Wolters Kluwer, ProVation Medical, healthcare, private equity, merger, M&A

Wolters Kluwer explores sale of ProVation health unit

Wolters Kluwer NV is exploring the sale of its health division, ProVation Medical, according to people with knowledge of the matter. The Netherlands information-services giant has hired Jefferies to advise on a process for the Minneapolis clinical-documentation-software business, the people said. ProVation generates north of $30 million of EBITDA, the people said. The process is […]

Kohlberg & Co, e+CancerCare, private equity, merger, M&A

Kohlberg & Co-backed e+CancerCare hits the auction block

E+CancerCare, the Kohlberg & Co-backed provider of outpatient cancer care centers, is weighing a sale, Buyouts has learned. Cain Brothers has been hired to run a sales process for the Nashville company, according to people with knowledge of the matter. The most likely outcome of the process is a sale to another sponsor, sources said. […]

Water Street Healthcare Partners, New Century Health, health care, private equity, merger, M&A

Water Street’s New Century Health seeks buyer

Water Street Healthcare Partners is exploring the sale of New Century Health, a provider of value-based care management programs for the oncology and cardiology specialties, Buyouts has learned. Healthcare investment bank Leerink Partners is providing financial advice to the benefit management company, two of four sources familiar with the matter said. New Century, Wellesley, Massachusetts, […]

Varsity Healthcare, Orthopaedic Institute, private equity

Varsity Healthcare nears deal for Orthopaedic Institute

Varsity Healthcare Partners is poised to be one of the first movers in the orthopedic-services segment as it nears a deal for the largest provider in the north central Florida region, Buyouts has learned The lower-middle-market PE firm is approaching the recapitalization of Orthopaedic Institute, a Gainesville, Florida, provider of orthopedic services and ancillary offerings, according […]

SEC, Jina Choi, private equity

Jina Choi: SEC to keep tabs on capital call facilities, co-investment disclosures

Co-investment and capital call facility disclosures will remain top of mind when it comes to private equity enforcement by the SEC, the regional director for the agency’s San Francisco office said Tuesday. The SEC’s Jina Choi, speaking at PartnerConnect West 2017, emphasized that the agency will maintain its independence under the Trump administration as it […]

private equity, Canada, M&A, mergers

Q3: GPs navigate high prices through relationships, buy-and-build strategies

Relationships and buy-and-build strategies remained key tactics in the third quarter among private equity groups eager to find and win good deals. By and large, experts characterized sponsor-driven activity as more of the same in Q3: record valuations, stiff competition and — nonetheless — highly motivated sponsors looking to deploy capital as the industry remains on […]

L Catterton, ClearChoice, dental, healthcare, merger, M&A, private equity

L Catterton-backed dental-implant company ClearChoice explores sale

L Catterton-backed dental-implant provider ClearChoice Holdings LLC is on the auction block, according to three sources familiar with the matter. The company is projecting EBITDA for 2017 north of $50 million, two of the sources said. ClearChoice is likely to trade for a mid- to high-double-digit multiple of EBITDA, one added. Goldman Sachs is financial […]

Ambulance, healthcare, REVA Inc, Angel Medflight, private equity, merger, M&A

Air-ambulance providers: REVA, Angel Medflight explore sales

Two jet air-ambulance companies are in the midst of sponsor-driven auctions. Beekman Group-backed REVA Inc is working with Harris Williams on a sales process, while Vistria Group-backed Angel Medflight is exploring a sale via Wells Fargo Securities, Buyouts has learned. REVA, the world’s largest dedicated provider of fixed-wing air-ambulance services, is projecting roughly $13 million of EBITDA in […]

Anthem Inc, Cigna, HealthSun, Summit Partners, Medicare, healthcare, private equity, merger, M&A

Anthem-Cigna breakup gives rise to Summit’s HealthSun sale

The crumbling of Anthem Inc’s megadeal with Cigna Corp largely set the stage for the sale of HealthSun, the south Florida Medicare Advantage health plan and medical center network backed by Summit Partners. Anthem, the country’s second largest health insurance company, said Wednesday it would buy HealthSun from a Summit-led investor group. The deal is Anthem’s first since the […]

Autism Learning Partners, healthcare, private equity, merger, M&A

PE-backed Autism Learning Partners said to be near sale

Autism Learning Partners is approaching a sale that sources expect will produce a big-ticket price for the provider of applied behavior analysis therapy for children with autism. ALP, backed by Great Point Partners, Jefferson River Capital and Scopia Capital Management, is receiving financial advice from Berkery Noyes & Co on the process, three of five sources […]


Bain’s Navicure, ZirMed unite to create RCM giant

As Boston’s Bain Capital has illustrated on more than one occasion in recent months, a strategic angle has proved a key element as it emerged as the victorious bidder for healthcare software-as-a-service company ZirMed. The recently announced marriage of Bain’s Navicure and ZirMed, backed by prominent VC firm Sequoia Capital, undoubtedly creates a threat to […]

Blue Wolf Capital Partners, Pharmaceutical Strategies Group, healthcare, pharmacy, prescriptions, private equity, mergers, M&A

Blue Wolf’s Pharmaceutical Strategies Group weighs sale

Blue Wolf Capital Partners is exploring the sale of Pharmaceutical Strategies Group, a provider of technology that helps companies manage drug spending, according to three sources familiar with the matter. Jefferies is financial adviser to the Plano, Texas, pharmacy-benefits consultant, Buyouts has learned. The process is in its early stages, sources said. As a hybrid healthcare IT […]

Urology Group,

Urology Group seeks private equity partner

Urology Group is poised to be among the next urologic-care providers to gain private equity backing in one of the latest physician specialty areas deemed ripe for consolidation. The Midwest-concentrated provider of treatment for urological and reproductive conditions has retained healthcare-focused Provident Healthcare Partners to advise on a sales process, Buyouts has learned. While physician-services […]

Riverside Co, G&H Orthodontics, dentistry, healthcare, private equity, merger, M&A

Riverside’s G&H Orthodontics braces for a sale

G&H Orthodontics, the Riverside Co-backed maker of brackets and bands for braces, is approaching a sale, according to three sources familiar with the matter. The anticipated deal for the Franklin, Indiana, orthodontic-supplies company will mark the conclusion of an auction conducted by Piper Jaffray, the sources said. Besides private equity, G&H was likely marketed to large […]

Michael Bernstein, Robert W. Baird & Co, private equity, healthcare, autism, substance abuse

Baird Capital brings global approach to small healthcare market

A global fund with a sweet spot in the lower middle market is a unique model that should bode well for Baird Capital as it pursues platforms in healthcare verticals like behavioral health, an executive of the firm said. Michael Bernstein, a partner of Robert W. Baird & Co’s private equity arm, said the firm […]

Vesey Street Capital Partners, Imedex, cancer, healthcare, private equity, merger, M&A, Susquehanna Growth Equity, HMP

Vesey Street said to make more than 10x on Imedex sale, first full exit

Vesey Street Capital Partners stands to make more than 10x its investment through the sale of Imedex, its first full exit, Buyouts has learned. Healthcare-services-focused Vesey sold Imedex just two years after buying the provider of medical education for oncologists. The buyer is HMP, a B2B healthcare-education and -events company backed by Susquehanna Growth Equity. The […]

Levine Leichtman Partners, healthcare, Capsa, Therapeutic Research Center, private equity, merger, M&A

Levine Leichtman to add healthcare companies Capsa and Therapeutic Research Center

Levine Leichtman Capital Partners is close to sealing a pair of new healthcare investments, pre-merger filings on the FTC website show. Beverly Hills, California-based LLCP is buying medical technology company Capsa Solutions LLC from Keystone Capital Inc through its Fund VI, according to a recently filed HSR early termination notice. Separately, LLCP through Fund V is acquiring […]