M&A Deal Summary

Waud Capital Partners Acquires PromptCare

On August 25, 2021, private equity firm Waud Capital Partners acquired healthcare services company PromptCare from Halifax Group

Acquisition Highlights
  • This is Waud Capital Partners’ 12th transaction in the Healthcare Services sector.
  • This is Waud Capital Partners’ 41st transaction in the United States.
  • This is Waud Capital Partners’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-08-25
Target PromptCare
Sector Healthcare Services
Buyer(s) Waud Capital Partners
Sellers(s) Halifax Group
Deal Type Secondary Buyout

Target

PromptCare

New Providence, New Jersey, United States
PromptCare is a regional provider of specialty respiratory and infusion services. The Company combines high-tech equipment and infusion drug therapies with a tailored, -high-touch service approach to deliver superior patient care, and is a preferred partner of hospitals, physicians, and payors in managing complex medical conditions such as ALS, chronic lung conditions, and a number of nutritional and autoimmune deficiencies. PromptCare was founded in 1985 and headquartered in New Providence, New Jersey.

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Buyer(S) 1

Buyer

Waud Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 3.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Waud Capital Partners is a private equity firm that pursues investments in mid-sized manufacturing, distribution and service companies. Waud looks for businesses with proven management, operating in well defined markets, and that demonstrate strong growth potential. The Firm typically invests $75 to $200 million. Specific areas of interest include adhesives, air/water treatment, alarm monitoring, auto components, coatings, consumer products, home healthcare services, hospitals, lighting, litigation support, medical distribution, petroleum distribution, pharmaceuticals, publishing, sealants, specialty hospitals, and tax consultants. Prospective transaction situations include buyouts, recapitalizations and industry consolidations. Waud Capital Partners was established in 1993 and is based in Chicago, Illinois.

DEAL STATS #
Overall 42 of 48
Sector (Healthcare Services) 12 of 12
Type (Secondary Buyout) 4 of 4
State (New Jersey) 1 of 1
Country (United States) 41 of 47
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 iOFFICE

Houston, Texas, United States

iOFFICE is a provider of enterprise workplace SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity. iOFFICE is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 PracticeTek

San Diego, California, United States

PracticeTek provides practice management, patient engagement, integrated payments and other software solutions to the retail healthcare market. The PracticeTek platform helps retail healthcare practices digitally manage their business and the entire patient journey process including client acquisition, engagement, visits, and billing and payments. PracticeTek was founded in 2020 and is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.

DEAL STATS #
Overall 21 of 24
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 11 of 14
State (New Jersey) 1 of 1
Country (United States) 17 of 20
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Southern Exteriors

Manchester, Tennessee, United States

Southern Exteriors is a installer of siding, roofing, gutters, and other exterior home products. The Company focuses on the residential and commercial markets and primarily serves national and local homebuilders. Southern Exteriors is based in Manchester, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 CDL Nuclear Technologies

Wexford, Pennsylvania, United States

CDL Nuclear Technologies provider of cardiac PET (positron emission tomography) turnkey services and PET radioactive isotopes (radioisotopes) delivery solutions to independent cardiology practices and hospitals in the U.S. CDL Nuclear Technologies was founded in 1992 and is based in Wexford, Pennsylvania.

Buy -
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