M&A Deal Summary

Thomas H. Lee Partners Acquires Centria Healthcare

On December 9, 2019, private equity firm Thomas H. Lee Partners acquired healthcare services company Centria Healthcare from Martis Capital Managment

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 4th transaction in the Healthcare Services sector.
  • This is Thomas H. Lee Partners’ 59th transaction in the United States.
  • This is Thomas H. Lee Partners’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2019-12-09
Target Centria Healthcare
Sector Healthcare Services
Buyer(s) Thomas H. Lee Partners
Sellers(s) Martis Capital Managment
Deal Type Recapitalization

Target

Centria Healthcare

Farmington Hills, Michigan, United States
Centria Healthcare is a provider of Applied Behavior Analysis (“ABA”) therapy for children. Centria Healthcare is also a provider of specialized home-based healthcare services including catastrophic injury and rehabilitation care, private duty nursing, and supportive living services. Centria Healthcare was founded in 2009 and is based in Farmington Hills, Michigan.

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Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 70 of 90
Sector (Healthcare Services) 4 of 7
Type (Recapitalization) 9 of 11
State (Michigan) 2 of 2
Country (United States) 59 of 77
Year (2019) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-15 Prime Risk Partners

Alpharetta, Georgia, United States

Prime Risk Partners is a provider of insurance distribution platform through selective acquisitions, strategic new hires, and thoughtful operations. Prime Risk Partners was founded in 2014 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Amerilife

Clearwater, Florida, United States

Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida.

Buy -

Seller(S) 1

SELLER

Martis Capital Managment

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Martis Capital Management is a private equity firm focused exclusively on the North American middle-market healthcare industry. The Firm seeks founder-led companies in the services and outsourcing, information technology, consumer and wellness, and products and diagnostic sub-sectors. Martis considers buyout and growth equity opportunities with typical transactions between $25 and $100 million. Martis Capital Management is headquartered in San Francisco, California.

DEAL STATS #
Overall 5 of 10
Sector (Healthcare Services) 1 of 3
Type (Recapitalization) 3 of 3
State (Michigan) 1 of 1
Country (United States) 5 of 10
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Credible Behavioral Health

Rockville, Maryland, United States

Credible Behavioral Health is a provider of single, integrated platform and a differentiated feature set, including fully integrated clinical, scheduling, primary care, ePrescribing, inpatient, mobile, and billing modules. Credible Behavioral Health was founded in 2000 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 Credible Behavioral Health

Rockville, Maryland, United States

Credible Behavioral Health is a provider of single, integrated platform and a differentiated feature set, including fully integrated clinical, scheduling, primary care, ePrescribing, inpatient, mobile, and billing modules. Credible Behavioral Health was founded in 2000 and is based in Rockville, Maryland.

Sell -
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