BOSTON, July 27, 2006 — Behrman Capital announced that it has sold portfolio company Tandem Health Care, Inc. to JER Partners and Formation Capital, LLC in a $620M transaction. Tandem Health Care is a provider of health care services that include short-term transitional care, long-term nursing care, Alzheimer's care, assisted living, rehabilitation, mobile diagnostic imaging, and pharmacy and hospice services. Behrman Capital invested in Tandem in 1998, and has since made additional equity investments to facilitate multiple acquisitions to supplement growth, enter new geographic markets and expand Tandem's product offering.
Goodwin Procter partner Andrew Weidhaas represented Behrman Capital in this matter.