Dallas based Transition Capital Partners ("TCP") is pleased to announce the sale of its portfolio company, Santé Pediatric Services, to Epic Health Services, a portfolio holding of Webster Capital of Waltham, MA.
TCP acquired Santé in 2009 in partnership with Enhanced Equity Funds of New York, Petra Capital Partners of Nashville and Eagle Private Capital of St. Louis. Under the day-to-day leadership of CEO Mike Fricke, the Company grew to become the largest provider of pediatric speech, physical and occupational therapy in the state of Texas. With 11 clinics covering 10 markets, 460 employees, and 2,600+ children under care, Santé perfectly complements Epic's multi-state pediatric health care business.
Says Kevyn DeMartino, TCP's Managing Director, "The acquisition, operation and sale of Santé was successful on several levels - first and foremost, from a company perspective it provides a continuity of care to the literally thousands of "in-need" children treated by Santé's therapists. Epic Health is a very well run and respected pediatric firm, and we feel extremely comfortable that Santé's young patients will receive the highest level of care going forward. From a partner perspective, we greatly valued both the business and personal experience with Enhanced and look forward to working with them in the future. Finally, the investment itself provided TCP's investors and partners with a solid return in what has become a very complex reimbursement environment."
Closing of the transaction occurred on December 19th of 2012.
About Transition Capital Partners
Transition Capital Partners ("TCP") is a 20 year old Dallas-based private equity firm investing in leveraged recapitalizations and management buyouts of well-managed, entrepreneurial, lower middle market service oriented businesses. TCP is particularly successful investing in high growth companies where additional management and strategic resources are required by the existing ownership group. We typically provide the entrepreneur an opportunity to gain liquidity, while maintaining a significant stake in the business for future upside, and if desired, a reduced management role. For more information about Transition Capital Partners, please visit www.tcplp.com or contact Jason Faucett at (214) 978-3812 or jason@tcplp.com.