Dental Claim Form and Various Dental Instruments. Photo courtesy webking/iStock/Getty Images

PE-backed Dental Health Options braces for a sale

Dental Health Options, a private equity-backed dental-insurance provider, is working with Cain Brothers to explore a sale, four sources familiar with the matter said. The Hammond, Kennedy, Whitney-backed company is projected to generate adjusted EBITDA of almost $9 million on close to $64 million of revenue in 2017, two sources said. In comparison, Dental Health […]

H.I.G., Bristol Hospice, private equity, merger, M&A

H.I.G., fellow sponsors, compete for Bristol Hospice

Three financial buyers are vying for Bristol Hospice in the late innings of its sales process, Buyouts has learned. Finalists for the hospice-care-services provider include H.I.G. Capital, another sponsor and a PE-backed platform, one of three sources familiar with the situation said. Edge Healthcare Partners is offering financial advice to Bristol, a subsidiary of closely […]

Primus Capital, healthcare, Medhost, private equity, merger, M&A

Primus seeks buyer for healthcare IT firm Medhost

Primus Capital is looking to exit its nearly decade-long investment in MedHost, the provider of healthcare information management systems and patient engagement services, four sources familiar with the matter told Buyouts. William Blair scored the mandate to advise on a process for the Franklin, Tennessee, company, three of the sources said. MedHost generates EBITDA in […]

MidOcean Partners, Affinity Dental Management Holdings, Craig Saltzman, private equity, merger, M&A

MidOcean takes majority stake in New England dental-services organization

MidOcean Partners acquired a majority stake in newly created dental-services organization Affinity Dental Management Holdings. The deal is being done in partnership with management of the New England-focused group, as well as certain founders of affiliated practices. Craig Saltzman, founder of Western Mass Endodontics, a provider of specialty and general dentistry services across the Northeast, will […]

Francisco Partners, private equity, Therapeutic Research Center, merger, M&A

Francisco Partners said to explore sale of Therapeutic Research Center

Francisco Partners is seeking a buyer for Therapeutic Research Center, a provider of evidence-based drug-therapy information that helps doctors stay informed and make decisions when treating patients, four sources told Buyouts. The sellers have retained William Blair to advise on the sales process, two of the sources said. Technology-focused private equity group Francisco completed its “strategic […]

Jordan Health Services, Palladium Equity Partners, healthcare, private equity, merger, M&A

Palladium to try to sell Jordan Health for the third time

Having nearly sealed a deal a year ago to sell Jordan Health Services, Palladium Equity Partners is gearing up to take the home-care and hospice provider back to market for a third time, Buyouts has learned. The firm has not selected a financial adviser to conduct a sales process for the Texas company, but it’s […]

Clearview Capital, St. Croix Hospice, Cain Brothers, Triple Tree, private equity, merger, M&A, healthcare

Clearview’s St. Croix Hospice fields first-round bids

First-round bids for Clearview Capital’s St. Croix Hospice are due this week, according to two sources familiar with the matter. Healthcare-focused investment bank Cain Brothers is lead financial adviser on the sales process for the Midwest-concentrated provider of hospice-care services, while healthcare boutique advisory firm Triple Tree is co-advising, Buyouts has learned. The process for […]

Audax Private Equity, Altasciences Clinical Research, Kilmer Capital, private equity, merger, M&A

Kilmer’s Altasciences said to fetch 8.5x multiple

Audax Private Equity prevailed in the auction for Altasciences Clinical Research, one of the largest independent providers of services that support early-phase drug development for biotech and pharma companies. The seller is Toronto sponsor Kilmer Capital, which took its initial majority stake in Algorithme Pharma in 2007. The company bulked up in May 2013 through its acquisition […]

Premier Home Health, JP Morgan, healthcare, private equity, merger, m&a

Premier Home Health enlists JPMorgan for sale

Premier Home Health Care Services Inc, the New York-concentrated provider of primarily non-medical senior-home-care services, is exploring a sale, according to four sources familiar with the matter. JP Morgan Securities is financial adviser to the White Plains, New York, home-care company, the sources said. Premier is being marketed to sponsors and strategics, two of the […]

MedXM, private equity, merger, M&A, healthcare

MedXM, health-risk-assessment firm, seeks PE partner

MedXM, the provider of in-home health assessments used to bill Medicare, is seeking a private equity partner, according to four sources familiar with the matter. JMP Securities is conducting the sponsor-focused sales process for the founder-owned company, the sources said. Second-round bids for MedXM are due the third week of June, one source said. MedXM […]

Healthcare, private equity, Warburg Pincus, Jefferies, Harvest Partners, Pamplona Capital

Healthcare: GPs avoid auctions, sellers sharpen processes

As capital continues to flood into the healthcare market, traditional PE buyers are increasingly looking for ways to preempt formal auctions while sellers are opting for more focused processes, sponsors said at the Jefferies 2017 Healthcare Conference. More family offices, European funds, LP direct investments and consumer-focused investors are contributing to what has become a hypercompetitive […]

Carlyle, GTCR, Albany Molecular, private equity, merger, M&A, healthcare

Carlyle, GTCR bet on Albany Molecular, further validating CRO market

Another pair of bulge-bracket sponsors are injecting capital into clinical-trial services, underscoring interest in a segment that has seen a strong flow of dealmaking in recent years. Carlyle Group and GTCR teamed up to acquire Albany Molecular Research, a global contract research and management company serving the pharma and biotech industries. The investors agreed to […]

Bain Capital Ventures, private equity, merger, M&A, healthcare, Medicare, Medicaid, Tom Price, HHS

Bain-backed ‘episodes of care’ firm Remedy Partners explores sale

The continued transition toward value-based care bodes well for Remedy Partners, the VC-backed company currently exploring a sale, four people familiar with the matter said. The Bain Capital Ventures-backed “episodes of care” company has turned to JPMorgan Securities for financial advice, said three of the sources. The Darien, Connecticut, company could be either a sponsor […]

TPG Capital, Nehal Raj, Mediware, Kinnser, software, healthcare, private equity, merger, M&A

How TPG’s Mediware won the Kinnser deal

TPG Capital’s bold effort to ensure a clear victory for home-health-software company Kinnser underscores the importance of buyer differentiation in today’s competitive healthcare market. Preempting what was expected to produce a robust sales process among sponsors, TPG struck a deal to buy Kinnser through Mediware Information Systems. It was only in February that TPG completed […]

Goldman Sachs, California Skin Institute, private equity, merger, M&A, healthcare

Goldman is said to invest in California Skin Institute

Goldman Sachs has invested in California Skin Institute, the state’s largest dermatology practice, four sources told Buyouts. The investment is understood to have come from the private capital investing unit of Goldman’s Special Situation Group, said three of the sources. While the size of the investment is uncertain, Goldman’s private capital investment platform offers junior […]

Ophthalmology, medicine, healthcare, PE, Varsity Healthcare Partners, EyeCare Services Partners

Varsity’s ESP sale affirms PE’s appetite for ophthalmology

The high premium commanded in the latest vision-care deal underscores private equity’s continued interest in a sector where assets of scale remain hard to come by. Varsity Healthcare Partners this week unveiled the sale of a majority stake in EyeCare Services Partners, the ophthalmic-services provider it acquired just three years earlier. The buyer is New York […]

Health Evolution Partners, CenseoHealth, private equity, merger, M&A

Health Evolution Partners-backed CenseoHealth returns to the market

Health Evolution Partners, the healthcare fund run by a former George W. Bush administration official, is looking to exit its investment in CenseoHealth, three sources told Buyouts. Goldman Sachs is serving as financial adviser to the provider of in-home physician-conducted health assessments, the sources said. The Dallas company generates EBITDA in the ballpark of $40 million, […]

Summit Partners, Ability Network, private equity, merger, M&A

Auction for Summit Partners-backed Ability Network busts

The JP Morgan Securities-run process for Summit Partners’ Ability Network fizzled after bids failed to meet valuation expectations, three sources familiar with the matter told Buyouts. At least one offer south of $1 billion was turned down, the sources said. One of these sources and a fourth said Summit’s Ability Network had hoped to fetch […]