Recapitalization • Healthcare Services

Webster Equity Partners and MedEquity Capital Acquire PharmaLogic

On September 16, 2015, private equity firms Webster Equity Partners and MedEquity Capital acquired healthcare services company PharmaLogic

Acquisition Context
  • This is Webster Equity Partners’ 6th and MedEquity Capital’s 7th transaction in the Healthcare Services sector.
  • This is Webster Equity Partners’ 19th and MedEquity Capital’s 11th transaction in the United States.
  • This is Webster Equity Partners’ 1st and MedEquity Capital’s 2nd transaction in Florida.

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M&A Deal Summary

Date September 16, 2015
Target PharmaLogic
Sector Healthcare Services
Buyer(s) Webster Equity Partners
MedEquity Capital
Deal Type Recapitalization

Target Company

PharmaLogic

Boca Raton, Florida, United States
PharmaLogic operates regional nuclear pharmacies throughout the U.S. which compound and dispense patient-specific intravenous drugs and solutions for use in diagnostic imaging and radiopharmaceutical therapy. PharmaLogic was formed in 1993 and is based in Boca Raton, Florida.
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Buyers Overview 2

Buyer

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.


Deal Context for Buyer #
Overall 20 of 49
Sector: Healthcare Services 6 of 22
Type: Recapitalization 3 of 4
State: Florida 1 of 3
Country: United States 19 of 47
Year: 2015 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 FullBeauty Brands

New York, New York, United States

FullBeauty Brands operates an online marketplace and portfolio of fashion and lifestyle brands that provide apparel, intimates, footwear, swimwear, and home products tailored primarily to plus-size women and big-and-tall men. FullBeauty Brands was formed in 1901 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 BayMark Health Services

Lewisville, Texas, United States

BayMark Health Services is a provider of individualized treatment options integrating pharmacotherapy, clinical counseling, recovery support, and medical services at 45 locations in 9 states, treating over 23,000 patients daily in their recovery from opiate addiction. Its addiction treatment programs deliver medically-supervised services for adults in a variety of modalities and settings. BayMark Health Services was founded in 2015 and is based in Lewisville, Texas.

Buy -
Buyer

MedEquity Capital

Wellesley Hills, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Middle-Market
Type Sector Focused
DESCRIPTION

MedEquity Capital LLC is a specialist private equity firm that invests in mid- to late-stage healthcare service and product companies. MedEquity's focus within healthcare services includes provider based services, out-sourced non-core services, infrastructure-focused businesses, product companies with low technology risk, and technology driven service companies. MedEquity will consider both control and non-control investments and looks invest between $5 and $30 million per transaction. Investment funds are typically used to support recapitalizations, acquisitions, and growth. MedEquity Capital LLC was formed in 2002 and is based in Wellesley Hills, Massachusetts.


Deal Context for Buyer #
Overall 11 of 15
Sector: Healthcare Services 7 of 10
Type: Recapitalization 5 of 5
State: Florida 2 of 3
Country: United States 11 of 15
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Tristan Medical Care

Raynham, Massachusetts, United States

Tristan Medical Care provides primary care, urgent care, and other medical services from seven locations in southeastern Massachusetts. Tristan Medical Care was founded in 2001 and is based in Raynham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 Belmar Pharma Solutions

Golden, Colorado, United States

Belmar Pharma Solutions is a specialty pharmacy platform that specializes in Bio-Identical Hormone Replacement Therapy ("BHRT") and other hormone-based wellness products. Belmar services 6,500 providers and 64,000 patients annually across 46 states out of both 503A and 503B facilities. Belmar Pharmacies was founded in 1985 and is based in Golden, Colorado.

Buy -