Sarah Pringle
Combined company nears $200 mln in pro forma Ebitda Sell-side adviser: Cain Brothers; Buy-side: Evercore; Financing: Credit SuisseWarburg’s CityMD bought Stat Health in ‘19 for almost $100 mln 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 […]
Blue River owns and operates 93 veterinary hopsitals in 23 states Adjusted Ebitda is north of $30 mln: sources Recent vet care deals have commanded Ebitda multiples in high teens to 20x Blue River PetCare, the Chicago-based operator of veterinary hospitals, is evaluating a sale, six sources told Buyouts. Bank of America Merrill Lynch is […]
Brentwood, Tenn., co’s run-rate Ebitda lies at ~$75 mln WindRose, formerly MTS Health Investors, backed myNEXUS in October 2014 Dividend recap comes after WindRose pulled UBS-run action 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. […]
Sell-side adviser: Aeris Partners Initial sales process shelved in November THL participated in 2018 auction 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 […]
Camden and NewSpring invested in company in Oct. ’18 Sell-side adviser: William Blair Baltimore CDMO projects >$200 mln in 2019 revenue Baltimore’s Camden Partners generated a multiple of invested capital of 31x on Paragon Bioservices through its recent sale to Catalent, according to a person with knowledge of the matter. Furthering its push into the […]
Follows Dassault’s $5.8 bln deal for Medidata Jefferies process aimed strictly at financial sponsors Nordic bought Orchid Orthopedic Solutions in January Marking its second U.S. healthcare investment of the year, Europe’s Nordic Capital is buying ArisGlobal in a deal valuing the drug-safety software company just south of $800 million, according to two sources familiar with […]
Deal said to command ~12x Ebitda multiple Los Angeles company encompasses 11 labs focused on reproductive health Ovation marks 2nd healthcare investment for MSCP following Clarity Software Morgan Stanley Capital Partners prevailed in the sales process for WindRose Health Investors’s Ovation Fertility, Buyouts has learned. The investment concludes what sources characterized as a robust sponsor-focused […]
Late night with Press Ganey: No Drama
Valuation suggests Ebitda multiple in high teens Sponsor trade preferred over strategic sale EQT bought Press Ganey in October 2016 Less than three years after scooping up Press Ganey in a $2.35 billion take-private transaction, EQT is exiting what represented the Swedish firm’s first-ever North America investment in a deal valued between $4.2 billion and […]
Valuation suggests ~15x Ebitda multiple Recurring revenue, customer stickiness and healthcare component contributed to big price tag Sell-side adviser: Lincoln International Kohlberg & Co prevailed in the sales process for Mason Wells’ Nelipak Healthcare Packaging, the highly sought after provider of healthcare thermoformed packaging, four sources told Buyouts. The anticipated transaction is valued at approximately $590 […]