Stericycle, healthcare, private equity, merger, M&A
2152 Views

Medical-waste firm Stericycle explores sale of business unit

Stericycle is exploring the sale of its communication and related services arm, according to people with knowledge of the matter. The Lake Forest, Illinois, medical-waste management and compliance company has turned to JP Morgan for financial advice on a process, the people said. Financial sponsors submitted first-round bids for the business unit in early April, they said. […]

Thomas H. Lee, Curo Health Services, Humana, private equity, merger, M&A, healthcare
444 Views

Humana takes different tack in partnering with PE on healthcare deals

Thomas H. Lee’s $1.4 billion sale of hospice-services provider Curo Health Services offers a seemingly handsome outcome for the Boston buyout shop, while it also reinforces Humana’s intentions to proactively drive growth through vertical integration. Humana, TPG Capital and Welsh, Carson, Anderson & Stowe — the same group that teamed to buy Kindred at Home, Kindred’s home-health […]

Frazier Healthcare, healthcare, merger, M&A, private equity
698 Views

Frazier Healthcare’s hospice company Abode nears sale to Tailwind

Adding to the streak of home-health and hospice-care activity, Frazier Healthcare Partners is approaching the sale of its platform in the sector, Abode Healthcare. The buyer is Tailwind Capital Partners, which prevailed in a Houlihan Lokey-run auction, a person with knowledge of the matter said, confirming a pre-merger filing on the FTC website. Abode, with […]

L Capital, Lancer Group, private equity, executive search, Bart Foster
574 Views

L Capital, the PE arm of an executive-search firm for sponsors, eyes second fund

As L Capital gears up to launch a fundraising process for its second fund later this year it won’t be seeking out traditional investors. That’s because L Capital, which makes co-investments in technology, media and telecom companies, isn’t any ordinary private equity firm. To start with, the firm is the equity investment affiliate of Lancer […]

healthcare, private equity, mergers, M&A, Bain & Co, Blackstone Group, Kara Murphy
573 Views

Column: Bain’s Kara Murphy on the Amazon Effect, provider deal flow

Hello! It’s Thursday again, and healthcare activity hasn’t skipped a beat. Blackstone made a big bet on the nation’s largest autism-treatment company, but more on that later. I spoke with Bain & Co Partner Kara Murphy this week about recent deal activity and big themes featured in the firm’s newly published Global Healthcare Private Equity and […]

Nathan Hukill, CRG LP, Charles Tate, private equity, energy
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CRG names chairman as founder Charles Tate steps back

Nathan Hukill has taken the reins at CRG LP, filling the post as chairman of the Houston healthcare investor amid the retirement of its founder. Hukill’s promotion, which took effect March 31, comes as Founder Charles Tate steps down from day-to-day operations and chairman of the firm. Tate will continue as chairman emeritus. Hukill joined […]

Webster Capital, Center For Discovery, Cliffside Malibu, Discovery Behavioral Health, addiction treatment, healthcare, private equity, merger, M&A
377 Views

Webster recaps Center for Discovery, combines with LA addiction-treatment company Cliffside Malibu

Webster Capital is scaling up and diversifying Center For Discovery, recapitalizing the behavioral health company as it concurrently merges with Southern California drug and alcohol addiction-treatment provider Cliffside Malibu. Terms of the transactions weren’t disclosed. The combined company, to be renamed Discovery Behavioral Health, accounts for about $27 million of unadjusted trailing-12-month Ebitda, a person […]

Blackstone Group, autism, healthcare, mental health, private equity, merger, M&A, Center for Autism and Related Disorders
1165 Views

Blackstone walks away with the win for autism-treatment company CARD

A few months after the family office of Blackstone Group’s executive vice chairman, Tony James, got out of the autism business, the executive is getting back in through the funds his private equity shop manages. Blackstone is buying founder-owned Center for Autism and Related Disorders, concluding what was said to be a tightly run auction process for […]

Ares Capital, Alcami, pharmaceutical services, private equity, merger, M&A
1112 Views

Ares-backed pharma-services provider Alcami explores sale

Alcami, whose outsourced drug-development services help pharma and biotech companies more quickly bring new products to market, is in the midst of a sales process, Buyouts has learned. William Blair is conducting the auction for the contract development and manufacturing organization, according to five sources familiar with the matter. Alcami, backed by Ares Capital‘s credit […]

The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California September 24, 2013. REUTERS/Mike Blake
574 Views

Morgan Stanley Capital hires ex-J.H. Whitney healthcare pro Rodgers

Morgan Stanley Capital Partners is beefing up its healthcare efforts, adding longtime industry investor Steven Rodgers to its roster. Rodgers, a former investment professional of J.H. Whitney Capital Partners, has joined middle-market focused MSCP as a managing director and partner focusing on healthcare. MSCP is part of Morgan Stanley’s about $10 billion Private Credit & […]

Nader Naini, Frazier Healthcare Partners, private equity, venture capital, merger, m&a
302 Views

Frazier Healthcare raises $780 mln growth buyout fund

Frazier Healthcare Partners has raised its second pool of capital focused exclusively on growth buyouts of profitable lower-mid-market healthcare companies. Frazier Healthcare Growth Buyout Fund IX collected $780 million, surpassing its $700 million target. Investors included existing and new limited partners, including endowments, public/private pension funds and financial institutions. The GP commitment will represent 4 percent […]

Nader Naini, Frazier Healthcare Partners, private equity, venture capital, merger, m&a
631 Views

Frazier Healthcare raises $780 mln growth buyout fund

Frazier Healthcare Partners has raised its second pool of capital focused exclusively on growth buyouts of profitable lower-mid-market healthcare companies. Frazier Healthcare Growth Buyout Fund IX LP collected $780 million, surpassing its $700 million target. Investors included existing and new limited partners, including endowments, public/private pension funds and financial institutions. The GP commitment will represent […]

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632 Views

Moelis spinout NexPhase seals deal for Synergy HomeCare

NexPhase Capital Partners, the Moelis Capital Partners spinout, has brought home the win for Synergy HomeCare in a deal valued just south of $80 million, Buyouts has learned. The transaction underscores continued sponsor appetite in the segment, as Synergy represents at least the eighth PE investment since 2016 in a franchiser of nonmedical senior-home-care services. Terms […]

Great Hill Partners , Vatica Health, private equity, merger, M&A, healthcare
232 Views

Great Hill enters risk-adjustment space with deal for Nashville’s Vatica

Great Hill Partners is the latest sponsor to snap up a piece of the risk-adjustment market, through its deal for Nashville startup Vatica Health. The majority recap of Vatica comes after the health-risk-assessment company tapped Triple Tree last fall to run a limited sales process aimed heavily at sponsors, CEO Hassan Rifaat told Buyouts. “Since the […]

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1181 Views

Healthcare banker Jeff Nahley launches family office vehicle

Longtime healthcare banker Jeff Nahley has left recently acquired boutique investment firm Signal Hill Capital to start up his own dual-strategy family office. Nahley’s newly-launched firm, GlassRock Capital Partners, is headquartered in Nashville, Tennessee. GlassRock will focus on both growth equity and later stage buyouts, investing in private companies in the U.S. across four industries: […]

488883228
605 Views

Vesey Street’s second fund sets sights on $200 mln

Vesey Street Capital Partners, the healthcare-services firm run by a group of former Lehman Brothers executives, is back in the market with its second fund, according to a person with knowledge of the situation. The New York PE shop is targeting $200 million for the fund, with a hard cap of $250 million, the person […]

Travis Pearson
415 Views

Q1 M&A: Life at the top – deal activity heats up in high-priced market

Deals are still getting done in a market where elevated prices are the new norm, but GPs flush with cash are working harder than ever to uncover and lock down the finest opportunities. “I came into 2018 hoping that we would see some level of abatement in [prices] and competitive intensity, and I’m still waiting,” […]