Tag: David Inns
Best Buy to purchase GreatCall for $800 million
August 22, 2018Spencer Ives
SAN DIEGO—Chicago-based PE firm GTCR recently announced that it has signed a definitive agreement to sell GreatCall to Best Buy for cash consideration of $800 million.GreatCall provides connected health and personal emergency response services devices to more than 900,000 subscribers across the United States. The company will maintain its headquarters here, as well as its Care Centers in Carlsbad, Calif., and Reno, Nev.“It was a truly strategic deal for both the company and the buyer—both...
Private equity firm to acquire GreatCall
June 7, 2017Spencer Ives
CHICAGO—GTCR, a private equity firm based here, today announced that it has entered a definitive agreement to acquire GreatCall Inc, a large provider of PERS and cellular devices to seniors.
GTCR has some roots in the security space: GTCR bought Protection 1 in 2010 for $828 million, then sold the company to Apollo Management Group in 2015.
GreatCall has more than 800,000 subscribers across its cellular phone and PERS device business. The company operates its main monitoring center in Carlsbad,...