Social Ministries, Inc. is a provider of healthcare services.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1