mynth
← DATABASE
10/2020

HELP AT HOME acquired by THE VISTRIA GROUP / CENTERBRIDGE PARTNERS

UNITED STATES Health Providers / Healthcare Facilities / Nursing Homes EV 1b - 4b USD

Context

Vistria and Centerbridge Partners jointly acquired Help at Home from Wellspring Capital Management, which had owned the business for approximately five years. The transaction represents the final platform investment of Vistria Fund II and simultaneously the first investment of Vistria Fund III, reflecting the deal's significance within Vistria's fund lifecycle. Vistria and Centerbridge will hold equal board representation at Help at Home. The investment is consistent with Vistria's thematic focus on the structural shift in US healthcare delivery toward home and community-based settings, and follows their prior joint investment in Civitas in 2019

HELP AT HOME, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.3x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Help at Home is a leading US provider of home care and community-based services, founded in 1975 and headquartered in Chicago, Illinois. The company provides a broad range of medical and non-medical in-home care services to seniors and persons with disabilities across 13 states — Alabama, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Pennsylvania, South Carolina, and Tennessee — through a network of more than 155 locations caring for over 60,000 clients. Help at Home's model is centred on enabling elderly and disabled individuals to continue living independently in their homes and communities, rather than in institutionalised care settings.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2020
2019

Similar deals in Health Providers

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
11/2020ARDIANINOVIE GROUPFRANCELabs (Biology)
11/2020L CATTERTONALLIANCE ANIMAL HEALTHUNITED STATESVet Clinics
10/2020INFRATILQSCAN GROUPAUSTRALIARadiology
10/2020KKR / TETHYS INVEST / ARDIAN / CNP ASSURANCES / MERIEUX EQUITY PARTNERSELSANFRANCEClinics / Hospitals
09/2020EQT PARTNERSCOLISÉEFRANCENursing Homes
09/2020VAM INVESTMENTSDEMENEGOITALYOphthalmology
07/2020BIOGROUPLABORIZONFRANCELabs (Biology)
07/2020ORPEABRINDLEY HEALTHCAREIRELANDNursing Homes
06/2020ASKLEPIOS KLINIKENRHÖN-KLINIKUMGERMANYClinics / Hospitals
03/2020ORPEATLC GROUPIRELANDNursing Homes

REFERENCES

Valuation range: EV 1b - 4b USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HELP AT HOME by THE VISTRIA GROUP / CENTERBRIDGE PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: help at home

Acquirer: centerbridge partners / the vistria group