Heritage Group Mergers and Acquisitions Summary

Private Equity Firm Profile

Heritage Group’s most common sectors for investment arehealthcare services (73%) and internet software and services (10%) . The Firm’s most common investment types include growth capital (73%) and buyout (lbo, mbo, mbi) (10%). In total, Heritage Group has invested in 8 US states.

The Firm’s most common exit type is pipe (50%).

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M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity11
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 13

Heritage Group

Heritage Group

10 Burton Hills Blvd Suite 250,
Nashville, Tennessee 37215
United States
(615) 665-8220
www.heritagegroupusa.com
info@heritagegroupusa.com


Investment Criteria

Sectors of Interest: Healthcare Services, Life Science, Medical Products

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.8/yr) # 7 4 - - - - 11
Sell (0.2/yr) # 1 1 - - - - 2
  13

Most Recent M&A

Company Date Value Type
EQUUM Medical 2021-08-24 - Growth Capital
New York, New York · www.equummedical.com
Connections Health Solutions 2021-08-04 - Growth Capital
Phoenix, Arizona · www.connectionshs.com
Sharecare, Inc. 2021-06-29 - PIPE
Atlanta, Georgia · www.sharecare.com
AvaSure Holdings, Inc. 2021-05-20 - Growth Capital
Belmont, Michigan · www.avasure.com
Upward Health 2021-03-02 - Growth Capital
Hauppauge, New York · www.upwardhealth.com
Relode LLC 2017-11-13 - Growth Capital
Brentwood, Tennessee · www.relode.com
TwelveStone Health Partners 2017-06-20 - Growth Capital
Murfreesboro, Tennessee · www.12stonehealth.com
Medical Solutions LLC 2017-05-08 - Secondary Buyout
Omaha, Nebraska · www.medicalsolutions.com
Shearwater Health, Inc. 2016-01-08 - Growth Capital
Nashville, Tennessee · www.swhealth.com
Medical Solutions LLC 2015-09-02 - Recapitalization
Omaha, Nebraska · www.medicalsolutions.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services 8 (89%) - 8 (73%) -
Internet Software and Services - - 1 (9%) -
Software 1 (11%) - 1 (9%) -
Staffing - - 1 (9%) -
Total 9 - 11 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 9 (100%) - 11 (100%) -
  Tennessee 3 (33%) - 3 (27%) -
  New York 2 (22%) - 2 (18%) -
  Texas 1 (11%) - 1 (9%) -
  Michigan 1 (11%) - 1 (9%) -
  California 1 (11%) - 1 (9%) -
  Arizona 1 (11%) - 1 (9%) -
  Nebraska - - 1 (9%) -
  Georgia - - 1 (9%) -
Total 9 - 11 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 8 (89%) - 8 (73%) -
Buyout (LBO, MBO, MBI) 1 (11%) - 1 (9%) -
Recapitalization - - 1 (9%) -
Venture - - 1 (9%) -
Total 9 - 11 -

Exits by Deal Type

Type Total # Value
Secondary Sale 1 (50%) -
SPAC 1 (50%) -
Total 2 -

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Exited to
Investor(s)
100%
2 (100%)

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