Private equity firm General Atlantic has finalized its acquisition of home-care provider Team Services Holding Inc. in a deal valued at approximately $3 billion, including debt, according to Bloomberg. The transaction, which had not been publicly announced at the time of signing, was completed last week, per Bloomberg. General Atlantic initially reached an agreement earlier this year to purchase Team Services from Alpine Investors, though the negotiations remained undisclosed until after closing. According to Bloomberg, the deal values the company at about 10 times its earnings before interest, taxes, depreciation, and amortization, reflecting strong investor appetite for traditional healthcare service providers.
Read the full article: General Atlantic Reportedly Completes $3B Acquisition of Team Services Holding //
Source: https://www.pymnts.com/cpi-posts/general-atlantic-completes-3-billion-acquisition-of-team-services-holding/