healthcare, private equity, medical, fundraising, Apax

Newly launched Grant Avenue, led by former Apax investor, looks to expand team

Buddy Gumina launched Grant Avenue Capital, a healthcare-focused PE firm, nearly two years after departing from Apax Partners as a senior investment professional. It’s unclear if Grant Avenue has or intends to raise a fund; however, a source close to the firm said it will typically look to invest between $25 million and $75 million in […]

Regal Healthcare, private equity, fundraising, healthcare

Regal Healthcare’s Fund II sets sights on $125 mln

Regal Healthcare Capital Partners is targeting $125 million for its sophomore fund after deploying its debut pool in just 14 months, according to a person with knowledge of the matter. The New York investor in lower-middle-market healthcare-services companies expects to hold a first close in about three months, the person said. Regal will raise at […]

healthcare, vision care, eye care, private equity, auction, M&A, medical

Amid Altas’ MyEyeDr auction, FFL to consider options for EyeCare Partners in months ahead

As the auction for the largest sponsor-backed optometry platform in the country, MyEyeDr, moves forward, the backers of EyeCare Partners intend to weigh strategic alternatives for the more medical-focused group later this year, sources told Buyouts. MyEyeDr, the national chain of optometry practices and retail shops backed by Altas Partners and Caisse de dépôt et placement […]


Avantor marks home run investment for New Mountain amid $3.8 bln public debut

New Mountain Capital’s investment in Avantor has so far produced a gross multiple of invested capital north of 7x, after the life-sciences-tools company went public in the largest healthcare IPO in history, according to people with knowledge of the situation. Avantor raised $3.8 billion in its trading debut on May 17, eclipsing hospital operator HCA’s $3.79 […]

healthcare, private equity, software, M&A, patient safety, compliance

TA-backed RLDatix buys iContracts in $200 mln-plus deal

Private equity-backed RLDatix agreed to acquire iContracts, extending its reach in the broader governance risk and compliance sector beyond patient-safety software. The acquisition assigns iContracts an enterprise value north of $200 million, according to a person familiar with the matter. For RLDatix, whose investor base includes TA Associates and Five Arrows Principal Investments, the transaction brings […]

private equity, venture capital, fertility treatment, healthcare, merger, m&a

In a changing society, PE finds growing opportunities in fertility

More women are postponing motherhood, same-sex marriage is growing increasingly common and healthcare investors have taken notice. Private equity professionals are getting educated on the fertility-services market as underlying demographic and cultural trends fuel demand for everything from in-vitro fertilization to the various diagnostic tests that support reproductive medicine. “Two-and-a-half years ago when we first […]

Carlyle Group, Steve Wise, healthcare, private equity, merger, M&A

Five Questions with Carlyle’s Steve Wise on healthcare investing

Steve Wise is a managing director and global head of healthcare at Carlyle. The veteran healthcare investor’s board memberships include PPD, HCR-Manor Care, Rede D’Or São Luiz SA and Ortho Clinical Diagnostics. How would you characterize Carlyle’s investment thought process in healthcare? How are you picking your spots in today’s high-priced environment? We like to say we’re part of the solution […]

healthcare, medical products, private equity, Metalmark, regenerative, biologics

Metalmark seeks buyer for device maker focused on tissue repair, Collagen Matrix

Metalmark Capital is evaluating the sale of Collagen Matrix, a medical-device company focused on tissue repair and regenerative medicine, according to four people familiar with the matter. Piper Jaffray and Robert W. Baird are conducting the sales process, some of the people said. The initial bid deadline was last week, two people said. The deal […]

healthcare, autism, private equity, M&A, behavioral health, ABA

Arsenal’s deal for Hopebridge valued at ~$255 mln

Arsenal Capital Partners’ all-cash purchase of a majority stake in Hopebridge assigns the Indianapolis autism treatment-services company an enterprise value of some $255 million, Buyouts has learned. Representing the latest in a flurry of deals in behavioral health, New York’s Arsenal said May 6 that it acquired Hopebridge. Terms weren’t disclosed. The deal comes less than 18 […]

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

Blue Wolf acquires Fox Rehabilitation after bank-run process stalled

Blue Wolf Capital Partners earlier this year acquired clinician-owned Fox Rehabilitation, a provider of in-home geriatric therapy services under Medicare Part B, according to people familiar with the matter. While a transaction was never formally announced, the deal closed in February, one of the people said. In connection with the transaction, Founder Tim Fox has […]

BlueMountain Capital, AdaptHealth, QMES, medical equipment, healthcare, private equity, recapitalization

BlueMountain recaps durable-medical-equipment company AdaptHealth, formerly QMES

BlueMountain Capital Management has led an about $250 million recapitalization of AdaptHealth, which distributes oxygen-therapy products and other durable medical equipment, according to people familiar with the matter. In connection with the recap, BlueMountain injected some $100 million into the Oaks, Pennsylvania, company, formerly QMES, the people said. CIT Group led a $425 million senior credit […]

Apax Partners, Acelity, healthcare, wound care, medical, private equity, 3M, merger, M&A, medtech

Apax to make more than 3x on Acelity

Apax Partners is poised to generate a more than 3x multiple of invested capital through the $6.7 billion sale of Acelity to 3M, according to a source familiar with the matter. The selling consortium also includes Canada Pension Plan Investment Board and Public Sector Pension Investment Board. The group acquired Acelity’s predecessor Kinetic Concepts Inc […]

General Atlantic, Blackstone, Justin Sunshine, private equity, healthcare

General Atlantic bulks up healthcare practice, poaches Blackstone’s Justin Sunshine

Healthcare investor Justin Sunshine is leaving Blackstone after about a decade at the global private equity firm, Buyouts has learned. Sunshine will join General Atlantic in the fall as a managing director, pursuing growth investments in healthcare, people familiar with the matter said. Sunshine will work under Robbert Vorhoff, who serves as managing director and […]

Blue Wolf Capital Partners, Macquarie Principal Finance, RHA Health Services, healthcare, disability, handicapped, merger, M&A, private equity

Blue Wolf, Macquarie approach deal for RHA Health

Blue Wolf Capital Partners and Macquarie Principal Finance are nearing a deal for RHA Health Services, according to people familiar with the matter. The pair signed a letter of intent to acquire RHA, the Asheville, North Carolina, provider of support services to those with intellectual and developmental disabilities, the people said. The transaction would conclude a […]