Sarah Pringle
Brad Coppens is a managing director at One Equity Partners, where he helps lead the New York middle-market firm’s healthcare efforts. Coppens holds various board memberships, including at OEP-backed All Metro Health Care, which provides primarily nonmedical home-care services. How has the home health sector evolved in recent weeks? There continues to be meaningful change […]
LPs waive key-man provisions triggered in Fund II Fund II, a $465 mln fund, so far has produced 48 pct IRR Co-Founder Robert Martin passed away in September Limited partners in Excellere Partners’ second fund waived a key-man provision that was triggered by the recent death of Co-Founder Robert Martin, co-founder David Kessenich said. Kessenich, who is managing partner, described […]
Orthopaedic Institute one of first in segment to partner with PE Varsity mulls gastroenterology, women’s-health opportunities Currently investing out of Fund II, $300 mln fund Varsity Healthcare Partners’ longstanding thesis around the threat of obesity led it to a largely uncharted area for private equity: orthopedic services. If history repeats itself, more consolidation is poised to follow […]
TA Associates invested in MedRisk in 2016 Company provides workers compensation services in physical and occupational therapy areas MedRisk posts ~$85 mln EBITDA TA Associates’ MedRisk, which offers workers’ compensation cost-containment services in the physical and occupational therapy segment, is exploring a sale, according to three sources. Centerview Partners has been engaged to advise on the process, […]
Robert Martin co-founded Excellere in 2006 Denver firm spun out from KRG Third fund closed in 2015 Excellere Partners Co-Managing Partner David Kessenich is now the firm’s principal owner following the recent death of the Denver PE shop’s other co-founder, Robert A. Martin, a recent SEC filing shows. Martin, who co-founded the KRG Capital Partners spinout […]
JLL closed its seventh fund at $1 bln in April 2016 New York sponsor looks to invest early in underlooked themes Recent exits in pharma services: Patheon, BioClinica Daniel Agroskin is a managing director at JLL Partners, where he leads the New York private equity firm’s healthcare efforts and is a member of the management committee. […]
Company projects ~$20 mln 2017 EBITDA Co-founders wish to maintain minority investment Jefferies auction limited to PE buyers only A differentiated partnership approach with hospitals has done well for New Harbor Capital-backed PT Solutions, whose Jefferies-run auction has narrowed to a handful of private equity groups, according to people familiar with the matter. The physical-therapy company […]
ProService is Hawaii’s largest HR PEO firm Houlihan advised FFL; Lazard advised ProService CEO Ben Godsey will maintain minority stake San Francisco PE shop FFL Partners has acquired a majority stake in ProService Hawaii, the state’s largest human-resources-management firm, Buyouts has learned. President and CEO Ben Godsey will retain a minority stake in the business alongside other […]
Founded in ’12 by entrepreneur Michael Shea in partnership with Bolder Capital William Blair offers sell-side advice Company posts $40 mln-plus in EBITDA Bolder Healthcare Solutions, the healthcare-revenue-cycle-management firm backed by an Edgewater Funds affiliate, is up for sale, according to three sources. William Blair has been hired to advise on a process for the Bolder […]
Moelis, Credit Suisse offer sell-side advice Challenge: expected expiration of Zest patents Avista bought dental-attachment firm in ’13 from Jordan Co Avista Capital Partners is seeking a buyer for Zest Anchors, the maker of overdenture attachments the sponsor scooped up about four years ago, three sources said. Moelis and Credit Suisse are providing financial advice […]