Leonard Green Acquires Prospect Medical

Leonard Green & Partners has taken Prospect Medical (NASDAQ: PZZ), a provider of healthcare and physician services, private in a deal valued at $363 million, including $158 million of assumed liabilities. The firm paid Prospect shareholders $8.50 in cash per share. The deal valued the company at approximately 6.2x EBITDA. LGP was legally advised by Latham & Watkins, while Prospect received legal counsel from TroyGould. The company's Special Committee was advised by UBS and Locke Lord Bissell & Liddell.