North Castle Makes Atkins Tastier and Gets 5X Return

Today, I was shocked by the following deal news: North Castle Partners has sold Atkins Nutritional Holdings to Roark Capital. Was this the same Atkins that nearly took down Parthenon Capital several years ago? Wasn’t North Castle widely ridiculed for buying Atkins? Yes and yes. But North Castle is making a 5x return on their […]

Parthenon Capital Backs The Coding Source

The Coding Source LLC, a Los Angeles-based provider of clinical coding, audit and compliances services to health plans and healthcare providers, has secured an undisclosed amount of growth equity funding from Parthenon Capital.

TH Lee Buying Intermedix from Parthenon

Parthenon Capital looks ready to sell Intermedix Corp., a provider of billing and other business process solutions to emergency services providers. An FTC alert suggests that the buyer would be fellow buyout firm THL Partners, although no pricing details were disclosed. Such FTC reports typically mean that the buyer and seller have an agreement in […]

Triad Isotopes Buys Radiopharmacies from Covidien

Covidien (NYSE: COV) has sold its U.S. radiopharmacy network to Triad Isotopes Inc., an Orlando, Fla.-based provider of radiopharmaceuticals that are used for both diagnostic imaging procedures and disease treatment. No financial terms were disclosed. Triad Isotopes is a portfolio company of Parthenon Capital.

Parthenon Capital Backs Loan Depot

LoanDepot, an Irvine, Calif.-based online provider of consumer direct mortgage origination, has raised an undisclosed amount of growth equity funding from Parthenon Capital Partners. Company CEO Anthony Hsieh co-invested alongside Parthenon.

Seaside National Bank Raises Over $40 Million

Seaside National Bank & Trust, an Orlando, Fla.-based commercial bank, has raised over $40 million in private equity funding. Lovell Minnick Partners, Parthenon Capital and Continental Investors each invested $15 million, and were joined by existing shareholders.

Intermedix Buys HRA Medical Management

Intermedix Corp., provider of billing services to emergency medical service providers in Texas, has acquired HRA Medical Management Inc., a San Diego-based provider of emergency physician and hospitalist billing services to medical practice groups. No financial terms were disclosed. Intermedix is a portfolio company of Parthenon Capital.

Health Club Media Network Adds On

Health Club Media Network, a Los Angeles-based provider of advertising and marketing opportunities to national brands through US health clubs, has acquired Alloy Fitness Network from Alloy Media + Marketing. No pricing terms were disclosed for the deal, which includes an up-front cash payment and possible earn-outs. HCMN is a portfolio company of Parthenon Capital.

Intermedix Adds On

Intermedix Corp., provider of billing services to emergency medical service providers in Texas, has acquired Alexander Billing and Consulting, a San Antonio-based provider of EMS billing services. No financial terms were disclosed. Intermedix is a portfolio company of Parthenon Capital.

AmWINS Bulks Up

AmWINS Group Inc., a Charlotte, N.C.-based wholesale distributor of specialty insurance products and services, has acquired National Insurance Wholesalers, an insurance wholesaler of medical stop-loss insurance for self-insured companies, from Clark & Wamberg LLC. No financial terms were disclosed. AmWINS is a portfolio company of Parthenon Capital.

AmWins Bulks Up

AmWINS Group Inc., a Charlotte, N.C.-based wholesale distributor of specialty insurance products and services, has acquired three medical stoploss wholesalers. No financial terms were disclosed. AmWINS is a portfolio company of Parthenon Capital.

Ascension Insurance Adds On

Ascension Insurance Inc., a Kansas City-based insurance and employee benefits agency focused on mid-market companies nationwide, has acquired the Dennis Bartlett agency, a Ft. Lauderdale, Fla.-based firm focused on medical malpractice. No financial terms were disclosed. Ascension Insurance is a portfolio company of Parthenon Capital and Century Capital Management.

ABEO Buys Pasadena Billing Associates

ABEO Inc., a provider of anesthesia-specific revenue cycle management services, has acquired Pasadena Billing Associates, a provider of medical billing and practice management companies in California. No financial terms were disclosed. ABEO is a portfolio company of Parthenon Capital.

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