M&A Deal Summary

The Carlyle Group Acquires HCR ManorCare

On December 20, 2007, private equity firm The Carlyle Group acquired healthcare services company HCR ManorCare for 6.3B USD

Acquisition Highlights
  • This is The Carlyle Group’s 8th transaction in the Healthcare Services sector.
  • This is The Carlyle Group’s 11th largest (disclosed) transaction.
  • This is The Carlyle Group’s 180th transaction in the United States.
  • This is The Carlyle Group’s 4th transaction in Ohio.
Investment Fate
  • HCR ManorCare went bankrupt in 2018.

M&A Deal Summary

Date 2007-12-20
Target HCR ManorCare
Sector Healthcare Services
Buyer(s) The Carlyle Group
Deal Type Going Private
Deal Value 6.3B USD
Advisor(s) J.P. Morgan Securities (Financial)
Cravath, Swaine & Moore (Legal)

Target

HCR ManorCare

Toledo, Ohio, United States
HCR ManorCare Inc. is an owner and operator of skilled nursing facilities and assisted living facilities in the U.S.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 311 of 749
Sector: Healthcare Services M&A 8 of 28
Type: Going Private M&A Deals 11 of 36
State: Ohio M&A 4 of 4
Country: United States M&A 180 of 350
Year: 2007 M&A 51 of 52
Size (of disclosed) 11 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-20 Numericable-SFR

Paris, France

Numericable-SFR is the cable operator providing digital television, broadband and telephony services to the residential market ('B2C'). The company also serves the enterprise market ('B2B') in France, Belgium, and Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 Babela Restaurant Management Co.

Shanghai, China

Babela Restaurant Management Co. Ltd. is a multi-branded restaurant platform with a significant footprint in Shanghai and Beijing. Babela, the company's flagship brand, is a Italian-themed casual dining chain with over 120 stores nationwide. The company also operates Bamboo Bifengtang, a Cantonese dim sum dining concept, and Aha, which are Taiwanese style dessert outlets.

Buy -