Specialty vet hospital group Ethos nears deal with PE

Ethos Veterinary Health, the network of specialty veterinary hospitals, is exploring a sale, four people familiar with the matter sale. Western Reserve Partners, a unit of Citizens Capital, is offering financial advice to Ethos, three of the people said. The process is understood to be in its late stages and is expected to produce a […]

K1 Investment Management, PerfectServe, software, healthcare, communications, private equity, venture capital, merger, M&A

K1 scoops up healthcare-communications company PerfectServe

K1 Investment Management quietly purchased healthcare-communications company PerfectServe this year, Buyouts has learned. While the transaction has not been formally announced by the parties, it was noted in a financial release by venture-debt-finance company Hercules Capital. Two people had previously said PerfectServe was working with Piper Jaffray to explore a sale. The process was preempted by […]

Centers for Medicare & Medicaid Services, healthcare, private equity, Medicare, Medicaid

WindRose-backed myNEXUS taps adviser for sale

MyNEXUS, which works with payers to help coordinate and rein in the costs of home care, is gearing up for a sales process, four people familiar with the matter said. The WindRose Health Investors-backed company has retained UBS for financial advice, the people said. A sponsor-focused sales process is anticipated to formally launch this fall, […]


Varsity Healthcare Partners recaps newly created Emergency Care Partners

Varsity Healthcare Partners is making a push into emergency medicine by creating a new platform company: Emergency Care Partners. The Los Angeles PE firm completed a joint recapitalization and growth-capital partnership with the shareholders of Professional Emergency Medicine Management and Professional Emergency Physicians Associates. Varsity took a majority ownership position in connection with the transaction, while […]

L Catterton, PatientPoint, private equity, healthcare, advertising, media, merger, M&A

L Catterton’s PatientPoint hires advisers for sale process

PatientPoint, the fast-growing provider of point-of-care healthcare advertising and educational content, is gearing up for a sale, four people familiar with the matter told Buyouts. The L Catterton-backed company has engaged William Blair and PJ SOLOMON for financial advice, the people said. A sales process is poised to formally launch later this fall, one of […]

Onex Partners, BrightSpring Health, healthcare, Canada, private equity, merger, M&A

Onex weighs sale of ResCare, recently rebranded as BrightSpring

Onex Partners is exploring the potential sale of BrightSpring Health Services, which offers various home- and community-based care services to the nation’s most in-need populations, according to people familiar with the matter. The Louisville, Kentucky, company – which last month changed its name to BrightSpring from ResCare – has engaged Goldman Sachs and Guggenheim Partners for […]

Ravi Sachdev, Sarah Kim, CD&R,

CD&R takes on future of healthcare with partnership approach

Clayton, Dubilier & Rice’s partnership deal for Cardinal Health’s naviHealth underscores how a rapidly changing healthcare landscape is creating interesting opportunities for private equity. The New York firm in August completed its transaction with naviHealth, acquiring a 55 percent stake in the company, which aims to reduce the cost of post-acute healthcare. Cardinal, retaining its […]

Baird Capital, Robert W. Baird & Co,, Michael Bernstein, healthcare, private equity, merger, M&A

Baird Capital unleashes new effort in physician practice management

Baird Capital is relaxing its bias against physician practice management, and particularly within specialists like gastroenterology and allergy, an executive of the firm said. “It’s not unusual for private equity but it’s unusual for us,” said Michael Bernstein, who leads the healthcare efforts in the U.S. for Robert W. Baird & Co’s PE arm. The […]


Cinven exits Medpace in full, making 3.5x its money

Cinven has unloaded its remaining stake in Medpace 4 1/2 years into its initial investment, generating a 3.5x return, according to a source. The European private equity firm, following a series of previous sell downs, closed its final sell down of shares on Aug. 22, a Friday announcement said. The sell down was done at […]

private equity, DJO Global, Blackstone Group, healthcare, orthopedics, merger, m&a

DJO Global, Blackstone-backed orthopedic-rehab giant, weighs sale

Blackstone Group is evaluating the sale of DJO Global more than a decade after investing in the provider of everything from knee braces to reconstructive joint replacements, five sources said. DJO retained Goldman Sachs for financial advice, two of the sources said. The process is in its early stages, sources indicated. Given its size and […]

Thomas H. Lee Partners, private equity, SPAC, merger, m&a, Universal Hospital Services, healthcare, Scott Sperling

Behind THL’s SPAC-driven deal for Universal Hospital Services

Thomas H. Lee Partners’s purchase of Universal Hospital Services represents a new tack for the private equity firm, as the deal marks the first done through a blank-check company. “The evolution of the SPAC market is something that’s occurring quite rapidly,” said THL Co-President Scott Sperling. “You have moved away from single investors raising $50 […]

Reeve Waud, Waud Capital, private equity, healthcare

Five Questions with Waud Capital’s Reeve Waud

Reeve Waud is founder and managing partner of Waud Capital. The Chicago private equity firm makes control investments in middle-market companies in healthcare services and business/technology services. Waud is on the board of Acadia Healthcare, formerly a Waud portfolio company, and existing portfolio company Pilot Thomas Logistics. He sat down with Buyouts to talk about the […]

NexPhase Capital, Comprehensive Pharmacy Services, pharmacy, healthcare, hospitals, private equity, merger, M&A

NexPhase’s Comprehensive Pharmacy Services preps for sale

NexPhase Capital is gearing up to launch a sales process for Comprehensive Pharmacy Services, which helps hospital pharmacies drive down drug costs, Buyouts has learned. Harris Williams has been engaged to advise the Memphis company, people with knowledge of the process said. A process is expected to kick off post-Labor Day and encompass strategics and […]

ressey & Co, InnerChange, Housatonic Partners, private equity, mental health, healthcare, merger, M&A

Cressey exits behavioral-health company InnerChange

Cressey & Co has exited its investment InnerChange, a provider of residential mental-health treatment, Buyouts has learned. While the firm has not formally announced the transaction, the Chicago private equity firm no longer lists InnerChange as “current partnership” on its website. Sources said SunTrust was advising the behavioral-health company on a sales process earlier this year, placing […]