healthcare, private equity, payer services, medical, insurance

TPG snaps up New Mountain’s Convey Health

TPG Capital reached an agreement to acquire New Mountain Capital’s Convey Health Solutions, according to people familiar with the matter. The transaction for the healthcare payer services company is valued at around $750 million, the people said. New York’s New Mountain put Convey up for sale earlier this year, engaging Barclays Capital and Goldman Sachs […]

healthcare, technology, private equity, value-based care, medical, Medicare, Medicaid

CD&R’s Agilon Health considers IPO

Clayton, Dubilier & Rice is considering a potential initial public offering for Agilon Health, the healthcare technology company focused on supporting physicians’ shift away from fixed fees to a pay-for-performance model, according to people familiar with the matter. Long Beach, California-based Agilon could be worth somewhere between $3 billion and $4 billion in equity in […]

healthcare, insurance, employee benefits, private equity, primary care

Pareto Captive Services said to near deal with sponsor

Pareto Captive Services, which helps mitigate employee benefit costs for midsize businesses, is in the late stages of its sales process, according to people familiar with the matter. Triple Tree is providing financial advice to Philadelphia, Pennsylvania-based Pareto, the people said. The company is projecting 2019 pro forma Ebitda just south of $12 million on […]

healthcare, primary care, growth capital, value-based care, medical

VillageMD, primary care start-up, seeks $150 mln in funding

VillageMD, a Chicago primary-care group that helps its doctors transition to a valued-based reimbursement system, is seeking $150 million in a capital raise, according to people with knowledge of the situation. A narrow group of growth equity investors are expected to participate in the financing, one of the people said. Guggenheim Partners is advising VillageMD […]

autism, healthcare, medical, M&A, pediatric, private equity

Centria, Martis-backed autism-treatment provider, kicks off sales process

Centria Healthcare, one of the largest providers of applied behavioral analysis for autism-treatment in the country, is evaluating a sale, according to people familiar with the matter. Moelis is conducting the sales process for the Martis Capital– and Lorient Capital-backed company, the people said. First round bids for the Farmington Hills, Michigan, autism-treatment provider are […]

healthcare, medical, marketing, communications, private equity, healthcare

WindRose-backed Medical Knowledge Group taps adviser for future process

WindRose Health Investors is preparing to bring data-driven healthcare marketing firm Medical Knowledge Group back to market, according to four people familiar with the matter. The New York private equity firm has engaged Harris Williams for financial advice for an upcoming sales process, some of the people said. A formal process for New York-based Medical […]

healthcare, insurance, private equity, M&A, payer, technolgoy

Norwest Equity-backed GoHealth seeks buyer: sources

Rapidly-growing GoHealth, which helps consumers shop for healthcare insurance, is evaluating a sale, multiple people with knowledge of the situation told Buyouts. Chicago’s GoHealth, which received backing from Norwest Equity Partners about seven years ago, is being advised by William Blair, the people said. The process included strategics and financial sponsors and is in its […]

veterinary, medical, healthcare, private equity, animal health, hospitals

Partners Group wins Blue River PetCare auction in $440 mln-plus deal

Marking its second U.S. healthcare bet of the year, Partners Group is investing in Blue River PetCare in a deal valuing the Chicago veterinary hospital operator between $440 million and $500 million, people familiar with the matter said. Zug, Switzerland-based Partners Group said Tuesday it agreed to make a significant equity investment in Blue River. […]

healthcare, technology, healthtech,

Sale of Bain’s Waystar may wrap by end of July: sources

Final bids for Bain Capital’s Waystar are due in late July, with a transaction expected to be signed before the end of the month, according to people familiar with the matter. Current deal discussions value the healthcare technology giant between $2.7 billion and $3 billion, the people said. The process for Bain’s Waystar has narrowed […]

Holdings hands, married, couple, love, marriage

Marriage of Summit Medical and Warburg’s CityMD is first of its kind

In combining the New York metro area’s dominant urgent care chain with one of the largest independent multi-specialty groups in the country, Warburg Pincus is on a journey to develop the first integrated delivery of care network of its kind. Summit Medical Group said last week it would merge with Warburg-backed CityMD. Financial terms weren’t […]


Blue River PetCare mulls sale in hot veterinary sector

Blue River PetCare, the Chicago-based operator of veterinary hospitals, is evaluating a sale, six sources told Buyouts. Bank of America Merrill Lynch is offering financial advice to the independently held company, the sources said. Two of the sources said the auction is in its late stages, while a second said an agreement is expected to […]

healthcare, technology, payments, private equity, dividend, medical

WindRose sees ~15x return on myNexus amid dividend recap

WindRose Health Investors has so far made close to 15x its money on myNexus, which recently completed a dividend recapitalization, a source with knowledge of the matter said. The Brentwood, Tennessee, healthcare benefits management firm will distribute more than $200 million to investors as part of the deal, the source said. The dividend payment is […]

healthcare, technology, EMR, private equity, M&A, orthopedic

THL snaps up Francisco Partners’ Nextech for more than $500 mln

Francisco Partners’ Nextech has locked down a suitor in Thomas H. Lee Partners in a deal commanding an enterprise value north of $500 million, Buyouts has learned. Nextech officially announced the sale on June 26, following Buyouts’ report on June 19. But the company did not disclose the terms of the deal. The company, based […]