M&A Deal Summary

Team Health Acquires MESA Medical Group

On October 15, 2013, Team Health acquired staffing company MESA Medical Group from Fulcrum Equity Partners and Atlanta Equity Investors

Acquisition Highlights
  • This is Team Health’s 2nd transaction in the Staffing sector.
  • This is Team Health’s 11th transaction in the United States.
  • This is Team Health’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2013-10-15
Target MESA Medical Group
Sector Staffing
Buyer(s) Team Health
Sellers(s) Fulcrum Equity Partners
Atlanta Equity Investors
Deal Type Add-on Acquisition

Target

MESA Medical Group

Lexington, Kentucky, United States
MESA Medical Group is a provider of emergency medicine and hospital medicine staffing services for hospitals.

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Buyer(S) 1

Buyer

Team Health

Knoxville, Tennessee, United States
Category Company
Founded 1979
Sector Staffing
Employees18,800
Revenue 3.6B USD (2015)
DESCRIPTION
Team Health's corporate headquarters in Knoxville, Tennessee.
Team Health's corporate headquarters in Knoxville, Tennessee.

Team Health is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. Team Health was formed in 1979 and is based in Knoxville, Tennessee.

DEAL STATS #
Overall 11 of 39
Sector (Staffing) 2 of 9
Type (Add-on Acquisition) 9 of 37
State (Kentucky) 1 of 1
Country (United States) 11 of 39
Year (2013) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 San Francisco Physicians Internationale Medical Group

San Ramon, California, United States

San Francisco Physicians Internationale Medical Group, Inc. is a physician group that provides services to the emergency department of San Ramon Regional Medical Center in San Ramon, Calif.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-03 Wolverine Anesthesia Consultants MD PA

Orlando, Florida, United States

Wolverine Anesthesia Consultants MD, PA provides anesthesia and pain management services to patients.

Buy -

Seller(S) 2

SELLER

Fulcrum Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fulcrum Equity Partners is an investment firm focused on smaller growth companies in the Southeast US. Fulcrum looks to invest $5 to $35 million in businesses generating $3 to $50 million in annual sales. Funds are used to support growth initiatives, acquisitions, divestures, shareholder liquidity, management buyouts and recapitalizations. Sectors of interest include healthcare, IT, business services, and technology-enabled services. Fulcrum Equity Partners is based in Atlanta, Georgia.

DEAL STATS #
Overall 6 of 21
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 2 of 11
State (Kentucky) 1 of 1
Country (United States) 6 of 21
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-05 Gemino Healthcare Finance

Philadelphia, Pennsylvania, United States

Gemino Healthcare Finance LLC is a provider of asset based and term financing solutions for small to mid-size healthcare service providers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-18 Five Points Healthcare

Atlanta, Georgia, United States

Five Points Healthcare owns and operates home health and hospice locations in Louisiana and Virginia. Five Points Healthcare is a provider of home health and hospice services throughout the Southeast by focusing on patients, employees, physicians, providers and communities. Five Points Healthcare was founded in 2011 and is based in Atlanta, Georgia.

Buy -
SELLER

Atlanta Equity Investors

Atlanta, Georgia, United States
Category Private Equity Firm
Founded 2007
PE ASSETS 109M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Atlanta Equity is a private equity firm focused on investments in Southeast US-based growth companies. The Firm looks to acquire control stakes in businesses generating $20 to $200 million in annual sales and at least $5 million in EBITDA. Target sectors include business services, construction, healthcare, specialty manufacturing, technology and retail. Atlanta Equity prefers businesses operating in fragmented markets with sustainable competitive advantages. Atlanta Equity was formed in 2007 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 4
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 2 of 4
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-10 Richmond Cold Storage

Richmond, Virginia, United States

Richmond Cold Storage Co. LLC is a provider of third-party temperature-controlled warehousing, distribution and logistical services for a multitude of food producers, processors, and distributors. These services are provided through dedicated and public distribution facilities that are developed around the customer's specific needs and requirements necessary to meet their supply chain objectives. Richmond Cold Storage Co. was founded in 1907 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Consumer Financial Services

Shelton, Connecticut, United States

Consumer Financial Services is a provider of secured commercial lenders and original equipment manufacturers nationwide with a variety of highly tailored debtor identification, account negotiation, and collateral recovery services.

Sell -
Mergr

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