TSCP Buys Option 1 Nutrition Solutions
St. Louis (August 28, 2007) –Thompson Street Capital Partners today announced the recent acquisition of Option 1 Nutrition Holdings, LLC, of Phoenix. The deal is the second to be announced out of Thompson Street’s second fund, which was formed in February with $300 million. Financial terms of the Option 1 deal will not be disclosed.
Option 1 provides enteral therapy (feeding tube) products and services and oral nutrition supplements to home health patients in the Western and Southwestern regions of the U.S. The company has 72 employees located in Phoenix, Denver, Las Vegas and Seattle.
“Option 1 is a perfect match for our investment criteria. It is a market leader, has an excellent record of providing superior care for patients and has an experienced management team,” says Peter S. Finley, Thompson Street co-founder. “We look forward to providing additional resources to help the company achieve even greater goals.”
Founded in 1999, Option 1 has realized substantial growth, industry leading market share in Arizona and Colorado, and gains in Washington and Nevada. “We have grown very well in recent years and with Thompson Street’s experience with acquisitions in particular, we look forward to further expansion to care for more patients requiring nutritional support,” says Jim Wiley, Option 1 president, CEO and founder.