Sarah Pringle
Veritas acquired API last July via $1.05 bln carveout of GE healthcare IT assets Sell-side adviser: Blair; buy-side adviser: Baird API during GE process fielded carveout bids >$300 mln Veritas Capital’s pending sale of API Healthcare to Clearlake Capital Group’s Symplr is valued between the high $200 million range and $300 million, according to two […]
EV implies Ebitda multiple >19x, topping recent sector trades Longstanding relationship between Compassion-First CEO and JAB CEO said to lay foundation for deal Quad-C formed vet chain in ’14 alongside CEO John Payne; PE shop typically makes equity investments in $35 – $125 mln range Quad-C Management appears poised to score a handsome return on […]
I’m back from a quick beach vacay in Tulum and, naturally, caught a bug on my travels back to the Northeast. It’s very possible I’m just in denial. I can still taste that octopus ceviche. Either way. Let’s get right to today’s healthcare rundown. Clearlake Capital’s Symplr said Wednesday it had agreed to buy API […]
Offers tools to collect patient payments, customize and manage surveys, consent forms, and more Investors: Hearst Health Ventures, PC Squared Founded in ’10 by Glants, Chatter founder Lanier Tonic Health, a Silicon Valley startup that helps healthcare providers collect payments and data from patients digitally and more efficiently, is evaluating a sale, Buyouts has learned. […]
Veritas inherited API through $1 bln-plus carve-out of GE healthcare IT assets in ’18 Logical buyers: Clearlake’s Symplr, Vista’s Allocate Software Veritas, amid recent completion of $5.7 bln athenahealth deal, combines platform with Virence Health, remaining former GE HCIT assets Veritas Capital is evaluating the sale of API Healthcare, one of three healthcare-technology businesses purchased […]
CD&R did not sell any shares in connection with Covetrus IPO CD&R has invested $100 mln in Vets First Choice Vets First Choice/Covetrus underscores CD&R partnership-strategy and firm’s increasing focus on growth-oriented end of market In connection with Friday’s public debut of Covetrus, Clayton, Dubilier & Rice’s stake in Vets First Choice is worth 4.8x its […]
Jon Santemma’s recently-launched Regal Healthcare Partners joins as co-investor Bill Yarbrough, former longstanding CEO of EmCare, takes the helm Combined company posts >$20 mln Ebitda Five months after Varsity Healthcare Partners recapitalized newly created Emergency Care Partners, the company is adding a new investor while it more than doubles in size through its marriage with […]
Caribou marks 3rd Resonetics deal in 12 months In April ’17, GTCR launched Regatta with industry vet Hance to seek medical-device opportunities Resonetics expanded in medtech hubs: Minneapolis, Israel Making good on its aggressive M&A strategy, GTCR’s Resonetics is quickly becoming a medical device contract manufacturing operation of scale. Resonetics this week bought Caribou Technologies, […]
Mercy bought Ensemble
Heaney was exec at Addus for ~31 years, left in ’16 Firm eyes platforms with $2 mln to $20 mln Ebitda Post was expected to score 6.5x on partial exit of Invo Getting behind healthcare’s continued shift to home-based care, Post Capital Partners teamed up with industry veteran Mark Heaney to source and invest in a […]