M&A Deal Summary

Welsh Carson Anderson & Stowe and Ferrer Freeman Acquire Concentra

On February 1, 1998, private equity firms Welsh Carson Anderson & Stowe and Ferrer Freeman acquired healthcare services company Concentra

Acquisition Highlights
  • This is Welsh Carson Anderson & Stowe’s 4th and Ferrer Freeman’s 1st transaction in the Healthcare Services sector.
  • This is Welsh Carson Anderson & Stowe’s 11th and Ferrer Freeman’s 1st transaction in the United States.
  • This is Welsh Carson Anderson & Stowe’s 1st and Ferrer Freeman’s 1st transaction in Texas.
Investment Fate
  • Concentra was sold to a publicly-traded strategic buyer in 2010 for 790M USD.
  • Concentra was divested to a consortium of buyers in 2015 for 1.1B USD.

M&A Deal Summary

Date 1998-02-01
Target Concentra
Sector Healthcare Services
Buyer(s) Welsh Carson Anderson & Stowe
Ferrer Freeman
Deal Type Buyout (LBO, MBO, MBI)

Target

Concentra

Addison, Texas, United States
website
Concentra is a healthcare company that offers occupational medicine, urgent care, physical therapy, and wellness services to workers and the public through more than 320 Concentra Medical Centers locations in 40 states. Concentra was formed in 1997 and is based in Addison, Texas.

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Buyer(S) 2

Buyer

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 11 of 97
Sector (Healthcare Services) 4 of 32
Type (Buyout (LBO, MBO, MBI)) 8 of 39
State (Texas) 1 of 10
Country (United States) 11 of 92
Year (1998) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-05 DecisionOne

Wayne, Pennsylvania, United States

DecisionOne offers comprehensive IT solutions to a diverse group of Fortune 1000 customers across the United States and Canada. DecisionOne serves as a vendor-agnostic partner who helps companies reduce operating costs, extend technology life, and optimize their technology infrastructure. DecisionOne was founded in 1958 and is headquartered in Wayne, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-06-19 Amdocs

Saint Louis, Missouri, United States

Amdocs provides software and services for communications, media, and entertainment industry service providers worldwide. It develops, implements, and manages software and services associated with business and operational support systems to enable service providers to introduce new products and process orders, as well as to support new business models. Amdocs was incorporated in 1988 and is based in Chesterfield, Missouri.

Sell -
Buyer

Ferrer Freeman

Greenwich, Connecticut, United States

website


Category Private Equity Firm
Founded 1995
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Ferrer Freeman & Co. (FFC) is a private equity firm that invests exclusively in healthcare companies generating sales minimum $20 to $200 million. FFC also invests in clinical products and outsourcing/infrastructure businesses serving the healthcare sector. FFC looks to commit $10 to $40 million per transaction and focuses primarily on growth capital financings and build-ups. However, the Firm will also selectively fund buyouts as well. Ferrer Freeman & Co. LLC was formed in 1995 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 1 of 21
Sector (Healthcare Services) 1 of 7
Type (Buyout (LBO, MBO, MBI)) 1 of 12
State (Texas) 1 of 5
Country (United States) 1 of 21
Year (1998) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-01 National Surgical Healthcare

Chicago, Illinois, United States

National Surgical Hospitals, Inc. partners with orthopedic surgeons and neurosurgeons to build specialty hospitals through development of de novo specialty hospitals, and by acquiring and converting ambulatory surgery centers into specialty hospitals.

Buy -