Sarah Pringle
PE firm formed Odyssey in partnership with CEO Kardenetz in ’15 Auction seen producing low-to-mid-teens multiple Also for sale: Frontenac’s Behavioral Health Odyssey Behavioral Health, the Nautic Partners-backed provider of mental health and addiction treatment, is on the auction block, four people familiar with the matter said. The Brentwood, Tennessee, behavioral-health company has turned to Moelis […]
Salveo Fund 1 targets $25 mln Eyes investments in ancillary services Regulatory environment grows friendlier As the legalized pot industry continues to see explosive growth, Salveo Capital is moving quickly to capture the one segment of the market it has deemed underserved. The less than two-year-old investment firm isn’t snapping up marijuana-dispensary chains or betting […]
Pamlico recapped Symplr in Nov. ’15 alongside existing investor, CapStreet Process likely to include broad range of strategics and sponsors Sources: price expectations around the ballpark of $600 mln Symplr, the private equity-backed provider of healthcare-credentialing software, is gearing up for a sale, five sources told Buyouts. William Blair has been engaged to advise the […]
Sell-side adviser: Nexus Health Capital Only existing investor in GI specialty is Audax, via ’16 recap of Gastro Health Process included potential opportunity to merge with Atlanta GI group Waud Capital is in talks to buy founder-run gastroenterology group Texas Digestive Disease Consultants, three sources familiar with the matter said. The anticipated transaction would conclude what […]
Arizona company led by CEO Peter Ax Digital pharmacy focused in women’s and men’s health Process follows Amazon buy of online pharmacy PillPack UpScript Health, whose online services help patients get their medications faster and easier, is headed to the auction block, Buyouts has learned. Berkery Noyes has been engaged to advise the Scottsdale, Arizona, […]
Startup provides fertility-prediction software, reproductive health tests Founded in 2009 by CEO Beim, Bandak Just below $60 mln in financing to date Celmatix, the health-tech startup that uses big data to improve reproductive medicine, is seeking a round of financing, Buyouts has learned. The women’s-health startup has turned to Jefferies for financial advice on the capital […]
Frontenac investment in BHG dates to ’11 Dallas provider operates >40 clinics to treat opioid addiction Other sponsors in the space: Webster, Warwick, Linden, Revelstoke, Housatonic Chicago’s Frontenac is bringing Behavioral Health Group to market about seven years into its investment in the opioid-treatment-network, according to three people familiar with the matter. Piper Jaffray has […]
Active sectors: tech, industrials, consumer products Tax-policy changes, tariff concern yet to weigh on PE Human capital top of mind in late stages of cycle The economy is proving resilient and sponsor-driven M&A shows no indication of a slowdown, as buyers prove willing to pay up for assets they believe in. “While we may be […]
Healthcare: 24% of total buyout value in Q2 vs 4% in Q1 Quarter’s largest deal was KKR’s $9.9B deal for Envision Announced PE-backed transactions in healthcare totaled $28B in Q2 A frothy market didn’t stop sponsors from putting huge sums to work in healthcare in Q2. In fact, dealmaking in the sector resurged in the […]
Led by Founder, Chairman and CEO Nestor Plana Previous investors: Oak Investment Partners, Mansa Capital ILS works with payers to help patients avoid costly hospital and ER visits Independent Living Systems, which brings customized meals to seniors in their homes and offers care-management services to keep patients out of the hospital, is pursuing a recapitalization, […]