TA Completes Triumph HealthCare Sale
TA Associates has completed its sale of Houston, Texas-based Triumph HealthCare, a long-term acute care hospitals operator, for around $570 million to RehabCare Group Inc. (NYSE: RHB). TA bought Triumph in 2004 in a leveraged deal that included $34.5 million in equity. It had already returned its investment several times over, via a pair of dividend recaps.
25 November 2009•2 mins read
