Add-on Acquisition • Healthcare Services

UCI Medical Affiliates Acquires MainStreet Healthcare

On January 1, 1999, UCI Medical Affiliates acquired healthcare services company MainStreet Healthcare from Pennington Partners & Co.

Acquisition Context
  • This is UCI Medical Affiliates’ 1st transaction in the Healthcare Services sector.
  • This is UCI Medical Affiliates’ 1st transaction in the United States.
  • This is UCI Medical Affiliates’ 1st transaction in Georgia.

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M&A Deal Summary

Date January 1, 1999
Target MainStreet Healthcare
Sector Healthcare Services
Buyer(s) UCI Medical Affiliates
Sellers(s) Pennington Partners & Co.
Deal Type Add-on Acquisition

Target Company

MainStreet Healthcare

Austell, Georgia, United States
MainStreet Healthcare Corporation was a manager of physician practices.
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Buyer Overview 1

Buyer

UCI Medical Affiliates

Columbia, South Carolina, United States

Category Company
Sector Healthcare Services
DESCRIPTION

UCI Medical Affiliates, Inc. (UCI Medical) provides nonmedical support services to a network of freestanding medical centers in South Carolina and Tennessee.


Deal Context for Buyer #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Georgia 1 of 1
Country: United States 1 of 1
Year: 1999 1 of 1

Seller Profile 1

SELLER

Pennington Partners & Co.

Chicago, Illinois, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 90M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Pennington Partners & Co. is a private equity investment firm that focuses on middle-market companies located throughout US. The Firm targets companies with profitability of history, sustainable cash flow, attractive growth characteristics and defensible market position. It looks to invests $5 - $10 million and in conjunction with co-investors can invest more. Specific areas of interest include business services, consumer services, financial services, food processing, restaurants, consumer products and manufacturing. It does not seek to invest in real estate and oil and gas. Types of transaction include MBOs, recapitalizations, equity buy-ins and growth capital financing. Pennington Partners & Co. was formed in 1991 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 1 of 3
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Georgia 1 of 2
Country: United States 1 of 3
Year: 1999 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-02 Popeyes Louisiana Kitchen

Atlanta, Georgia, United States

Popeyes Louisiana Kitchen, Inc. is a developer, operator and franchiser of quick-service restaurants ("QSRs" or "restaurants") under the trade name, Popeyes Louisiana Kitchen and Popeyes Chicken & Biscuits.

Sell -