Livingstone Brings Home Strategic Buyer for Option 1

  • Sep 2015
  • Healthcare
  • M&A: Sell-Side
  • US

Livingstone, an international mid-market M&A and debt advisory firm, is pleased to announce the successful sale of Option 1 Healthcare Solutions (“Option 1”), a portfolio company of Thompson Street Capital Partners, to Epic Health Services (“Epic”). Epic, backed by Webster Capital, is the largest pediatric homecare company in the United States. Terms of the transaction were not disclosed.

Option 1 is the largest independent provider of in-home, enteral and oral nutrition therapy for medically-fragile children in the U.S. Headquartered in Chandler, Arizona, Option 1 serves over 6,000 patients, and has established a reputation for providing best-in-class care for its pediatric patient base.

“The acquisition of Option 1 allows Epic Health Services to broaden its services in the pediatric space beyond just skilled nursing,” said Livingstone Partner Jim Moskal, who also advised Option 1 on its sale to Thompson Street in 2007. “Having advised and followed Option 1 through various stages of its lifecycle, we believe that Epic is the ideal home for the Company to support its continued growth.”

“Livingstone’s knowledge of Option 1 and their extensive expertise in the home health sector were absolutely crucial in finding an outstanding outcome for all parties,” added Brian Kornmann, Director at Thompson Street.

The sale of Option 1 represents Livingstone’s fifth successful healthcare services transaction within the last 12 months.

Bryan Cave LLP and Polsinelli PC served as legal counsel to Option 1, and KPMG LLP provided accounting and tax diligence services to Option 1.

About Thompson Street Capital Partners
Thompson Street Capital Partners is a St. Louis-based private equity firm with a focus on investing in growing, profitable middle-market companies headquartered in North America. TSCP manages over $800mm in private equity and is currently investing its third fund. The firm partners with high-quality management teams to support growth—both organically and via acquisitions.

About Epic Health Services
Epic Health Services is the largest pediatric homecare company in the United States. The company offers pediatric skilled nursing, speech-language therapy, occupational therapy, physical therapy, medical nutrition therapy, and behavioral health and autism services for infants and children. Its adult care services include skilled nursing, personal care, behavioral health, and adult therapy. The company was founded in 2001 and is based in Dallas, TX.


Share this page

Key Transaction Team

Stay up to date with our Newsletter