M&A Deal Summary

Vibra Healthcare Acquires Progressive Healthcare - Fort Wayne

On October 26, 2010, Vibra Healthcare acquired healthcare services company Progressive Healthcare - Fort Wayne from Progressive Healthcare

Acquisition Highlights
  • This is Vibra Healthcare’s 10th transaction in the Healthcare Services sector.
  • This is Vibra Healthcare’s 10th transaction in the United States.
  • This is Vibra Healthcare’s 2nd transaction in Indiana.

M&A Deal Summary
Date 2010-10-26
Target Progressive Healthcare - Fort Wayne
Sector Healthcare Services
Buyer(s) Vibra Healthcare
Sellers(s) Progressive Healthcare
Deal Type Divestiture

Target

Progressive Healthcare - Fort Wayne

Fort Wayne, Indiana, United States
Progressive Healthcare - Fort Wayne provide specialized acute and medical rehabilitative care to medically complex patients.

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Buyer(S) 1

Buyer

Vibra Healthcare

Mechanicsburg,, Pennsylvania, United States
Category Company
Founded 2004
Sector Healthcare Services
DESCRIPTION

Vibra Healthcare, With a management team that has more than a century of combined experience in the development and operation of freestanding Acute Medical Rehabilitation Hospitals (IRF) and Long Term Acute Care (LTAC) hospitals in markets from coast to coast, Vibra Healthcare is uniquely qualified in the field of acute rehabilitation and LTAC hospitalization.

DEAL STATS #
Overall 10 of 17
Sector (Healthcare Services) 10 of 17
Type (Divestiture) 3 of 8
State (Indiana) 2 of 2
Country (United States) 10 of 17
Year (2010) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-26 Progressive Healthcare

Charleston,, South Carolina, United States

Progressive Healthcare, LLC owns and operates long term acute care (LTAC) hospitals and healthcare facilities. Long Term Acute Care Hospitals (LTACHs) provide specialized acute and medical rehabilitative care to medically complex patients. LTACH patients are critically ill and/or have multi-­-system failures that require extended acute care treatment after discharge from a traditional acute care hospital, typically from the intensive care unit.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Progressive Mahoning Valley

Boardman, Ohio, United States

Progressive Mahoning Valley, providing quality care to the medically complex adult patient.

Buy -

Seller(S) 1

SELLER

Progressive Healthcare

Charleston,, South Carolina, United States
Category Company
Founded 2006
Sector Healthcare Services
DESCRIPTION

Progressive Healthcare, LLC owns and operates long term acute care (LTAC) hospitals and healthcare facilities. Long Term Acute Care Hospitals (LTACHs) provide specialized acute and medical rehabilitative care to medically complex patients. LTACH patients are critically ill and/or have multi-­-system failures that require extended acute care treatment after discharge from a traditional acute care hospital, typically from the intensive care unit.

DEAL STATS #
Overall 3 of 5
Sector (Healthcare Services) 3 of 5
Type (Divestiture) 3 of 5
State (Indiana) 2 of 2
Country (United States) 3 of 5
Year (2010) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-25 Progressive Northwestern Indiana

Crown Point,, Indiana, United States

Progressive Northwestern Indiana provide specialized acute and medical rehabilitative care to medically complex patients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-01 Progressive Mahoning Valley

Boardman, Ohio, United States

Progressive Mahoning Valley, providing quality care to the medically complex adult patient.

Sell -
Mergr

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