| Industry: |
Healthcare |
| Investment date: |
February 2005 |
| Acquired by: |
Onex Partners I |
| Investment: |
$214 million(1) /
$80 million from Onex |
| Status: |
Realized |
| Final realization: |
May 2011 |
Value realized:
|
$1.66 billion /
$639 million by Onex |
| Gross IRR: |
47% |
| Head office: |
Greenwood Village, Colorado |
| Annual revenues (2010): |
US$2.9 billion |
(1) Includes co-investment from certain limited partners of Onex Partners I.
At the time of acquisitoin, Emergency Medical Services Corporation ("EMSC") was a leading provider of emergency medical services in the United States, serving more than 14 million patients each year. The company operated under the recognized brands of American Medical Response ("AMR") and EmCare.
On May 25, 2011 Onex announced it had completed the sale of EMSC for $64 in cash for each share. The Onex Partners I group received proceeds of $1.66 billion. This results in a multiple of invested capital of approximately 8 times and an IRR of 47%. Onex’ portion of these proceeds is $639 million including $51 million in carried interest.