Healthcare sector comment – July 2012

Dato

Advanced Childcare looking to dominate the children’s care market.

July saw the completion of 12 transactions. One deal that stood out this month was Advanced Childcare acquisition of Saccs, a provider of specialist residential care and therapeutic programmes for children with a history of trauma, neglect and abuse. It is the firm’s third acquisition since it was sold by Bowmark Capital to private equity firm GI Partners last March for £28m. In September, Advanced Childcare paid £10m for Clifford House with 13 children’s homes and in March this year it acquired its biggest rival The Continuum Care and Education Group with 88 children’s homes and 15 special schools, predominantly in northern England and the south west. This makes Advanced Childcare a leading operator that helps traumatised youngsters gain the skills and confidence to move from specialist residential homes to family foster placements or independent living.

Deals

Stemgent Inc. acquired Asterand Plc’s Human Tissue Genome Business for a consideration of £5.7m. Stemgent is a company that develops innovative technology and application solutions for the advancement of stem cell research. Asterand is a supplier of human tissue and human tissue-based research services to pharmaceutical companies engaged in drug discovery and development.

Key Capital Partners backed management and acquired Nurse Plus And Carer Plus (UK) Ltd for a consideration of £15m. Nurse Plus is healthcare recruitment company that also provides homecare service and support to people with dementia, learning disabilities, mental health problems, physical disabilities, spine and brain injuries.

Vetuk Ltd acquired Nutrecare Ltd for an undisclosed amount. Vetuk is supplier of pet medications. Nutrecare is an online pet supplies retailer.

MedicX Fund acquired 31 primary care businesses for a total consideration of £91.9m. MedicX Fund is a specialist primary care infrastructure investor in modern purpose-built primary healthcare properties.

Enara Group Ltd acquired Angels Care Services Ltd for an undisclosed amount. Enara Group is a care service provider. Angels Care Services is a home care company.

Aria Assistance Ltd acquired Premier Occupational Healthcare Ltd for an undisclosed amount. Aria Assistance is a provider of roadside assistance, travel insurance services, home emergency assistance and health assistance solutions including International private medical insurance. Premier occupational healthcare is a occupational health and wellbeing services provider.

Synergy Health Plc acquired Sri/Surgical Express Inc for a consideration of £24.7m. Synergy Health delivers a range of specialist outsourced services to healthcare providers and other clients concerned with health management. Sri/Surgical Express is a Florida-based reusable and disposable sterile surgical gowns and surgical instruments wholesaler.

AstraZeneca plc acquired Link Medicine Corporation’s Neuroscience Assets for an undisclosed amount. AstraZeneca is an integrated biopharmaceutical company dedicated to the discovery of novel drug candidates in the anti-infective area. Link Medicine is a company specialising in neurodegenerative diseases treatment.

Balhousie Care Ltd acquired Brookfield Residential Home for an undisclosed amount. Balhousie Care is a provider of residential care. Brookfield Residential Home is a UK-based care home.

Advanced Childcare Ltd acquired Saccs Ltd for an undisclosed amount. Advanced Childcare is a provider of residential care and fostering services for troubled youngsters. Saccs Ltd are specialists in providing residential therapeutic treatments for children who have suffered severe early life traumas.

NBGI Private Equity acquired Horizon Care Ltd for an undisclosed amount. Horizon Care is a nursing & domiciliary care agency who provide a comprehensive range of quality healthcare services.

St Martins Healthcare acquired General Medical Clinics (GenMed) for a consideration of £3.7 million. St Martins Healthcare is a provider of healthcare services. General Medical Clinics operate private medical centres offering GP appointments, health screening, travel health and a full range of other health services.