M&A Deal Summary

Vistria Group Acquires Beacon Specialized Living

On March 28, 2022, private equity firm Vistria Group acquired healthcare services company Beacon Specialized Living from Pharos Capital Group

Acquisition Highlights
  • This is Vistria Group’s 5th transaction in the Healthcare Services sector.
  • This is Vistria Group’s 21st transaction in the United States.
  • This is Vistria Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-03-28
Target Beacon Specialized Living
Sector Healthcare Services
Buyer(s) Vistria Group
Sellers(s) Pharos Capital Group
Deal Type Secondary Buyout

Target

Beacon Specialized Living

Kalamazoo, Michigan, United States
Beacon Specialized Living provides behavioral healthcare through specialized residential adult foster care (AFC) facilities and community living service apartments in 30 locations across western and northern Michigan. The company serves developmentally disabled, mentally ill, and autistic adults, as well as those challenged with substance abuse, addiction, dementia, and Alzheimer’s, in a behavioral healthcare setting. Beacon Specialized Living was founded in 1998 and is based in Kalamazoo, Michigan.

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Buyer(S) 1

Buyer

Vistria Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.

DEAL STATS #
Overall 21 of 29
Sector (Healthcare Services) 5 of 7
Type (Secondary Buyout) 8 of 13
State (Michigan) 1 of 1
Country (United States) 21 of 29
Year (2022) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-28 ESS

Knoxville, Tennessee, United States

ESS is a provider of staffing solutions. ESS specializes in placing qualified staff in daily, long-term, and permanent K-12 school district positions including substitute teachers, paraprofessionals, and other school support staff. ESS was founded in 2000 and is based in Knoxville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-30 tango

Phoenix, Arizona, United States

tango is a home-based clinical care management services, empowering patients to remain in their homes as they receive quality healthcare. tango provides the value-based care enablement platform for payors, risk-bearing entities and providers to more collaboratively serve medicare advantage, managed medicaid, and dual-eligible populations. tango was founded in 1987 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 21 of 23
Sector (Healthcare Services) 7 of 8
Type (Secondary Buyout) 6 of 6
State (Michigan) 2 of 2
Country (United States) 20 of 22
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Thema Health Services

Phoenix, Arizona, United States

Thema Health Services is a provider of hospice, skilled home health, and palliative care services. Thema Health Services was founded in 1996 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-16 Sanderling

Nashville, Tennessee, United States

Sanderling is a full-service provider of dialysis and renal telemedicine services focusing on patients in underserved communities. Sanderling is based in Nashville, Tennessee.

Buy -
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