CORE, Frazier Healthcare Partners, orthodpedics, senior citizen, private equity, merger, M&A

CORE, Frazier Healthcare-backed orthopedic group, readies for sale

CORE Institute, one of the first orthopedic care groups to attract private equity investment, is gearing up for a sales process, according to people familiar with the matter. Houlihan Lokey has been engaged to provide financial advice to the Phoenix company, people said. A formal process is expected to launch around the end of January […]

Webster Capital, Bristol Hospice, healthcare, private equity, merger, M&A

PE-backed Hospice Compassus taps adviser for upcoming sales process

Private equity-backed Hospice Compassus, one of the nation’s largest providers of hospice-care services, is prepping for a sales process, according to three people familiar with the matter. Jefferies has been engaged to provide financial advice to the Bay City, Michigan, company, which is jointly owned by Formation Capital and Audax Private Equity, two of the […]

Bain Capital, Double Impact Fund, healthcare, HealthDrive, senior citizens, merger, M&A

Bain Double Impact Fund doubles down on healthcare, adding HealthDrive

Echoing major themes supported by its large-cap fund, Bain Capital Double Impact is proving a devoted investor in healthcare providers serving some of the nation’s most vulnerable populations. Bain’s impact-investing arm said Jan. 3 that it acquired specialty physician services company HealthDrive from Riverside Partners. This follows the firm’s October formation of Arosa+LivHOME, a non-medical homecare company […]

Baymark Health Services, Webster Capital, opioid treatment, addiction, healthcare, private equity, merger, M&A

BayMark, Webster-backed opioid-treatment company, preps for sales process

BayMark Health Services, the nation’s largest network of clinics treating individuals suffering from opioid addiction, is gearing up for a sales process, Buyouts has learned. Webster Capital has enlisted Goldman Sachs to advise on a process for Lewisville, Texas-based BayMark, people familiar with the matter said. A formal auction is poised to launch in the […]

KKR. TPG, Veritas Capital, private equity, healthcare, mergers, M&A

KKR and Veritas support 2018’s largest healthcare PE deals

Private equity continued to fuel billions of dollars of healthcare deal flow in 2018, with KKR, Veritas Capital and TPG behind some of the year’s most sizable trades. AthenaHealth may have dominated headlines, but the biggest check went to physician-outsourcing giant Envision. KKR, continuing on its healthcare tear, claimed control of Envision in a $9.9 billion […]


WCAS, Linden, Cressey drive healthcare fundraising momentum in 2018

Led by three buyout firms, the healthcare private equity industry is on the brink of another record year of fundraising, according to Preqin. The healthcare private equity industry holds $199 billion in assets under management, including a record $56 billion in dry powder, the data provider said in a December report. Welsh, Carson, Anderson & […]


GP confidence high moving into 2019, even as markets flail

As 2019 approaches, indications of change are emerging in pockets of the private equity industry, but underlying industry dynamics ought to fuel a steady level of sponsor-led dealmaking for the foreseeable future. “It just feels like Groundhog Day continues, meaning the story is really the same,” said John Dickie, co-head of private equity USA at […]


Dialysis company American Renal seeks buyer

Dialysis-services provider American Renal Associates is evaluating a potential sale, according to people familiar with the matter. The Beverly, Massachusetts, public company engaged Guggenheim Partners for financial advice, the people said. The process is well underway, one of the people said. The process for ARA — the fourth-largest U.S. provider of dialysis services — comes as its […]

Carlyle Group, Nautic Partners, Odyssey Behavioral, mental health, healthcare, private equity, merger, M&A

Carlyle buys Nautic’s Odyssey Behavioral in $200 mln deal

Carlyle Group acquired Odyssey Behavioral Health from Nautic Partners in a deal valued at about $200 million, according to people familiar with the matter. The deal closed in mid-November and was done through Carlyle’s U.S. middle-market buyout group, one of the people said. The transaction has not been formally announced by the parties. Nautic, Providence, Rhode […]

U.S. Renal, Leonard Green, Frazier Healthcare,, healthcare, dialysis, merger, M&A, private equity

U.S. Renal, backed by Leonard Green, Frazier Healthcare, explores sale

U.S. Renal Care, the third-largest U.S. provider of dialysis services, is evaluating a sale, according to people familiar with the matter. The company’s investor group, which includes Leonard Green & Partners, Frazier Healthcare Partners, New Enterprise Associates, Cressey & Co and SV Health Investors, has engaged Goldman Sachs for financial advice on a process, the […]

BrightSpring, Pharmerica, KKR, healthcare, senior citizens, private equity, merger, M&A

BrightSpring’s marriage with KKR’s PharMerica said to command $1.3-bln-plus valuation

Onex Partners concluded its sales process for BrightSpring Health Services, agreeing to combine with KKR-backed pharmacy-services provider PharMerica. Terms weren’t disclosed, but the deal commanded a 9x to 9.5x multiple of Ebitda, a source familiar with the matter said. The Louisville, Kentucky, company, formerly known as ResCare, is projecting 2018 Ebitda of $145 million to $150 […]


Houston’s Kelsey-Seybold taps adviser to consider strategic options

Kelsey-Seybold Clinic, a for-profit integrated healthcare organization in the greater Houston area, hired an adviser to weigh strategic alternatives in the coming year, Buyouts has learned. Evercore has been engaged to provide financial advice to the Pearland, Texas, medical group, sources familiar with the matter said. Kelsey-Seybold will consider a vast range of strategic options, […]

AeroCare, oxygen therapy, healthcare, private equity, merger, M&A

PE-backed AeroCare, oxygen-therapy DME, taps adviser for sale

AeroCare, a private equity-backed provider of home respiratory therapy products and services, is gearing up for a sales process, according to three sources. Triple Tree has been engaged to advise the Orlando, Florida, durable medical equipment company, two of the sources said. A formal sales process is poised to launch in 2019, they said. AeroCare […]