M&A Deal Summary

WindRose Health Investors Acquires Caregiver

On July 28, 2020, private equity firm WindRose Health Investors acquired consumer services company Caregiver from DW Healthcare Partners and Council Capital

Acquisition Highlights
  • This is WindRose Health Investors’ 1st transaction in the Consumer Services sector.
  • This is WindRose Health Investors’ 30th transaction in the United States.
  • This is WindRose Health Investors’ 2nd transaction in Texas.

M&A Deal Summary

Date 2020-07-28
Target Caregiver
Sector Consumer Services
Buyer(s) WindRose Health Investors
Sellers(s) DW Healthcare Partners
Council Capital
Deal Type Recapitalization

Target

Caregiver

Fort Worth, Texas, United States
website
Caregiver is a provider of community-based services to the I/DD community in Texas. It provides a full continuum of services including supported living, residential habilitation, licensed homes, host-home services, day habilitation, and in-home supports. Caregiver is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer
DESCRIPTION

MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 30 of 38
Sector (Consumer Services) 1 of 1
Type (Recapitalization) 12 of 17
State (Texas) 2 of 2
Country (United States) 30 of 38
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Medical Knowledge Group

New York, New York, United States

Medical Knowledge Group address the business needs of biopharmaceutical companies through the provision of network-mapping analytics, patient-finding analytics, and multi-channel marketing solutions. Medical Knowledge Group was formed in 2004 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 Accuity Delivery Systems

Mount Laurel, New Jersey, United States

Accuity Delivery Systems is a revenue cycle management business that provides clinical documentation improvement, coding and quality assurance and provider education services to its hospital clients. Accuity Delivery Systems is based in Mount Laurel, New Jersey.

Sell -

Seller(S) 2

SELLER

DW Healthcare Partners

Park City, Utah, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2002
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

DW Healthcare Partners is a healthcare-focused private equity firm that partners with owners of mid-to late-stage companies. DW looks to invest in private, North American companies, primarily in the medical device, product, services, and specialty distribution sectors of healthcare. DW will invest from $20 to $100 million of equity capital to help facilitate growth or to fund acquisitions. DW looks for high-growth businesses with at least $6 million in EBITDA and prefers to be the majority investor. DW Healthcare Partners was formed in 2002 and is based in Ontario, Canada.


DEAL STATS #
Overall 15 of 20
Sector (Consumer Services) 1 of 1
Type (Recapitalization) 1 of 1
State (Texas) 4 of 4
Country (United States) 15 of 20
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 Cefaly

Seraing, Belgium

Cefaly is a manufacturer and marketer of neuro-modulating medical devices for the prevention and treatment of migraines. The CEFALY device is externally applied by the patient to the forehead to deliver electrical impulses to the trigeminal nerve, a critical component of the nervous system involved in almost all migraines. Cefaly was founded in 2004 and is based in Seraing, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Z-Medica

Wallingford, Connecticut, United States

Z-Medica LLC is a medical device company that develops, manufactures, and markets innovative hemostatic agents including the QuikClot family of products that rapidly enhance the body's natural coagulation process. Z-Medica LLC was founded in 2002 and is based in Wallingford, Connecticut.

Sell -
SELLER
DESCRIPTION

Council Capital is a private equity firm focused on investing in lower-middle market healthcare services and healthcare IT businesses across the US. The Firm targets control and minority investments in companies with growth potential, EBITDA up to $7 million, and between $5 and $50 million in revenue. Council Capital was founded in 2000 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 13 of 13
Sector (Consumer Services) 1 of 1
Type (Recapitalization) 1 of 1
State (Texas) 1 of 1
Country (United States) 13 of 13
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Physician Housecalls

Chickasha, Oklahoma, United States

Physician Housecalls LLC provides home-based primary care services at private residences, assisted living centers, and independent senior apartments. The company employs teams of physicians, nurse practitioners, and physician assistants who provide comprehensive, compassionate, and tailored medical care to homebound patients who are most often geriatric and/or chronically ill. In addition to primary care provided both in-person and virtual visits via telehealth, Physician Housecalls offers annual wellness visits, chronic care management, care plan oversight, transitional care management, cognitive assessments, and behavioral health integration. Physician Housecalls was formed in 2012 and is based in Chickasha, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 ViaQuest

Dublin, Ohio, United States

ViaQuest offers quality, highly-personalized, specialized, and cost-effective care, solutions, and services in IDD, hospice care, and behavioral and mental health. ViaQuest was founded in 1999 and headquartered in Dublin, Ohio.

Buy -