A Sale of Epic Scale

Challenge 

Epic Health Services was purchased by Webster Capital in August 2010, with Goodwin advising Webster on the purchase. In conjunction with the closing Goodwin became the company’s outside counsel. Since then, Epic Health Services has expanded into 21 states and widely broadened its services. During this period Goodwin helped Epic close 21 acquisitions as the company executed a classic healthcare services build up strategy and achieved scale. With this scale, the company and Goldman Sachs, its investment banker, were able to conduct a sale process that attracted most of the top players in private equity, both upper market and middle market.

Our Approach

When Epic Health Services and Webster Capital called on Goodwin’s Private Equity team for counsel in the very important exit event, Goodwin drafted a cross-office, cross-practice team to advise on everything from M&A, to antitrust, to tax, debt and intellectual property to insurance and more. The high-level of collaboration and cooperation among Goodwin attorneys and the stakeholders together with seamless collaboration with our longtime client and Goldman, and experience working with leading PE counsel across the table, led to a timely signing of the definitive agreement on an expedited basis for Epic to be acquired by Bain Capital Private Equity as part of a combined two-company consolidation.

The Outcome

By maintaining a focus on high quality care, extraordinary customer service and compliance, Epic continues to grow its best-in-class, pediatric continuum of care to serve even more patients across the United States. In 2016, the Epic team served and provided life-sustaining care to patients in 21 states, helping them and their families to thrive, not merely survive. “We thank the team at Webster Capital for helping us progress to where we are today, and we look forward to working with Bain Capital Private Equity to extend our continuum of care to serve even more patients and families with these vital services,” said Chris Roussos, president and CEO of Epic Health Services.