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About Us
KBL Healthcare Acquisition Corp. I
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Concord Health Group
KBL Healthcare Acquisition Corp. I Highlights |
| Description |
Regional developer, owner and operator of assisted living and long-term care facilities |
| Monetization event |
The Multicare Companies, a leading publicly-traded nursing home company, acquired Concord Health Group for $114 million or $7.35 per share in cash (equivalent to $12.25 per unit after accounting for a 3:1 warrant per share exchange) |
| Returns |
Public shareholders received a 2.0x return and 28.9% IRR from the offering date |
| August 16, 1994 |
KBL completed acquisition of Concord Health |
| March 28, 1994 |
KBL announced acquisition of Concord Health |
| April 1993 |
Initial public offering – raised $17.25 million in gross proceeds |
| KBL Healthcare Acquisition Corp. I.: Press Releases |
| 2/21/96 |
Multicare Completes Offer
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Link to release |
| 1/17/96 |
Multicare Agrees to Buy Concord Health Group |
Link to release |
| 8/16/94 |
KBL Healthcare Acquisition Corp. Completes Merger with Concord Services Corporation; Combined Company Named Concord Health Group
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Link to release |
| 8/12/94: |
KBL Healthcare Acquisition Corp. Stockholders Approve Merger with Concord Service Corporation; Combined Company Named Concord Health Group |
Link to release |
| 7/11/94 |
KBL Healthcare Acquisition Corp. Registration Statement Declared Effective
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Link to release |
| 3/28/94 |
KBL Healthcare Acquisition Corp. Executes Definitive Agreement to Merge with Concord Service Corporation |
Link to release |
Additional Investment Experience:
KBL Healthcare Acquisition Corp. III
380 Lexington Avenue, 31st Fl.
New York, NY 10168 |
Ph: (212) 319-5555
Fax: (212) 319-5591
Inquiries: inquiries@kblhealthcare.com |
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