M&A Deal Summary

Walgreens Boots Alliance Acquires Take Care Health Systems

On May 23, 2007, Walgreens Boots Alliance acquired healthcare services company Take Care Health Systems from BPOC

Acquisition Highlights
  • This is Walgreens Boots Alliance’s 1st transaction in the Healthcare Services sector.
  • This is Walgreens Boots Alliance’s 5th transaction in the United States.
  • This is Walgreens Boots Alliance’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2007-05-23
Target Take Care Health Systems
Sector Healthcare Services
Buyer(s) Walgreens Boots Alliance
Sellers(s) BPOC
Deal Type Add-on Acquisition

Target

Take Care Health Systems

Chadds Ford, Pennsylvania, United States
Take Care operates nurse practitioner-staffed primary care clinics located in high-traffic retail pharmacy stores. The Company's clinics provide cost-effective, convenient access to quality healthcare for families and special populations, including the under-insured, and Medicare and Medicaid recipients

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Buyer(S) 1

Buyer

Walgreens Boots Alliance

Deerfield, Illinois, United States

Category Company
Founded 1909
Sector Retail
Employees206,000
Revenue 139.1B USD (2023)
DESCRIPTION
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.
Entrance to Walgreen's corporate headquarters in Deerfield, Illinois.

Walgreens Boots Alliance is a multichannel retailer of consumer goods and services focused on health and wellness services and advice. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with online and mobile services. Walgreens Boots Alliance was founded in 1909 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 5 of 24
Sector (Healthcare Services) 1 of 11
Type (Add-on Acquisition) 4 of 16
State (Pennsylvania) 2 of 4
Country (United States) 5 of 22
Year (2007) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 Medmark

Pittsburgh, Pennsylvania, United States

Medmark Inc. is a specialty pharmacy that provides a broad range of specialty drugs, supplies and services to meet the unique requirements of administering specialty injectable and infusible pharmaceuticals and vaccines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-12 Option Care

Buffalo Grove, Illinois, United States

Option Care Enterprises, Inc. is a provider of home and alternate treatment site infusion services. Holding accreditations from industry quality organizations ACHC, PCAB, ASHP and URAC,* the company draws on nearly 40 years of clinical care experience to offer patient-centered therapy management. Option Care’s signature Home Infusion Plus services include the clinical management of infusion medicines, nursing support and care coordination. Option Care’s multidisciplinary team of more than 1,800 clinicians – including pharmacists, nurses and dietitians – are able to provide home infusion service coverage for nearly all patients across the United States needing treatment for complex and chronic conditions.

Buy $850M

Seller(S) 1

SELLER

BPOC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 11 of 37
Sector (Healthcare Services) 5 of 11
Type (Add-on Acquisition) 3 of 18
State (Pennsylvania) 1 of 1
Country (United States) 11 of 36
Year (2007) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-20 The Hygenic

Akron, Ohio, United States

Hygenic is a manufacturer of natural rubber, latex and synthetic rubber products primarily serving the medical and therapy/fitness industries as well as some other industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Jazz Pharmaceuticals

Dublin, Ireland

Jazz Pharmaceuticals is a specialty biopharmaceutical company that identifies, develops, and commercializes products to address unmet medical needs in focused therapeutic areas. Jazz Pharmaceuticals was founded in 2003 and is based in Dublin, Ireland.

Sell -