Case Study: TA Associates

TA Associates logo

Deal Synopsis

Overview

  • We were engaged by private equity firm TA Associates with a mandate to seek platform acquisitions in the healthcare services sector

About Triumph Healthcare

  • Comprised of five freestanding LTACHs in the greater Houston area
  • One of the first systems with a market densification strategy

Transaction Outcomes

  • TA Associates successfully led a $250 million recapitalization of Triumph Healthcare
  • Within five years, Triumph operated a system comprised of 30 hospitals in six states
  • Triumph was sold to RehabCare Group, a leading national provider of post-acute services, for approximately $570 million

Our Role

Strategy

  • We levered our industry relationships and facilitated the initial introduction and subsequent collaboration between Triumph Healthcare’s management team and TA Associates

Execution

  • We used our expertise to assist TA Associates with finding, valuing, structuring, and executing this transaction