healthcare, medical products, dental, orthopaedic, spinal, neurology
649 Views

Metalmark’s Collagen Matrix goes to Linden in ~$425 mln deal

Chicago’s Linden Capital has scooped up Collagen Matrix in a deal valuing the maker of collagen-based medical products at around $425 million, according to people familiar with the matter. The transaction provides an exit for New York’s Metalmark Capital, whose investment dates to October 2014. Financial terms were not disclosed in the Thursday news release. […]

healthcare, private equity, technology, Devin O'Reilly, medical, fintech
753 Views

Q&A: Bain Capital’s Devin O’Reilly talks healthcare investing

Devin O’Reilly is a managing director at Bain Capital, where as a member of the North American Private Equity team he helps lead the firm’s healthcare investing efforts. Bain has a history of using complex deal structures to drive strategic transactions. How would you characterize this approach? At Bain Capital, what we’re looking to do […]

healthcare, private equity, fundraising, medical, CityMD
482 Views

Regal Healthcare brings in $165 mln for Fund II

Regal Healthcare Capital Partners closed its sophomore fund at its hard cap of $165 million, according to a person with knowledge of the matter. The New York firm, which invests in healthcare services companies in the lower-middle-market, beat its $125 million target. The vehicle’s LP base includes healthcare services executives and entrepreneurs, some of which […]

healthcare, fintech, private equity, IPO, call-center
340 Views

CD&R makes 3.2x its money on Tranzact

Clayton, Dubilier & Rice generated a gross multiple of 3.2x on Tranzact, which helps consumers connect with health insurance policies, according to a source familiar with the situation. The private equity firm announced the  sale of Tranzact to global insurance broker Willis Towers Watson on Mar. 31. The $1.3 billion deal closed Tuesday in all […]

121 Views

DW Healthcare Partners’ fifth fund raises $610 mln

DW Healthcare Partners raised its largest fund to date, collecting US$610 million ($800 million) for its fifth healthcare-focused pool of capital. The Toronto- and Park City, Utah-based firm surpassed its US$500 million target, Founder and Managing Partner Andrew Carragher told Buyouts. Fund V, which closed on Monday, is more than double the US$295 million raised in the firm’s fourth fund, which closed in March 2017. The vehicle’s limited partner base encompasses global institutional investors that committed in prior funds, with some nine to 10 new institutional investors having joined Fund V, Carragher said.

2767 Views

Bain invests in Parthenon’s $5.7 bln Zelis-RedCard merger

Parthenon Capital agreed to merge two portfolio companies, Zelis Healthcare and RedCard, while bringing in Bain Capital as an investor to help fuel growth in the newly created healthcare-fintech platform, according to four people with knowledge of the situation. The transaction values the new company at approximately $5.7 billion, the people said. Bain will take […]

healthcare, private equity, medical, fundraising
661 Views

DW Healthcare’s fifth fund raises $610 mln

DW Healthcare Partners raised its largest fund to date, collecting $610 million for its fifth healthcare-focused pool of capital. The Toronto- and Park City, Utah-based firm surpassed its $500 million target, Founder and Managing Partner Andrew Carragher told Buyouts. Fund V, which closed on Monday, is more than double the $295 million raised in the […]

healthcare, private equity, medicine
464 Views

Healthcare Corner: ‘Selfie generation’ makes waves in the dental market

This month we saw activity in a segment of the dental field that’s largely flown under the radar. Of course, private equity’s love for all things dental is no secret. Rather, it’s among the most hotly pursued areas and the most mature areas of investment in retail health. But most activity we’re talking about involves […]

healthcare, private equity, payer services, medical, insurance
1384 Views

TPG snaps up New Mountain’s Convey Health

TPG Capital reached an agreement to acquire New Mountain Capital’s Convey Health Solutions, according to people familiar with the matter. The transaction for the healthcare payer services company is valued at around $750 million, the people said. New York’s New Mountain put Convey up for sale earlier this year, engaging Barclays Capital and Goldman Sachs […]

healthcare, technology, private equity, value-based care, medical, Medicare, Medicaid
1294 Views

CD&R’s Agilon Health considers IPO

Clayton, Dubilier & Rice is considering a potential initial public offering for Agilon Health, the healthcare technology company focused on supporting physicians’ shift away from fixed fees to a pay-for-performance model, according to people familiar with the matter. Long Beach, California-based Agilon could be worth somewhere between $3 billion and $4 billion in equity in […]

healthcare, insurance, employee benefits, private equity, primary care
870 Views

Pareto Captive Services said to near deal with sponsor

Pareto Captive Services, which helps mitigate employee benefit costs for midsize businesses, is in the late stages of its sales process, according to people familiar with the matter. Triple Tree is providing financial advice to Philadelphia, Pennsylvania-based Pareto, the people said. The company is projecting 2019 pro forma Ebitda just south of $12 million on […]

healthcare, primary care, growth capital, value-based care, medical
1168 Views

VillageMD, primary care start-up, seeks $150 mln in funding

VillageMD, a Chicago primary-care group that helps its doctors transition to a valued-based reimbursement system, is seeking $150 million in a capital raise, according to people with knowledge of the situation. A narrow group of growth equity investors are expected to participate in the financing, one of the people said. Guggenheim Partners is advising VillageMD […]

autism, healthcare, medical, M&A, pediatric, private equity
1342 Views

Centria, Martis-backed autism-treatment provider, kicks off sales process

Centria Healthcare, one of the largest providers of applied behavioral analysis for autism-treatment in the country, is evaluating a sale, according to people familiar with the matter. Moelis is conducting the sales process for the Martis Capital– and Lorient Capital-backed company, the people said. First round bids for the Farmington Hills, Michigan, autism-treatment provider are […]

healthcare, medical, marketing, communications, private equity, healthcare
608 Views

WindRose-backed Medical Knowledge Group taps adviser for future process

WindRose Health Investors is preparing to bring data-driven healthcare marketing firm Medical Knowledge Group back to market, according to four people familiar with the matter. The New York private equity firm has engaged Harris Williams for financial advice for an upcoming sales process, some of the people said. A formal process for New York-based Medical […]