Goodwin’s Private Equity team represented Epic Health Services (Epic) and Webster Capital in the signing of a definitive agreement for Epic to be acquired by Bain Capital Private Equity. Financial terms of the private purchase from Webster Capital were not disclosed. The transaction is expected to close during the first quarter of 2017. Goodwin Private Equity also represented Webster Capital in its acquisition of Epic in August of 2010 and on an ongoing basis in a wide range of matters since then including 20 acquisitions.
Epic was founded in 2001 and has since become the leading national provider of pediatric skilled nursing, therapy, developmental services and home medical solutions, including enteral nutrition, respiratory, pharmacy and medical supplies. In 2016, Epic served and provided life-sustaining care to patients in 21 states, helping them and their families to thrive, not merely survive. 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.
Founded in 2003, Webster Capital is a private equity firm focused on branded consumer and healthcare services companies with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. At present, Webster has $600 million under management and is currently investing Fund III, a $400 million fund raised in 2014.
Kirkland & Ellis LLP served as legal counsel to Bain Capital Private Equity. For additional details on the transaction, please read the press release.