Case Studies

Providing Key Regulatory Advice During the Sale of Veterinary Hospitals

Epstein Becker Green’s client Quad-C Management, Inc. (“Quad-C”), a leading middle-market private equity fund, and JAB Holding, the investment arm of the Reimann family, signed a definitive agreement under which Quad-C sold its stake in Compassion-First Pet Hospitals (“Compassion-First”), a family of well-known and respected specialty, emergency, and general practice veterinary hospitals across the United States, to JAB, based on a total enterprise valuation of $1.215 billion. The deal closed on April 1, 2019.  Epstein Becker Green has been instrumental in Compassion-First’s growth and provided key regulatory advice during Quad-C’s exit.

Epstein Becker Green has represented Quad-C and Compassion-First since Quad-C first acquired the multiple veterinary practices that would become known as “VSNA” (now Compassion-First) approximately five years ago. We provided regulatory advice on the structuring of the new, combined entity for the existing practices and supplied health regulatory support (including diligence and entity structuring advice) on a continuous basis as Compassion-First grew over multiple acquisitions.

This agreement is a clear win for Quad-C, and a deal that highlights what a long-term strategic partnership with Epstein Becker Green can look like. 

For additional details, please see the Business Wire article.

The Epstein Becker Green team included Mark Lutes, Lenny Lipsky, Josh Freemire, Ali Wolf, Paulina Grabczak, Clay Lee, and Elizabeth Scarola.

Epstein Becker Green Represents Health Insurer in Sale of Its Nonmedical Home Care and Private Duty Services Subsidiary

Epstein Becker Green represented Fallon Health in connection with the sale of its subsidiary, Home Staff, to Associated Home Care, an affiliate of Amedisys, for an undisclosed amount. Home Staff provides nonmedical home care and private duty services through home health aides who do not hold professional licenses. Amedisys, one of the nation’s leading home health care and hospice companies, is looking to the Home Staff acquisition to enhance Amedisys’s presence and staffing capabilities in the Massachusetts area.

Epstein Becker Green advised Fallon Health over a fairly lengthy period—stretching from the auction process to closing—on a wide ranges of issues, including the definitive purchase agreement, governance matters, and the execution of the closing itself.

The Epstein Becker Green transaction team consisted of Mark Mosby, Kathy Lofft, Carly Hoinacki, John Barry, Lindsay Borgeson, Michelle Capezza, Jeff Kramer, Cassandra Labbees, Marc Mandelman, Conor Murphy, Steve Ruskin, Susan Gross Sholinsky, Trish Wagner, Pat Wheeler, and Ali Wolf. The Epstein Becker Green investigation team consisted of George Breen, Stuart Gerson, Jon Hoerner, Tom Hutchinson, and Theresa Thompson.