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Investment Banking & Securities Offered Through SDR Capital Markets, Inc., Member FINRA & SIPC.

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Page 1: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Investment Banking & Securities Offered Through SDR

Capital Markets, Inc., Member FINRA & SIPC.

Page 4: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA12/27/2018 Millipede, Inc. Boston Scientific Corp. Medical Devices & Products 450.00 - -

12/19/2018 Pfizer, Inc. (Consumer Health Business) GlaxoSmithKline Plc Pharma Services 20,000.00 - -

12/18/2018 Civitas Solutions, Inc. Centerbridge Partners LP Long Term & Behavioral Care 1,342.61 0.84x 8.96x

12/12/2018 Aurora Diagnostics LLC Sonic Healthcare Ltd. Specialty Providers 540.00 1.74x 9.15x

12/3/2018 TESARO, Inc. GlaxoSmithKline Plc Pharma Services 4,309.14 19.64x -

11/19/2018 DJO Global, Inc. Colfax Corp. Medical Devices & Products 3,150.00 2.63x 11.71x

10/19/2018 Navigate Cardiac Structures, Inc. iVascular SL Medical Devices & Products 100.00 - -

10/10/2018 Compassionate Care Hospice Amedisys, Inc. Long Term & Behavioral Care 340.00 - 12.62x

9/28/2018 Genoa, a Qol Healthcare Co. UnitedHealth Group, Inc. Pharma Services 2,500.00 - -

9/26/2018 Syntimmune, Inc. Alexion Pharmaceuticals, Inc. Pharma Services 1,200.00 - -

8/30/2018 K2M Group Holdings, Inc. Stryker Corp. Medical Devices & Products 1,262.70 4.64x -

8/17/2018 Organogenesis, Inc. Avista Healthcare Public

Acquisition Corp.

Medical Devices & Products 904.27 4.52x -

8/3/2018 Allergan USA Inc (Acne & Dermatoses Five Brands) Almirall SA Pharma Services 650.00 - -

7/23/2018 LifePoint Health, Inc. Apollo Global Management LLC,

RCCH Health Partners

General Providers 5,303.14 - -

Strategic75%

Financial25%

14

80

3

72

33 33

14

46

75

-

20

40

60

80

100

Page 5: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Strategic Buyer Inv. Date Select Corporate Acquisitions3/14/2017Dermatology Center PCThe Ensign Group 11/1/2018 ▪ Bennett Hills Rehabilitation & Care Center

11/1/2018 ▪ Creekside Transitional Care & Rehabilitation

6/5/2018 ▪ Sunwest Nursing & Rehabilitation Center

5/1/2018 ▪ Grace Presbyterian Village of Fort Worth, Inc.

9/5/2017 ▪ Walnut Holdings & Quince Holdings

7/10/2017 ▪ Bijou Healthcare, Inc.

MEDNAX 11/26/2018 ▪ Bethesda Radiology Associates, Inc.

10/10/2018 ▪ South Dade Neonatology LLC10/2/2018 ▪ Radiology Specialists Ltd.4/24/2018 ▪ Women's Radiology Associates LLP4/2/2018 ▪ Children's Urology Associates PA3/27/2018 ▪ Cool Springs Interventional PLLC3/21/2018 ▪ Children's Eye Care LLC1/10/2018 ▪ Tri-Valley Neonatal Medical Group, Inc.

Boston Scientific Corp. 12/27/2018 ▪ Millipede, Inc.

9/6/2018 ▪ Augmenix, Inc.

7/20/2018 ▪ Claret Medical, Inc.

7/5/2018 ▪ Cryterion Medical, Inc.

4/16/2018 ▪ nVision Medical Corp.

Quest Diagnostics, Inc. 10/25/2018 ▪ Marin General Hospital (Outreach Laboratory Services Operations)

9/27/2018 ▪ PhenoPath Laboratories PLLC9/25/2018 ▪ Oxford Immunotec Global Plc (US Laboratory Service Business)9/24/2018 ▪ ReproSource, Inc.1/23/2018 ▪ MedXM MSO, Inc.

Financial Buyer Inv. Date Select Corporate InvestmentsNew MainStream Capital 12/3/2018 ▪ Rock Creek Dermatology & Skin Cancer Center LLC

9/21/2018 ▪ Drs. Sirkin & Kruger, Inc.

8/17/2018 ▪ Michael D Turck PC

7/13/2018 ▪ Lisbeth S. Bradley DDS PC

6/1/2018 ▪ Drs. Melman, Ravett & Associates PC

4/30/2018 ▪ Tideway Dermatology PA

4/5/2018 ▪ Kremer Eye Center

2/5/2018 ▪ East Tennessee Dermatology Group PC

Spindletop Capital Management LLC 5/15/2018 ▪ Sanova Dermatology Management, Inc.

5/15/2018 ▪ Steiner Ranch Dermatology & Cosmetic Surgery PLLC

5/15/2018 ▪ Pflugerville Dermatology Clinical Research Center5/15/2018 ▪ The Austin Institute For Clinical Research5/15/2018 ▪ Furner Bonnie MD Pllc5/15/2018 ▪ The DermaSurgery Center LLC3/14/2017 ▪

Dermatology Center PCBelHealth Investment Partners 9/14/2018 ▪ Gemini Bio-Products, Inc.

8/21/2018 ▪ PARADISE Home Care, Inc.8/21/2018 ▪ A Hopeful Home LLC6/28/2018 ▪ Beach House Center For Recovery1/4/2017 ▪ Care Advantage, Inc.

Old Metairie DermatologyWebster Capital Management LLC 11/1/2018 ▪ Specialcare Hospital Management Corp.8/20/2018 ▪ Suncrest Hospice LLC (Colorado Operations)8/6/2018 ▪ Jean Brown Research3/14/2017

Dermatology Center PCPharos Capital Group LLC 11/16/2018 ▪ ABA of North Texas LLC

10/30/2018 ▪ Charter Health Care Group LLC

6/13/2018 ▪ CCMC Corp.

Page 6: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

-40%

-30%

-20%

-10%

0%

10%

20%

30%

Dental Products & Providers Medical Devices & Products Medical Product DistributionSpecialty Providers Pharma Services Practice ManagementProvider Services Long Term & Behavioral Care General ProvidersS&P 500

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Zimmer Biomet Holdings, Inc. ZBH 21,156$ 103.72$ (14.0%) (14.0%) 77.1% 0.4% 27.8% 3.8x 11.9x 12.1x 3.8x 10.8x

Align Technology, Inc. ALGN 16,751 209.43 (5.7%) (5.7%) 52.5% 28.9% 27.6% 8.7x 32.0x 54.7x 6.9x 24.9x

Henry Schein, Inc. HSIC 11,969 78.52 12.4% 12.4% 86.0% 5.9% 8.3% 1.1x 13.3x 30.5x 1.1x 12.6x

DENTSPLY SIRONA, Inc. XRAY 8,281 37.21 (43.5%) (43.5%) 54.3% (0.1%) 15.5% 2.4x 12.7x NM 2.4x 12.5x

Cantel Medical Corp. CMN 3,106 74.45 (27.6%) (27.6%) 56.9% 10.6% 17.0% 3.7x 20.9x 35.6x 3.3x 16.9x

Patterson Cos., Inc. PDCO 1,867 19.66 (45.6%) (45.6%) 51.0% 3.1% 4.6% 0.5x 11.3x 11.8x 0.4x 9.1x

Pro-Dex, Inc. PDEX 51 12.08 77.6% 77.6% 75.5% 5.6% 26.2% 1.8x 9.3x 22.9x 1.8x 9.5x

BIOLASE, Inc. BIOL 20 0.99 (53.6%) (53.6%) 33.2% 8.5% (39.4%) 0.4x NM NM 0.4x (1.8x)

Birner Dental Management Services, Inc. BDMS 20 10.38 53.8% 53.8% 99.3% NM 0.7% 0.5x NM NM NM NM

Milestone Scientific, Inc. MLSS 11 0.33 (71.9%) (71.9%) 26.5% 19.1% (164.1%) 1.4x NM NM 1.2x NM

Segment Average (11.8%) (11.8%) 61.2% 9.1% (7.6%) 2.4x 15.9x 27.9x 2.4x 11.8xSegment Median (20.8%) (20.8%) 55.6% 5.9% 11.9% 1.6x 12.7x 26.7x 1.8x 11.6x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 7: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Johnson & Johnson JNJ 346,109$ 129.05$ (7.6%) (7.6%) 86.6% 1.7% 36.1% 4.5x 14.4x NM 4.4x 11.7x

Abbott Laboratories ABT 127,036 72.33 26.7% 26.7% 96.5% 5.9% 24.3% 4.7x 27.9x NM 4.5x 17.4x

Medtronic Plc MDT 122,163 90.96 12.6% 12.6% 90.8% 3.5% 31.3% 4.5x 14.0x 54.5x 4.4x 13.9x

Becton, Dickinson & Co. BDX 60,713 225.32 5.3% 5.3% 84.7% 10.6% 29.0% 5.1x 19.8x NM 4.5x 13.2x

Stryker Corp. SYK 58,654 156.75 1.2% 1.2% 87.2% 9.9% 27.1% 4.8x 17.1x 48.4x 4.4x 15.6x

Intuitive Surgical, Inc. ISRG 54,693 478.92 31.2% 31.2% 82.4% 19.8% 37.2% 13.3x 36.5x 72.0x 12.2x 28.1x

Boston Scientific Corp. BSX 48,904 35.34 42.6% 42.6% 89.6% 9.9% 26.5% 5.6x 20.8x 74.4x 5.2x 17.7x

Baxter International, Inc. BAX 35,026 65.82 1.8% 1.8% 84.0% 2.8% 25.0% 3.2x 14.2x 30.0x 3.2x 12.7x

Edwards Lifesciences Corp. EW 32,020 153.17 35.9% 35.9% 87.5% 14.0% 30.3% 8.7x 28.2x 46.0x 7.8x 23.6x

Zimmer Biomet Holdings, Inc. ZBH 21,156 103.72 (14.0%) (14.0%) 77.1% 0.4% 27.8% 3.8x 11.9x 12.1x 3.8x 10.8x

ABIOMED, Inc. ABMD 14,640 325.04 73.4% 73.4% 70.7% 35.4% 29.6% 20.6x NM 78.7x 15.6x 47.5x

Integra LifeSciences Holdings Corp. IART 3,842 45.10 (5.8%) (5.8%) 66.8% 5.5% 23.7% 3.5x 14.7x 45.6x 3.3x 13.5x

Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Danaher Corp. DHR 72,277$ 103.12$ 11.1% 11.1% 93.0% 4.5% 23.7% 4.2x 17.2x 26.5x 4.1x 16.5x

Stryker Corp. SYK 58,654 156.75 1.2% 1.2% 87.2% 9.9% 27.1% 4.8x 17.1x 48.4x 4.4x 15.6x

McKesson Corp. MCK 21,583 110.47 (29.2%) (29.2%) 61.8% 3.8% 1.9% 0.1x 7.6x NM 0.1x 7.4x

AmerisourceBergen Corp. ABC 15,768 74.40 (19.0%) (19.0%) 70.0% 7.9% 0.9% 0.1x 8.4x 9.9x 0.1x 7.8x

Cardinal Health, Inc. CAH 13,288 44.60 (27.2%) (27.2%) 58.9% 3.7% 1.8% 0.1x 5.8x 18.7x 0.1x 7.1x

Henry Schein, Inc. HSIC 11,969 78.52 12.4% 12.4% 86.0% 5.9% 8.3% 1.1x 13.3x 30.5x 1.1x 12.6x

Patterson Cos., Inc. PDCO 1,867 19.66 (45.6%) (45.6%) 51.0% 3.1% 4.6% 0.5x 11.3x 11.8x 0.4x 9.1x

Owens & Minor, Inc. OMI 394 6.33 (66.5%) (66.5%) 27.6% 2.7% 2.3% 0.2x 9.2x NM 0.2x 7.0x

Aceto Corp. ACET 26 0.84 (91.9%) (91.9%) 7.0% NM (3.2%) 0.4x NM NM NM NM

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Fresenius Medical Care AG & Co. KGaA FMS 19,935$ 32.39$ (38.4%) (38.4%) 55.9% (0.5%) 16.7% 1.4x 8.8x 8.6x 1.4x 7.6x

DaVita, Inc. DVA 8,542 51.46 (28.8%) (28.8%) 63.8% 5.4% 15.7% 1.7x 10.2x 15.2x 1.6x 8.8x

Encompass Health Corp. HLS 6,104 61.70 24.9% 24.9% 74.8% 8.1% 21.0% 2.2x 10.3x 18.9x 2.0x 9.7x

MEDNAX, Inc. MD 2,951 33.00 (38.2%) (38.2%) 52.3% 3.0% 15.4% 1.3x 8.5x 8.9x 1.3x 8.3x

LHC Group, Inc. LHCG 2,945 93.88 53.3% 53.3% 87.3% 34.8% 10.8% 2.0x 24.4x 35.7x 1.5x 14.9x

American Renal Associates Holdings, Inc. ARA 375 11.52 (33.8%) (33.8%) 47.9% 11.3% 19.5% 1.4x 6.8x NM 1.3x 10.9x

AAC Holdings, Inc. AAC 34 1.40 (84.4%) (84.4%) 10.8% 10.3% (0.4%) 1.0x 10.8x NM 0.9x 4.9x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week

High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

HCA Healthcare, Inc. HCA 42,831$ 124.45$ 41.7% 41.7% 84.4% 7.0% 18.2% 1.7x 8.8x 13.9x 1.6x 8.3x

Universal Health Services, Inc. UHS 9,940 116.56 2.8% 2.8% 83.5% 5.6% 13.9% 1.4x 8.7x 13.1x 1.3x 8.1x

Tenet Healthcare Corp. THC 1,757 17.14 13.1% 13.1% 43.1% (3.5%) 12.3% 1.0x 7.1x NM 1.0x 7.1x

Community Health Systems, Inc. CYH 328 2.82 (33.8%) (33.8%) 44.3% (4.9%) 10.5% 1.0x 14.4x NM 1.1x 9.1x

Market Stats Operating Stats LTM Mult iples NTM Mult iples

Page 8: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

WellCare Health Plans, Inc. WCG 11,803$ 236.09$ 17.4% 17.4% 72.6% 38.6% NM 0.5x NM 24.5x 0.4x 8.6x

HealthEquity, Inc. HQY 3,722 59.65 27.8% 27.8% 58.7% 24.9% 33.5% 12.5x 38.6x 56.5x 10.2x 25.3x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Cerner Corp. CERN 17,278$ 52.44$ (22.2%) (22.2%) 71.4% 9.3% 27.5% 3.2x 11.6x 21.1x 2.9x 10.0x

Healthcare Services Group, Inc. HCSG 2,965 40.18 (23.8%) (23.8%) 71.5% 6.3% 6.5% 1.4x 27.8x 41.4x 1.4x 17.5x

Omnicell, Inc. OMCL 2,427 61.24 26.3% 26.3% 77.1% 12.9% 13.2% 3.3x 31.0x 54.7x 3.0x 17.1x

HMS Holdings Corp. HMSY 2,360 28.13 66.0% 66.0% 73.7% 8.8% 25.8% 4.2x 17.1x 50.8x 3.9x 15.0x

Evolent Health, Inc. EVH 1,563 19.95 62.2% 62.2% 68.7% 55.9% 11.3% 2.6x 29.4x NM 1.7x 23.1x

Providence Service Corp. PRSC 769 60.02 1.1% 1.1% 71.5% (13.0%) 3.7% 0.5x 11.8x 26.5x 0.6x 10.8x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

CVS Health Corp. CVS 84,730$ 65.52$ (9.6%) (9.6%) 78.1% 30.4% 6.4% 0.6x 8.4x 21.6x 0.4x 4.8x

Allergan Plc AGN 45,082 133.66 (18.3%) (18.3%) 67.8% (3.9%) 48.6% 4.2x 9.0x 20.3x 4.4x 9.1x

Perrigo Co. Plc PRGO 5,264 38.75 (55.5%) (55.5%) 40.4% (1.0%) 19.9% 1.7x 8.1x 44.2x 1.7x 8.0x

Allscripts Healthcare Solutions, Inc. MDRX 1,684 9.64 (33.7%) (33.7%) 59.8% 7.7% 13.7% 1.9x 17.9x NM 1.7x 8.9x

Magellan Health, Inc. MGLN 1,380 56.89 (41.1%) (41.1%) 50.7% 1.2% 4.3% 0.2x 5.5x 13.3x 0.2x 5.5x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Acadia Healthcare Co., Inc. ACHC 2,269$ 25.71$ (21.2%) (21.2%) 56.7% 6.4% 18.9% 1.8x 9.3x 10.0x 1.7x 8.5x

The Ensign Group, Inc. ENSG 2,029 38.79 74.7% 74.7% 79.2% 9.2% 8.0% 1.1x 13.5x 27.1x 1.1x 10.6x

National HealthCare Corp. NHC 1,195 78.45 28.7% 28.7% 92.4% NM 9.1% 1.1x 10.5x 19.2x NM NM

Civitas Solutions, Inc. CIVI 635 17.51 2.4% 2.4% 95.4% 6.1% 8.4% 0.8x 8.9x 43.5x 0.8x 7.4x

AAC Holdings, Inc. AAC 34 1.40 (84.4%) (84.4%) 10.8% 10.3% (0.4%) 1.0x 10.8x NM 0.9x 4.9x

SunLink Health Systems, Inc. SSY 8 1.14 (28.3%) (28.3%) 56.4% NM (2.8%) 0.2x NM NM NM NM

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 9: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Source: GF Data®

Source: GF Data®

Page 11: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA12/31/2018 Eyemax Vision Plan, Inc. Western Dental Services, Inc., Premier Dental

Holdings, Inc.

Provider Services - - -

12/27/2018 M illipede, Inc. Boston Scientific Corp. M edical Devices &

Products

450.00 - -

12/21/2018 Forest Dental Products, Inc. Den-Tal-Ez, Inc. Dental Products &

Providers

- - -

12/21/2018 Catalyst Sales & M arketing LLC CAREstream America, Inc. M edical Devices &

Products

- - -

12/20/2018 Relius M edical LLC New Heritage Capital LLC, EPTAM Plastics Ltd. M edical Devices &

Products

- - -

12/20/2018 Pediatric Home Respiratory Services, Inc. Intandem Capital Partners LLC Long Term & Behavioral

Care

- - -

12/19/2018 Tear Film Innovations, Inc. Alcon, Inc. M edical Devices &

Products

- - -

12/19/2018 Deccaid Services, Inc. South Plains Biomedical Services M edical Devices &

Products

- - -

12/19/2018 Pfizer, Inc. (Consumer Health Business) GlaxoSmithKline Plc M edical Devices &

Products

20,000.00 - -

12/19/2018 M M odal, Inc. (Technology Business) 3M Co. Practice M anagement 1,000.00 - -

12/19/2018 Roper Technologies, Inc. (Scientific Imaging

Business)

Teledyne Technologies, Inc. M edical Devices &

Products

225.00 - -

12/18/2018 Zoom Care PC PeaceHealth General Providers - - -

12/18/2018 Community B lood Center o f Caro linas, Inc. OneBlood, Inc. Specialty Providers - - -

12/18/2018 CRH Healthcare LLC Freeman Spogli & Co. LLC General Providers - - -

12/18/2018 Civitas Solutions, Inc. Centerbridge Partners LP Long Term & Behavioral

Care

1,342.61 0.84x 8.96x

12/18/2018 Ceterix Orthopaedics, Inc. Smith & Nephew Plc M edical Devices &

Products

105.00 - -

12/18/2018 Apollo Endosurgery, Inc. (Surgical Prod Line) ReShape Lifesciences, Inc. M edical Devices &

Products

17.00 - -

12/17/2018 Riverside M edical, Inc. Protech Home M edical Corp. M edical Product

Distribution

- - -

12/17/2018 US BioTek Laboratories, Inc. Pike Street Capital LLC Specialty Providers - - -

12/17/2018 Infusion Associates M anagement, Inc. Boyne Capital Partners LLC Specialty Providers - - -

12/17/2018 Shire Plc (Boston M anufacturing Facility) AAI Development Services, Inc., Rentschler

B iopharma SE

Pharma Services - - -

12/17/2018 Central Oxygen, Inc. Protech Home M edical Corp. M edical Devices &

Products

- - -

12/17/2018 Vascular Insights LLC M erit M edical Systems, Inc. M edical Devices &

Products

60.00 - -

12/14/2018 Consolo Services Group, Inc. M ediware Information Systems, Inc., TPG Capital

LLC

Provider Services - - -

12/13/2018 Brightpoint Health Hudson River Healthcare, Inc. Long Term & Behavioral

Care

- - -

12/13/2018 Nextcare Holdings, Inc. ABRY Partners LLC, Urgent Cares of America

Holdings LLC

General Providers - - -

12/13/2018 Buffalo Filter LLC CONM ED Corp. M edical Devices &

Products

365.00 - -

12/12/2018 Factor One Source Pharmacy LLC InfuCare Rx LLC Pharma Services - - -

12/12/2018 Aurora Diagnostics LLC Sonic Healthcare Ltd. Specialty Providers 540.00 1.74x 9.15x

12/11/2018 Vet Path Services, Inc. HSRL, Inc. Provider Services - - -

12/7/2018 St. A lexius Hospital Corp. Americore Holdings LLC General Providers 10.00 - -

12/7/2018 Gastroentero Logic LLC (Omeclamox-Pak) Cumberland Pharmaceuticals, Inc. Pharma Services 2.30 - -

12/5/2018 The Guardian Life Insurance Co. o f America

(Dental Svcs Org)

Western Dental Services, Inc. Dental Products &

Providers

- - -

12/5/2018 Aisthesis North American Partners in Anesthesia LLP Provider Services - - -

12/5/2018 Behavioral Health Group, Inc. The Vistria Group LP Long Term & Behavioral

Care

- - -

12/4/2018 Adrian Discount Drugs, Inc. Aeroflow, Inc. M edical Product

Distribution

- - -

12/4/2018 PhyNexus, Inc. Biotage AB M edical Devices &

Products

21.59 6.97x -

12/3/2018 Aegis Therapeutics LLC Neurelis, Inc. Pharma Services - - -

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Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA12/3/2018 Tennessee Valley Anesthesia Associates LLC CRH M edical Corp. Specialty Providers - - -

12/3/2018 Rock Creek Dermato logy & Skin Cancer Center

LLC

New M ainStream Capital, Anne Arundel

Dermato logy M anagement LLC

Specialty Providers - - -

12/3/2018 Progressive Comprehensive Services LLC

(Support Coordination)

HealthEdge Investment Partners LLC, The

Columbus Organization

Provider Services - - -

12/3/2018 Hema Diagnostic Systems LLC Generex Biotechnology Corp. M edical Devices &

Products

0.00 - -

12/1/2018 Applied Behavioral Associates LLC Centria Healthcare LLC Long Term & Behavioral

Care

- - -

12/1/2018 Women's Health & Wellness Lindsay Goldberg & Co. LLC, Women's Care

Florida LLC

Specialty Providers - - -

12/1/2018 Diversicare Healthcare Services, Inc. (3

Subsidiaries)

Birchwood Nursing Center Ltd., Padgett Clinton

Propco LLC, Westwood Glasgow Propco LLC,

Westwood Nursing & Rehabilitation LLC

Specialty Providers 18.70 - -

11/30/2018 Validation Resources LLC Crawford Scientific Ltd., Limerston Capital LLP Provider Services - - -

11/30/2018 TripleCare, Inc. UPM C Enterprises, Curavi Health, Inc. Provider Services - - -

11/30/2018 Eye Care & Cure Corp. Blue Point Capital Partners LLC, The Hilsinger

Co., NB Alternatives Advisers LLC

M edical Devices &

Products

- - -

11/30/2018 Avalign Technologies, Inc. Linden M anager LLC M edical Devices &

Products

- - -

11/29/2018 Head & Neck Surgical Associates, Inc. Ascentist Physicians Group LLC Specialty Providers - - -

11/29/2018 Around The Clock (ATC) Home Healthcare LLC Prestige Adult Foster Care LLC Long Term & Behavioral

Care

- - -

11/29/2018 Regentys Corp. Generex Biotechnology Corp. M edical Devices &

Products

15.00 - -

11/28/2018 Asset Optimization Group LLC Crowe Global Practice M anagement - - -

11/28/2018 Olaregen Therapeutix, Inc. Generex Biotechnology Corp. Pharma Services 17.62 - -

11/27/2018 Bay M edical Center Sacred Heart Sacred Heart Health System, Inc. General Providers - - -

11/27/2018 Simplywell, Inc. M arlin M anagement Co. LLC, Virgin Pulse, Inc. Provider Services - - -

11/27/2018 The PolyClinic UnitedHealth Group, Inc. General Providers - - -

11/26/2018 Bethesda Radio logy Associates, Inc. M EDNAX, Inc. Specialty Providers - - -

11/26/2018 Jellico Community Hospital, Inc. Rennova Health, Inc. General Providers - - -

11/26/2018 CarePlus Rural Health Clinic LLC Rennova Health, Inc. General Providers - - -

11/25/2018 Clario M edical Imaging, Inc. Intelerad M edical System, Inc. Practice M anagement - - -

11/23/2018 Springs M emorial Hospital Auxiliary M edical University o f South Caro lina Foundation General Providers - - -

11/21/2018 SeraCare Life Sciences, Inc. Kohlberg Kravis Roberts & Co. LP, LGC Ltd. M edical Devices &

Products

- - -

11/21/2018 Grifo ls Diagnostic Solutions, Inc. Shanghai RAAS Blood Products Co., Ltd. M edical Devices &

Products

5,000.00 - -

11/20/2018 EHC M edical Offices PLLC Revelstoke Capital Partners LLC, Crossroads

Holding LLC

General Providers - - -

11/20/2018 Children's Heart Specialists PSC Cincinnati Children's Hospital M edical Center Specialty Providers - - -

11/20/2018 ChoiceSpine LP Altus Capital Partners, Inc. M edical Devices &

Products

- - -

11/20/2018 Premier Care, Inc. (US) Clearview Capital LLC, Community M edical

Services Holdings LLC

Long Term & Behavioral

Care

- - -

11/20/2018 Avista Pharma Solutions, Inc. Cambrex Corp. Pharma Services 252.00 - -

11/19/2018 Community Health Systems (4 Hospital) M edical University o f South Caro lina Foundation General Providers - - -

11/19/2018 Helping Hand Children's Center LLC Pediatrics Plus Therapy Services, Inc. Specialty Providers - - -

11/19/2018 DJO Global, Inc. Colfax Corp. M edical Devices &

Products

3,150.00 2.63x 11.71x

11/16/2018 ABA of North Texas LLC Pharos Capital Group LLC, The Family

Treatment Network, Inc.

Long Term & Behavioral

Care

- - -

11/15/2018 Team Technologies, Inc. Clearlake Capital Group LP, Shareholders Dental Products &

Providers

- - -

11/15/2018 OnSite Innovations, Inc. Pivot Health Solutions Provider Services - - -

11/15/2018 Grand Canyon Anesthesio logy Consultants LLC PhyM ED M anagement LLC Specialty Providers - - -

11/13/2018 Shabo Dental Smile Studio Chicago Pacific Capital LP, CPF Dental LLC Dental Products &

Providers

- - -

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Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA11/13/2018 Jeffrey Weissman D.D.S. P.C. Chicago Pacific Capital LP, CPF Dental LLC Dental Products &

Providers

- - -

11/13/2018 Avenue Therapeutics, Inc. InvaGen Pharmaceuticals, Inc., Cipla (EU) Ltd. Pharma Services 265.06 - -

11/12/2018 Diagnostic Professionals, Inc. (4 Diagnostic

Imaging Centers)

Akumin, Inc. Specialty Providers - - -

11/12/2018 ABT M olecular Imaging, Inc. Best M edical International, Inc., Best Cyclotron

Systems, Inc., Best ABT, Inc.

M edical Devices &

Products

- - -

11/11/2018 Neuro M otor Innovations Corp. M indM aze SA Specialty Providers - - -

11/8/2018 Family Home Care Corp. Family Resource Home Care, Inc. Long Term & Behavioral

Care

- - -

11/7/2018 Virginia Fertility Associates Shady Grove Fertility Centers, Inc. Specialty Providers - - -

11/7/2018 IRX Therapeutics, Inc. Brooklyn ImmunoTherapeutics LLC Pharma Services - - -

11/6/2018 G&W Dermato logy Avista Capital Holdings LP M edical Devices &

Products

- - -

11/6/2018 Updegraff Laser Vision LLC LLR Partners, Inc., Eye Health America LLC Specialty Providers - - -

11/6/2018 M edical Networking, Inc. M ichael J. Hennessy & Associates, Inc. Provider Services - - -

11/6/2018 Theravance Biopharma, Inc. (Vibativ) Cumberland Pharmaceuticals, Inc. Pharma Services 25.00 - -

11/5/2018 Bio logical Specialty Corp. BioIVT LLC Pharma Services - - -

11/5/2018 VIP Health Care Services, Inc. Addus HomeCare Corp. Long Term & Behavioral

Care

- - -

11/5/2018 Treatment Partners of America LLC FHE Health Group Long Term & Behavioral

Care

- - -

11/5/2018 Whittier Pavilion Inpatient Specialists P llc Acadia Healthcare Co., Inc. General Providers - - -

11/5/2018 ANGLE North America, Inc. ANGLE Plc Provider Services 6.40 - -

11/5/2018 Telerhythmics LLC G M edical Innovations USA, Inc. Provider Services 1.95 - -

11/1/2018 Bennett Hills Rehabilitation & Care Center The Ensign Group, Inc. Long Term & Behavioral

Care

- - -

11/1/2018 Creekside Transitional Care & Rehabilitation The Ensign Group, Inc. Long Term & Behavioral

Care

- - -

11/1/2018 Canyon Creek M emory Care Bridgestone Living LLC Long Term & Behavioral

Care

- - -

11/1/2018 Bridgewater M emory Care Bridgestone Living LLC Long Term & Behavioral

Care

- - -

11/1/2018 Windsor Court Senior Living Bridgestone Living LLC Long Term & Behavioral

Care

- - -

11/1/2018 Lakeshore Assisted Living & M emory Care Bridgestone Living LLC Long Term & Behavioral

Care

- - -

11/1/2018 Specialcare Hospital M anagement Corp. Webster Capital M anagement LLC, BayM ark

Health Services, Inc.

Practice M anagement - - -

11/1/2018 USA Pain Clinics Quadra Health Institute LLC Specialty Providers - - -

11/1/2018 PRIM US Sterilizer Co. LLC Chalmers Development Corp. M edical Devices &

Products

- - -

11/1/2018 William E. Holcomb, M .D. & Associates, Inc. EyeCare Partners LLC Specialty Providers - - -

11/1/2018 AHNP Precision Health LLC Yamada Bee Farm Corp. M edical Devices &

Products

- - -

11/1/2018 Pacific B iosciences of California, Inc. Illumina, Inc. M edical Devices &

Products

1,095.61 - -

11/1/2018 Paradigm Spine LLC RTI Surgical, Inc. M edical Devices &

Products

299.14 - -

10/31/2018 Evergreen M edical Technologies, Inc. Heraeus Holding GmbH, Heraeus M edical

Components LLC

M edical Devices &

Products

- - -

10/31/2018 BioAgilytix Labs LLC COBEPA SA, Cobehold SA Provider Services 311.11 8.67x -

10/30/2018 Charter Health Care Group LLC Pharos Capital Group LLC Long Term & Behavioral

Care

- - -

10/29/2018 Direct Urgent Care, Inc. Carbon Health M edical Group, Inc. General Providers - - -

10/29/2018 Arizona Facilities Supply LLC Cresco Labs LLC Provider Services - - -

10/29/2018 Iroko Pharmaceuticals, Inc. Egalet US, Inc. Pharma Services 45.00 - -

10/29/2018 HCR M anorCare, Inc. (M eadows On University

Facility)

CareTrust REIT, Inc. Long Term & Behavioral

Care

4.75 - -

10/29/2018 Apiscent Labs LLC Kingchem Life Science LLC Pharma Services 1.20 - -

10/28/2018 M edone Surgical, Inc. D.O.R.C. Dutch Ophthalmic Research Center

(International) BV

M edical Devices &

Products

- - -

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Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA10/25/2018 M arin General Hospital (Outreach Laboratory

Services Ops)

Quest Diagnostics, Inc. General Providers - - -

10/24/2018 M ingle Analytics, Inc. SilverVue, Inc. Practice M anagement - - -

10/24/2018 Wittenborn Plastic Surgery LLC GTCR LLC, Riverchase Dermato logy &

Cosmetic Surgery LLC

Specialty Providers - - -

10/23/2018 Global Healthcare Alliance, Inc. GTCR LLC, Cedar Gate Partners LLC Provider Services - - -

10/23/2018 IanTech, Inc. Carl-Zeiss-Stiftung, Carl Zeiss M editec, Inc. M edical Devices &

Products

- - -

10/23/2018 Total Spectrum LLC LLR Partners, Inc., Learn IT Systems LLC Long Term & Behavioral

Care

- - -

10/23/2018 Focus Rop LLC Phoenix Technology Group, Inc. Provider Services - - -

10/23/2018 Genoptix, Inc. NeoGenomics, Inc. Specialty Providers 138.66 - -

10/22/2018 Providence Human Services LLC ATAR Capital LLC Long Term & Behavioral

Care

- - -

10/22/2018 X2 Biosystems, Inc. (Head Impact M onitoring

Business)

Prevent B iometrics, Inc. M edical Devices &

Products

- - -

10/22/2018 Living At Home SeniorCare Nova Leap, Inc., Armistead NH II, Inc. Long Term & Behavioral

Care

0.43 - -

10/19/2018 Navigate Cardiac Structures, Inc. iVascular SL M edical Devices &

Products

100.00 - -

10/19/2018 Cognify, Inc. TRSHC Holdings LLC Provider Services 32.28 - -

10/18/2018 Biomatrica, Inc. EXACT Sciences Corp. M edical Devices &

Products

- - -

10/18/2018 Pennside Partners Ltd. TwoLabs LLC Provider Services - - -

10/18/2018 M edical Instrument Devt Lab, Inc. (Subsidiaries 2) HOYA Corp. M edical Devices &

Products

171.30 - -

10/18/2018 Amnis Corp. Luminex Corp. M edical Devices &

Products

75.00 - -

10/17/2018 Decatur Radio logy Physicians Service Corp. Envision Healthcare Corp. Specialty Providers - - -

10/17/2018 M edac Urgent Care Urgent Care Group LLC General Providers - - -

10/17/2018 Atrium M edical Corp. (B iosurgery Business) SeCQure Surgery Corp. M edical Devices &

Products

- - -

10/17/2018 Heartland of Paxton IL, LLC Accolade Healthcare of Paxton Senior Living

LLC

Long Term & Behavioral

Care

- - -

10/16/2018 Eye Surgeons PC D'Ambrosio Eye Care, Inc. Specialty Providers - - -

10/16/2018 ApoCell, Inc. Precision For M edicine, Inc. Provider Services - - -

10/16/2018 Folio B iosciences LLC Discovery Life Sciences, Inc. M edical Devices &

Products

- - -

10/16/2018 Tejas Anesthesia PA Envision Healthcare Corp. Specialty Providers - - -

10/12/2018 M ary Black Health System LLC Spartanburg Regional Health Services District,

Inc.

General Providers - - -

10/11/2018 Affinity Hospice M BF Healthcare M anagement LLC Long Term & Behavioral

Care

- - -

10/11/2018 Geriatric Services of M innesota Presbyterian Homes & Services Foundation, Inc. Long Term & Behavioral

Care

- - -

10/11/2018 Corium International, Inc. Gurnet Point Capital LLC Pharma Services 461.58 12.65x -

10/11/2018 CBM BioPharma, Inc. Spherix, Inc. Pharma Services 15.15 - -

10/10/2018 South Dade Neonato logy LLC M EDNAX, Inc. Specialty Providers - - -

10/10/2018 Amunix Operating, Inc. Frazier M anagement LLC Pharma Services - - -

10/10/2018 Compassionate Care Hospice Amedisys, Inc. Long Term & Behavioral

Care

340.00 - 12.62x

10/9/2018 Texas Fertility Center, Inc. (Sa Lab) Windrose Health Investors LLC, Ovation Fertility Specialty Providers - - -

10/9/2018 LivHOM E, Inc. Bain Capital Double Impact LP Long Term & Behavioral

Care

- - -

10/9/2018 M &H M ed Housecalls LLC HealthEdge Investment Partners LLC, Spectrum

M edical Partners, Inc.

General Providers - - -

10/9/2018 Arosa LLC Bain Capital Private Equity LP, Bain Capital

Double Impact LP

Long Term & Behavioral

Care

- - -

10/9/2018 Dayton Eye Associates, Inc. Revelstoke Capital Partners LLC, CEI Vision

Partners LLC, Cincinnati Eye Institute

Specialty Providers - - -

10/8/2018 Path2Parenthood, Inc. Family Equality Council Specialty Providers - - -

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Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA10/5/2018 M edical Arts Radio logy RadNet, Inc. Specialty Providers - - -

10/5/2018 Ondax, Inc. Coherent, Inc. M edical Devices &

Products

- - -

10/4/2018 Trident Dental Laboratories National Dentex Corp., GDC Holdings, Inc. Dental Products &

Providers

- - -

10/4/2018 Essential M edical, Inc. Teleflex, Inc. M edical Devices &

Products

- - -

10/3/2018 Tri City Institute BayM ark Health Services, Inc. Long Term & Behavioral

Care

- - -

10/3/2018 Robert M . Soderstrom, M .D., P.C. Pinnacle Dermato logy LLC Specialty Providers - - -

10/3/2018 Birner Dental M anagement Services, Inc. M id-Atlantic Dental Service Holdings LLC Practice M anagement 31.81 - -

10/3/2018 Bayshore Pharmaceutical LLC Ipca Pharmaceuticals, Inc. Pharma Services 12.86 - -

10/2/2018 M emorial Hermann Health System Baylor Scott & White Health LLC General Providers - - -

10/2/2018 Radio logy Specialists Ltd. M EDNAX, Inc. Specialty Providers - - -

10/2/2018 Advanced Care Physical Therapy M anagement

LLC

Health Plus M anagement LLC Specialty Providers - - -

10/2/2018 Premier Urgent Care Center LLC (19 Urgent Care

Sites)

Tower Health General Providers - - -

10/1/2018 Dr. Reddy's Laboratories Tennessee LLC Neopharma, Inc. Pharma Services - - -

10/1/2018 The Shape of Behavior, Inc. Blue Sprig Pediatrics, Inc. Long Term & Behavioral

Care

- - -

10/1/2018 Dynamic Healthcare Services, Inc. (Hospice Dme

Ops)

Transition Capital Partners Ltd., Hospice Source

LLC

Long Term & Behavioral

Care

- - -

10/1/2018 Villa Court Assisted Living & M emory Care Bridgestone Living LLC Long Term & Behavioral

Care

- - -

10/1/2018 Dover Surgicenter LLC Bayhealth M edical Center, Inc. Specialty Providers - - -

10/1/2018 The Shores at P leasant Hill Immanuel Long Term & Behavioral

Care

- - -

10/1/2018 HyperBranch M edical Technology, Inc. Stryker Corp. M edical Devices &

Products

220.00 - -

10/1/2018 Cianna M edical, Inc. M erit M edical Systems, Inc. M edical Devices &

Products

200.00 - -

10/1/2018 Comprehensive Home Care Nova Leap Health Corp. Long Term & Behavioral

Care

0.85 - -

9/28/2018 Genoa, a Qol Healthcare Co. UnitedHealth Group, Inc. Pharma Services 2,500.00 - -

9/27/2018 Focal Therapeutics, Inc. Hologic, Inc. M edical Devices &

Products

- - -

9/27/2018 SureAdhere M obile Technology, Inc. Everwell Health Solutions Pvt Ltd. Provider Services - - -

9/27/2018 Bellus M edical LLC Crown Laboratories, Inc., M ontreux Equity

Partners, Inc., Hildred Capital Partners LLC

M edical Devices &

Products

- - -

9/27/2018 PhenoPath Laboratories PLLC Quest Diagnostics, Inc. Specialty Providers - - -

9/27/2018 Clinical Supplies M anagement, Inc. Clinigen Group Plc M edical Product

Distribution

240.00 4.69x 31.58x

9/27/2018 M idatech Pharma US, Inc. Barings LLC, M M Asset M anagement Holding

LLC

Pharma Services 19.00 - -

9/26/2018 SteadM ed M edical LLC URGO Group SAS M edical Devices &

Products

- - -

9/26/2018 Saint Louis Effort For A ids Aids Resource Center o f Wisconsin, Inc. Long Term & Behavioral

Care

- - -

9/26/2018 Emergency M obile Health Care LLC Acadian Ambulance Service, Inc. Provider Services - - -

9/26/2018 Hospice of Citrus County, Inc. VITAS Healthcare Corp. Long Term & Behavioral

Care

11.00 - -

9/25/2018 NextWave Pharmaceuticals, Inc. Tris Pharma, Inc. Pharma Services - - -

9/25/2018 Intra-Lock International, Inc. Henry Schein, Inc. Dental Products &

Providers

- - -

9/25/2018 Inception DX LLC Predictive Technology Group, Inc. Provider Services - - -

9/25/2018 Loving Touch Home Care LLC Regent Healthcare, Inc. Long Term & Behavioral

Care

- - -

9/25/2018 ACEA Biosciences, Inc. Agilent Technologies, Inc. M edical Devices &

Products

250.00 - -

9/25/2018 Oxford Immunotec Global P lc (Us Laboratory

Service Business)

Quest Diagnostics, Inc. Provider Services 170.00 - -

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Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA9/24/2018 ReproSource, Inc. Quest Diagnostics, Inc. Provider Services - - -

9/22/2018 CHI St. Vincent Little Rock Diagnostic Clinic CHI St. Vincent M edical Group Specialty Providers - - -

9/21/2018 Drs. Sirkin & Kruger, Inc. New M ainStream Capital, CORDENTAL Group Dental Products &

Providers

- - -

9/21/2018 Numotion Corp. AEA Investors LP M edical Devices &

Products

- - -

9/20/2018 BWTII, Inc. Boyne Capital Partners LLC, Family Private

Care, Inc.

Long Term & Behavioral

Care

- - -

9/20/2018 M cPeak Vision Partners Pllc FFL Partners LLC, EyeCare Partners LLC Specialty Providers - - -

9/19/2018 Advantage Therapy IM AC Holdings, Inc. Specialty Providers - - -

9/19/2018 Walter Barkey M D PLLC Chicago Pacific Capital LP, P innacle

Dermato logy LLC

Specialty Providers - - -

9/19/2018 Traditions Senior Living LLC Vitality Senior Living LLC Long Term & Behavioral

Care

- - -

9/18/2018 PanM ed US Corp. Zavation M edical Products LLC, Shareholders M edical Devices &

Products

- - -

9/18/2018 M &M Eye Institute PLC American Vision Partners Specialty Providers - - -

9/18/2018 Renz Addiction Counseling Center Ecker Center for M ental Health, Inc. Long Term & Behavioral

Care

- - -

9/18/2018 Coastal M ed-Tech, Inc. Protech Home M edical Corp. M edical Devices &

Products

0.88 - -

9/17/2018 Retina Associates of New Jersey PA Quad-C M anagement, Inc. Specialty Providers - - -

9/17/2018 Carris Health LLC Avera M arshall Regional M edical Center General Providers - - -

9/17/2018 NeuM oDx M olecular, Inc. QIAGEN NV Provider Services 292.13 - -

9/14/2018 Gemini B io-Products, Inc. BelHealth Investment Partners LLC M edical Devices &

Products

- - -

9/14/2018 Preferred Family Healthcare, Inc. (Arkansas

Business)

Quapaw House, Inc. General Providers - - -

9/13/2018 Passport To Adaptive Living, Inc. DW Healthcare Partners, 360 Behavioral Health Long Term & Behavioral

Care

- - -

9/13/2018 Life of Purpose LLC Fulcrum Equity Partners, Inc. Long Term & Behavioral

Care

- - -

9/13/2018 Radiadyne LLC AngioDynamics, Inc. M edical Devices &

Products

74.80 - -

9/13/2018 The Treatment Center o f The Palm Beaches,

LLC

Advanced Recovery Systems LLC Long Term & Behavioral

Care

7.80 - -

9/12/2018 Reliant Pro Rehab LLC H.I.G. Capital LLC Long Term & Behavioral

Care

- - -

9/12/2018 NCH M anagement Systems, Inc. Evolent Health, Inc. Practice M anagement 226.10 - -

9/11/2018 Northwest M edical LLC Great Elm Capital Group, Inc. Provider Services - - -

9/11/2018 Sherbit Health, Inc. M edopad Ltd. Provider Services - - -

9/10/2018 FOCUS Laboratories, Inc. (FRESHKOTE) Eyevance Pharmaceuticals LLC M edical Devices &

Products

- - -

9/8/2018 Zitelli & Brodland PC Qualderm Partners LLC Specialty Providers - - -

9/7/2018 Bend Uro logy Associates LLC Summit M edical Group Oregon - Bend M emorial

Clinic

Specialty Providers - - -

9/7/2018 Walden Sierra, Inc. Clearview Capital LLC, Pyramid Healthcare, Inc. Long Term & Behavioral

Care

- - -

9/7/2018 Pemaco, Inc. Garreco LLC Dental Products &

Providers

- - -

9/6/2018 Kathy L. Amos, Audio logy Innerscope Hearing Technologies, Inc. Specialty Providers - - -

9/6/2018 Citylife Neighborhood Clinics (M edicare

Operations)

Oak Street Health LLC General Providers - - -

9/6/2018 Pipeline M edical Technologies, Inc. W. L. Gore & Associates, Inc. M edical Devices &

Products

- - -

9/6/2018 St. Gregory Retreat Centers LLC Summit Healthcare M anagement LLC, FFL

Partners LLC, Lee Equity Partners LLC

Long Term & Behavioral

Care

- - -

9/6/2018 Sandoz, Inc. (Dermato logy & Oral Solids

Business)

Aurobindo Pharma USA, Inc. Specialty Providers 1,000.00 - -

9/6/2018 Augmenix, Inc. Boston Scientific Corp. M edical Devices &

Products

600.00 51.72x -

9/6/2018 M edac Pharma, Inc. Pediapharm, Inc. Pharma Services 50.41 - -

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Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA9/6/2018 Amedica Corp (Spine Business) CTL M edical Corp. M edical Devices &

Products

10.00 - -

9/5/2018 OrthoBethesda Atlantic Street Capital M anagement LLC Specialty Providers - - -

9/5/2018 Adva Holdings LLC Summit Partners LP, Paradigm M anagement

Services LLC

Practice M anagement - - -

9/5/2018 Affiliated Dialysis Centers LLC Dialyze Direct LLC Specialty Providers - - -

9/5/2018 South Florida Gastroentero logy Associates PA Gastro Health LLC Specialty Providers - - -

9/5/2018 Brookpark Family Practice PC Evangelical Community Hospital General Providers - - -

9/4/2018 M ikart, Inc. Nautic Partners LLC Pharma Services - - -

9/4/2018 Pennsylvania Centre for Dermato logy LLC SDG M GM T Co. LLC Specialty Providers - - -

9/4/2018 SAVSU Technologies, Inc. BioLife Solutions, Inc. Provider Services 38.46 - -

9/4/2018 Angel's Instrumentation, Inc. Transcat, Inc. Provider Services 4.70 1.18x -

9/4/2018 Lake Erie Sedation Associates LLC CRH M edical Corp. Specialty Providers 4.18 - -

9/3/2018 Clinical Research Laboratories LLC Eurofins Scientific SE Provider Services - - -

9/3/2018 Herald, Inc. Persistent Systems, Inc. Provider Services 5.20 80.00x -

9/1/2018 North Cypress M edical Center (Texas) HCA Gulf Coast Division, C/HCA, Inc. Specialty Providers 148.00 - -

8/31/2018 CariCord, Inc. Celularity, Inc. Provider Services - - -

8/31/2018 Counseling Solutions of Chatsworth, LLC BayM ark Health Services, Inc. Long Term & Behavioral

Care

- - -

8/31/2018 Catalyst M edical Clinic, P.A. Twin Cities Orthopedics PA General Providers - - -

8/31/2018 Kindstar, Inc. Oak Hill Capital M anagement LLC, AccentCare,

Inc.

Long Term & Behavioral

Care

- - -

8/30/2018 K2M Group Holdings, Inc. Stryker Corp. M edical Devices &

Products

1,262.70 4.64x -

8/29/2018 Safe Haven USA Valeda Co. LLC M edical Devices &

Products

- - -

8/28/2018 Virginia Blood Services The American National Red Cross Provider Services - - -

8/28/2018 Cerebral Palsy of Tri-County, Inc. Community Support Services of M issouri Specialty Providers - - -

8/28/2018 Sun City Dermato logy PA CI Capital Partners LLC, Epiphany Dermato logy

PA

Specialty Providers - - -

8/27/2018 Adult & Child Therapy Services Family A lliance, Inc. Long Term & Behavioral

Care

- - -

8/27/2018 Cartiva, Inc. Wright M edical Group, Inc. M edical Devices &

Products

435.00 - -

8/27/2018 Hooper Holmes, Inc. Summit Health, Inc. Specialty Providers 45.00 - -

8/23/2018 Value Hearing LLC Innerscope Hearing Technologies, Inc. M edical Devices &

Products

- - -

8/22/2018 Typezero Technologies, Inc. DexCom, Inc. Practice M anagement - - -

8/21/2018 Primity B io, Inc. Caprion Biosciences, Inc., GHO Capital Partners

LLP

Provider Services - - -

8/21/2018 PARADISE Home Care, Inc. BelHealth Investment Partners LLC, Care

Advantage, Inc.

Long Term & Behavioral

Care

- - -

8/21/2018 A Hopeful Home LLC BelHealth Investment Partners LLC, Care

Advantage, Inc.

Long Term & Behavioral

Care

- - -

8/21/2018 Florida Eye M icrosurgical Institute, Inc. Shore Capital Partners LLC, EyeSouth Partners

LLC

Specialty Providers - - -

8/21/2018 Volunteers of America of Indiana, Inc. Volunteers of America of Greater Ohio, Inc. Long Term & Behavioral

Care

- - -

8/20/2018 Vical, Inc. (Dna Facility) ViroM ed Co., Ltd. Pharma Services - - -

8/20/2018 JSA Health Corp. Warburg Pincus LLC, Specialists On Call, Inc.,

Capital Royalty LP

Specialty Providers - - -

8/20/2018 Suncrest Hospice LLC (Colorado Operations) Webster Capital M anagement LLC, Bristo l

Hospice LLC

Specialty Providers - - -

8/17/2018 M ichael D Turck PC New M ainStream Capital, CORDENTAL Group Dental Products &

Providers

- - -

8/17/2018 Organogenesis, Inc. Avista Healthcare Public Acquisition Corp. M edical Devices &

Products

904.27 4.52x 0.00x

8/16/2018 Healing At Home Hospice By The Bay Long Term & Behavioral

Care

- - -

8/16/2018 SSM Health Care Corp. (2 Subsidiaries) The University o f M issouri Health Sciences

Center

General Providers - - -

Page 18: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA8/15/2018 Rosetta Genomics, Inc. (Laboratory Assets) Interpace Diagnostics Group, Inc. M edical Devices &

Products

- - -

8/15/2018 North Oakland Dermato logy PC Chicago Pacific Capital LP, P innacle

Dermato logy LLC

Specialty Providers - - -

8/15/2018 Surgical Specialties Corp. (US) Inc(Biosentry

Sealant)

AngioDynamics, Inc. M edical Devices &

Products

- - -

8/15/2018 Rose Radio logy Centers, Inc. Akumin, Inc. Provider Services 25.00 - -

8/13/2018 Sage Hospice LLC H.I.G. Ventures LLC, H.I.G. Growth Partners LLC Specialty Providers - - -

8/13/2018 M edwood Holdings LLC Bridges Fund M anagement Ltd., Shareholders Practice M anagement - - -

8/13/2018 Senior Dental Care LLC Serent Capital M anagement Co. LLC Dental Products &

Providers

- - -

8/13/2018 M arymount Greenhills Retirement Center Cadence Senior Living LLC Long Term & Behavioral

Care

- - -

8/13/2018 AAA Anesthesia Associates, Inc. PhyM ED M anagement LLC Specialty Providers - - -

8/10/2018 Helping Hand Home Health & Hospice, Inc. Simplura Health Group, OEP Capital Advisors

LP

Long Term & Behavioral

Care

- - -

8/9/2018 Precedent Health, Inc. SpecialtyCare, Inc. Practice M anagement - - -

8/9/2018 PaxVax, Inc. Emergent B ioSolutions, Inc. Pharma Services 270.00 - -

8/8/2018 Veniti, Inc. Boston Scientific Corp. M edical Devices &

Products

160.00 - -

8/7/2018 Astarte Bio logics, Inc. Key Bio logics LLC M edical Devices &

Products

- - -

8/6/2018 M ichigan Evaluation Group, Inc. Excellere Capital M anagement LLC,

CONSOLIDATED SERVICES GROUP INC

Provider Services - - -

8/6/2018 Duneland Dermato logy PC Pinnacle Dermato logy LLC Specialty Providers - - -

8/3/2018 M ontgomery & Riddle Eyecare LLC LLR Partners, Inc., Eye Health America LLC Specialty Providers - - -

8/3/2018 The Surgery & Laser Center At Professional Park

LLC

LLR Partners, Inc., Eye Health America LLC Specialty Providers - - -

8/3/2018 Allergan USA Inc (Acne & Dermatoses Five

Brands)

Almirall SA Pharma Services 650.00 - -

8/2/2018 Specialized M edical Services, Inc. Lincare Holdings, Inc. M edical Devices &

Products

- - -

8/2/2018 M D Now M edical Centers, Inc. Brentwood Associates General Providers - - -

8/2/2018 Integrity M edico legal Enterprises LLC Excellere Capital M anagement LLC,

CONSOLIDATED SERVICES GROUP INC

Provider Services - - -

8/2/2018 Nanolab Technologies, Inc. Eurofins Scientific SE Pharma Services - - -

8/2/2018 Emergency Physicians Integrated Care Carepoint Healthcare LLC General Providers - - -

8/2/2018 Watermark Retirement Communities, Inc. Keppel Corp. Ltd. Long Term & Behavioral

Care

154.58 - -

8/1/2018 Peachtree Hospice LLC Heart o f Hospice, LLC Specialty Providers - - -

8/1/2018 NuLook Dermato logy CI Capital Partners LLC, Epiphany Dermato logy

PA

Specialty Providers - - -

8/1/2018 M ecklenburg Eye Associates PA M etro lina Eye Associates PLLC Specialty Providers - - -

8/1/2018 Argus Radio logy Consultants LLC REAL Radio logy LLC Provider Services - - -

8/1/2018 Carrier Clinic, Inc. Hackensack M eridian Health, Inc. Long Term & Behavioral

Care

- - -

8/1/2018 Biotest US Corp. Grifo ls Shared Services North America, Inc. Pharma Services 286.00 - -

7/31/2018 Bring Care Home, Inc. Associated Home Care, Inc. Long Term & Behavioral

Care

- - -

7/31/2018 Home Health Foundation, Inc. Wellforce Health System Long Term & Behavioral

Care

- - -

7/31/2018 Correct Care Solutions LLC H.I.G. Capital LLC Long Term & Behavioral

Care

- - -

7/31/2018 Faxitron Bioptics LLC Hologic, Inc. M edical Devices &

Products

85.00 3.15x -

7/31/2018 Prime Alternative Treatment Care Consulting

LLC

Applied Inventions M anagement Corp. Practice M anagement 18.28 - -

7/31/2018 Direct Healthcare Services Inc. Carbon Health M edical Group, Inc. M edical Devices &

Products

10.00 - -

7/30/2018 Zarbee's, Inc. Johnson & Johnson Consumer, Inc. M edical Devices &

Products

- - -

Page 19: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA7/30/2018 SOFT Style LLC Norwest Equity Partners, Apothecary Products

LLC

M edical Devices &

Products

- - -

7/26/2018 Lake Washington Anesthesia, PLLC CRH M edical Corp. Specialty Providers 9.80 - -

7/25/2018 M illennium Adult Day Care (2 Adult Day Care

Centers)

Audax Private Equity, Senior Care Centers of

America, Inc.

Long Term & Behavioral

Care

- - -

7/25/2018 M EDcare Urgent Care Center - Anderson LLC Urgent Care Group LLC General Providers - - -

7/25/2018 Immunocept M edical Products LLC CytoPherx, Inc. M edical Devices &

Products

- - -

7/24/2018 Zavante Therapeutics, Inc. Nabriva Therapeutics Plc Pharma Services 124.89 - -

7/23/2018 LifePoint Health, Inc. Apollo Global M anagement LLC, RCCH Health

Partners

General Providers 5,303.14 - -

7/23/2018 Halo Pharmaceutical, Inc. Cambrex Corp. Pharma Services 425.00 - -

7/23/2018 Spear Pharmaceuticals, Inc. (Generic Efudex

Operations)

M ayne Pharma Group Ltd. M edical Devices &

Products

30.00 10.00x -

7/20/2018 Claret M edical, Inc. Boston Scientific Corp. M edical Devices &

Products

270.00 - -

7/19/2018 DentalCo Shareholders Dental Products &

Providers

- - -

7/19/2018 M edisystems Corp. B. Braun M elsungen AG, B. Braun M edical, Inc. M edical Devices &

Products

- - -

7/19/2018 P3 Dental-Welebir PC Gryphon Investors, Inc., Smile Brands Group, Inc. Dental Products &

Providers

- - -

7/19/2018 Parkview Community Hospital M edical Center AHM C Healthcare, Inc. General Providers - - -

7/19/2018 Hippocrates Direct Healthcare, Inc. China Infrastructure Construction Corp. Provider Services - - -

7/18/2018 Sparks Health System Baptist Health M edical Center Long Term & Behavioral

Care

- - -

7/18/2018 Family Recovery Specialists The Halifax Group LLC, Delphi Behavioral Health

Group LLC

Long Term & Behavioral

Care

- - -

7/18/2018 Nurse Assist LLC Tower Three Partners LLC M edical Devices &

Products

- - -

7/17/2018 Assisted Home Care Services RSC Healthcare LLC Long Term & Behavioral

Care

- - -

7/16/2018 Cosmedical Spa LLC Apollo M ed Innovations LLC Specialty Providers - - -

7/16/2018 Friends Retirement Concepts, Inc. Life Care Cos. LLC Long Term & Behavioral

Care

- - -

7/16/2018 J. M ichael M aloney, M .D., P.C. Epiphany Dermato logy PA Specialty Providers - - -

7/13/2018 Gerry Grossman Seminars LLC Triad Behavioral Health LLC Long Term & Behavioral

Care

- - -

7/13/2018 ReNu M edical, Inc. Arjo AB Provider Services - - -

7/13/2018 Optimal Health Services, Inc. Webster Capital M anagement LLC, Bristo l

Hospice LLC

Long Term & Behavioral

Care

- - -

7/13/2018 Lisbeth S. Bradley DDS PC New M ainStream Capital, CORDENTAL Group Dental Products &

Providers

- - -

7/12/2018 M idwest Fertility Specialists PC Windrose Health Investors LLC, Ovation Fertility Specialty Providers - - -

7/12/2018 AM PAC Fine Chemicals LLC SK Holdings Co., Ltd. Pharma Services 714.35 - -

7/11/2018 Smart Clinic LLC United Hospital District, Inc. Practice M anagement - - -

7/11/2018 Lakeland Healthcare, Inc. Spectrum Health System General Providers - - -

7/11/2018 Crescent Women's M edical Group, Inc. UC Health LLC Specialty Providers - - -

7/11/2018 Jackson Recovery Centers, Inc. Rosecrance Health Network Long Term & Behavioral

Care

- - -

7/11/2018 Premise Health Holding Corp. Province of Ontario , OM ERS Private Equity, Inc. General Providers - - -

7/10/2018 Compassionate Care At Home Guardian Angels Homecare LLC Long Term & Behavioral

Care

- - -

7/10/2018 ETHOS Health Communications, Inc. Precision M edicine Group, Inc. Practice M anagement - - -

7/10/2018 Inflexxion, Inc. Integrated Behavioral Health, Inc. M edical Devices &

Products

- - -

7/10/2018 ReCor M edical, Inc. Otsuka Holdings Co., Ltd. M edical Devices &

Products

576.10 - -

7/10/2018 Creative Connections, Inc. Civitas Solutions, Inc. Long Term & Behavioral

Care

2.90 0.50x -

7/9/2018 Optivia Biotechnology, Inc. BioreclamationIVT LLC Provider Services - - -

Page 20: Investment Banking & Securities Offered Through SDR ...€¦ · Wright Medical Group NV WMGI 3,405 27.22 22.6% 22.6% 88.5% NM 5.8% 4.4x 39.5x NM 3.4x 19.7x Market Stats Operating

Date Target B uyer (s ) SegmentAmount

($ in Mi l )

TEV/

Rev

TEV/

EB ITDA7/9/2018 TVA M edical, Inc. Becton, Dickinson & Co. M edical Devices &

Products

- - -

7/9/2018 Integrated Diagnostics, Inc. Biodesix, Inc. M edical Devices &

Products

- - -

7/9/2018 The Institute For The Advancement of

Behavioral Healthcare

HM P Communications Holdings LLC Long Term & Behavioral

Care

- - -

7/9/2018 Point Guard Partners Operations LLC iuvo Bioscience LLC Provider Services - - -

7/9/2018 Virginia Dermatology & Skin Cancer Center PLLC New M ainStream Capital, Anne Arundel

Dermatology M anagement LLC

Specialty Providers - - -

7/9/2018 Premier M edical PC Blackstone Corporate Private Equity, Team

Health Holdings, Inc.

Provider Services - - -

7/9/2018 The M edical & Surgical Clinic of Irving PA Baylor Scott & White Health LLC Specialty Providers - - -

7/9/2018 Bovie M edical Corp. (Electrosurgical Business) Roundtable Healthcare M anagement, Inc.,

Specialty Surgical Instrumentation, Inc.

M edical Devices &

Products

97.00 - -

7/9/2018 Sabra Health Care Reit, Inc. (Nursing Ops) Genesis Healthcare, Inc. Long Term & Behavioral

Care

81.40 - -

7/6/2018 M etabolic Programmatics, Inc. AHNP Precision Health LLC Provider Services - - -

7/6/2018 Total Care RX, Inc. Celerity Partners, Inc. Pharma Services - - -

7/6/2018 RetroVascular, Inc. Asahi Intecc USA, Inc. Provider Services 31.74 16.70x -

7/5/2018 Comprehensive Pain Specialists Bethany M edical Center General Providers - - -

7/5/2018 M icrochips Biotech, Inc. KeraNetics LLC, Stephens Capital Partners LLC M edical Devices &

Products

- - -

7/5/2018 Cryterion M edical, Inc. Boston Scientific Corp. Pharma Services 310.77 - -

7/3/2018 Juniper Pharmaceuticals, Inc. Catalent, Inc. Pharma Services 110.33 - -

7/2/2018 AXM Pharma, Inc. AS Industries Cameroon M edical Devices &

Products

- - -

7/2/2018 Bateman Community Living Elior Group SA Long Term & Behavioral

Care

- - -

7/2/2018 Internal M edicine Associates of Lee County, M D,

PA

M illennium Physician Group LLC Provider Services - - -

7/1/2018 Tulip Hill Recovery LLC M agnolia Ranch Recovery LLC Long Term & Behavioral

Care

- - -

7/1/2018 Insight Human Services, Inc. Daymark Recovery Services, Inc. Long Term & Behavioral

Care

- - -