Brian Fortune, Farragut Square Group, private equity, medtech, medical equipment, healthcare

Durable medical equipment: once shunned, now new opportunity for PE

Durable medical equipment for years has been tainted in investors’ eyes, but perceptions are now changing for suppliers of everything from insulin pumps to oxygen equipment. And that could mean lucrative opportunities for investors. In the broader healthcare universe, funds have had no problem identifying promising segments of growth – whether that’s autism-treatment or outsourced […]

Riordan, Lewis & Haden, Avella Specialty Pharmacy, UnitedHealth Group, Drugs, medicine, pharmacy, private equity, merger, M&A,

Riordan, Lewis & Haden’s sale of Avella fetches about $325 mln

Riordan, Lewis & Haden’s sale of Avella Specialty Pharmacy commanded an about $325 million valuation, two sources told Buyouts. The buyer is UnitedHealth Group, which quietly bought the specialty pharmacy company through the OptumRx segment of its Optum subsidiary. The transaction was disclosed in the health insurer’s third-quarter earnings release Oct. 16 and comes about eight […]

Eagles Landing Family Practice, healthcare, medical, private equity, merger, M&A

Sponsors circle Eagles Landing Family Practice

Atlanta medical group Eagles Landing Family Practice is exploring a sale, according to three sources familiar with the matter. SunTrust Robinson Humphrey is providing financial advice to Eagles Landing, Buyouts has learned. The auction is understood to have commanded significant interest from the private equity community, with three PE groups still in the running, two of […]

MBF Healthcare, Vicki Kroviak, Acorn Health, private equity, healthcare, autism merger, M&A

MBF Healthcare, Kroviak get behind autism-treatment via newly launched Acorn Health

MBF Healthcare Partners, through one of three deals unveiled this week, is the latest sponsor to take a piece of the evolving autism-treatment market. The healthcare-focused private equity firm teamed up with Vicki Kroviak, most recently CEO of eating disorder-treatment network Monte Nido, to form Acorn Health through two acquisitions. The new platform provides applied […]

PhysIOL, TA Associates, private equity, healthcare, merger, M&A, ophthalmology

TA-backed PhysIOL explores sale

PhysIOL, the TA Associates-backed provider of artificial lenses that treat cataracts, is prepping for a sale, Buyouts has learned. The Belgian medical-device company has engaged Jefferies for financial advice on a sales process, according to people familiar with the matter. PhysIOL produces Ebitda of around 35 million euros ($40.2 million), one of the people said. […]

Andrew Olinick, 3i Group, private equity, merger, M&A

Q3 M&A: Sellers are king as GPs remain flush with cash

It’s a good time to be a seller in private equity. A decade into the recovery, capital continues to flood into the market and GPs are pulling out all the stops for top-tier companies. “It’s no secret that prices have increased for several years now,” said Trevor Rich, a partner in the Los Angeles office […]

Gretchen Perkins, Huron Capital, Jeff Greenip, Jefferies, Fred Lim, Goodwin Procter, Andrew Olinick, 3i Group, Robert Fullerton, private equity

Deal sourcing is key as capital floods into market

Deal generation is top of mind for sponsors as record fundraising continues to fuel a hypercompetitive environment. Jeff Greenip, global head of financial sponsors investment banking at Jefferies, said the evolution of deal sourcing in recent months has included a shift toward bilateral deals — those that stem from sponsors having direct dialogue among themselves. That’s […]

Frontenac, Behavioral Health Group, opioid, addiction treatment, private equity, merger, M&A

PE-backed RHA Health Services weighs sale

RHA Health Services, whose support services are tailored to those with intellectual and developmental disabilities or behavioral health needs, is exploring a sale, according to four sources. The Formation Capital-backed company retained Moelis for financial advice, the sources said. Marketing materials have been distributed, but discussions with potential financial buyers remain in early stages, sources […]

Nautic Partners, Odyssey Behavioral Health Group, mental health, addiction, healthcare, private equity, merger, M&A

Varsity Healthcare, in 2nd deal of week, backs opioid-treatment provider Ideal Option

Through its second investment of the week, Varsity Healthcare Partners is the latest sponsor looking to help tackle the country’s opioid-abuse crisis. The Los Angeles’ PE firm has completed an investment in opioid-treatment provider Ideal Option, Buyouts has learned. Varsity, which backs lower-middle-market healthcare services companies, has provided growth capital in partnership with the company’s […]

Great Point Partners, Clinical Supplies Management, healthcare, clinical trial, private equity, merger, m&a

Great Point to make ~5x return on Clinical Supplies Management sale

Less than two years into its investment, Great Point Partners is poised to generate a 4.9x return by selling Clinical Supplies Management, a source familiar with the matter said. The buyer is U.K. pharmaceutical services company Clinigen, which has agreed to buy CSM for up-front consideration of $150 million and a potential $90 million cash […]


Ex-Jefferies healthcare chief goes on deal tear with new firm

A former senior healthcare banker and doctor-entrepreneur have been busy striking deals behind the scenes over the last several months. Regal Healthcare Capital Partners, which co-founder and general partner Jon Santemma likened to a “friends and family” office, has closed on four platform deals since its founding less than nine months ago. Its investments span […]

AEA Investors, Numotion, private equity, merger, M&A, medical equipment

AEA Investors strikes deal for PE-backed Numotion

In what appears to mark a return to healthcare for AEA Investors, the global PE firm agreed to acquire a controlling interest in Numotion, a provider of customized wheelchairs and other mobility products, Buyouts has learned. The transaction is expected to close by year-end, a source familiar with the matter said. The source declined to […]

3 River Capital, Phoenix Rehabilitation, private equity, merger, M&A

Sponsors circle 3 Rivers Capital’s Phoenix Rehab

Nearly five years into its investment, 3 Rivers Capital is exploring the sale of Phoenix Rehabilitation and Health Services, four sources familiar with the matter told Buyouts. Cain Brothers is offering financial advice to the Blairsville, Pennsylvania, network of outpatient physical and occupational therapy clinics, the sources said. Phoenix Rehab produces adjusted Ebitda a little […]