UBS is advising on the auction that is now in the late stages, according to multiple sources. It’s not clear how much ABRY owns of Executive Health, except that it’s believed to be “a significant stake.” Executive Health’s management also owns a chunk.
[Update: We’re hearing that Executive Health has more than $100 million in EBITDA.]
Executive Health is a Newtown Square, Penn.-based provider of outsourcing services, including audit and risk management, to more than 900 hospitals. The company was founded in 1997. ABRY acquired a minority stake in 2007 from WestView Capital Partners, which had bought its own position just a year earlier.
ABRY had targeted medical outsourcing before. In April, the buyout shop acquired a stake in Automated Healthcare Solutions, which provides medical claims processing services to more than 900 U.S. physicians. Two years ago, the firm invested in Orion HealthCorp., which provides medical billing and practice management for hospitals and office-based physicians.
ABRY and Executive Health did not return requests for comment.