CD&R Makes $910M Deal for Wound Care Centers
The owner of David's Bridal and John Deere Landscapes will take over Healogics
New York private equity firm Clayton Dubilier & Rice is buying Healogics Holding Corp. in a deal valued at $910 million.
Jacksonville, Florida-based Healogics operates almost 600 hospital outpatient wound care centers. The company also operates Sechrist Industries, which manufactures hyperbaric oxygen therapy chambers used for wound care. The deal was announced on May 21.
"Healogics is the clear market leader in hospital outpatient wound care services which is a large, underserved market with sustainable long-term growth," says CD&R Partner Kenneth Giuriceo.
J.P. Morgan Securities LLC (NYSE: JPM), Credit Suisse (NYSE: CS), Bank of America Merrill Lynch, Citigroup Global Markets Inc. (NYSE: C) and Morgan Stanley (NYSE: MS) have committed debt financing for the deal. Debevoise & Plimpton LLP acted as CD&R's legal adviser, while J.P. Morgan, Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Citi and Morgan Stanley acted as financial advisers.
For more information on related topics, visit the following: