Add-on Acquisition • Healthcare Services

UME Diagnostics Acquires Med-Tel International

On September 1, 2008, UME Diagnostics acquired healthcare services company Med-Tel International from Parthenon Capital

Acquisition Context
  • This is UME Diagnostics’ 1st transaction in the Healthcare Services sector.
  • This is UME Diagnostics’ 1st transaction in the United States.
  • This is UME Diagnostics’ 1st transaction in New York.

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M&A Deal Summary

Date September 1, 2008
Target Med-Tel International
Sector Healthcare Services
Buyer(s) UME Diagnostics
Sellers(s) Parthenon Capital
Deal Type Add-on Acquisition

Target Company

Med-Tel International

New York, New York, United States
Med-Tel International Corp. is a owner and operator of free-standing open MRI and diagnostic imaging centers using proprietary telemedicine technology.
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Buyer Overview 1

Buyer

UME Diagnostics

London, United Kingdom

Category Company
Founded 2007
Sector Healthcare Services
DESCRIPTION

UME Diagnostics Ltd. is a provider of diagnostic services.


Deal Context for Buyer #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2008 1 of 1

Seller Profile 1

SELLER

Parthenon Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 5.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.


Deal Context for Seller #
Overall 8 of 35
Sector: Healthcare Services 3 of 3
Type: Add-on Acquisition 5 of 16
State: New York 1 of 1
Country: United States 8 of 35
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-05 Bryant & Stratton College

Buffalo, New York, United States

Bryant & Stratton College, Inc. is a career college delivering outcomes-based education and training through a flexible, contemporary curriculum in a personalized environment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-30 Seaside National Bank & Trust

Orlando, Florida, United States

Seaside National Bank & Trust is a chartered commercial bank offering clients a complete array of wealth management, commercial and private banking financial solutions. Seaside was formed in 2006 and is based in Orlando, Florida.

Buy -