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Sarah Pringle

Brentwood Associates, Jefferson Dental, Black Canyon, private equity, merger, M&A, healthcare, dental
Black Canyon Capital has concluded its Moelis & Co-run auction for Jefferson Dental Clinics, selecting Los Angeles private equity group Brentwood Associates as a buyer for the dental-support organization. Terms weren’t disclosed, but the North-Texas-focused company is said to have commanded around 11x its close to $17 million in EBITDA, one source said. That implies a deal […]
New Mountain Capital is close to acquiring ArroHealth, the venture-capital-backed provider of risk-adjustment services to health plans and providers, according to two sources. The company is being acquired through New Mountain’s CIOX Health clinical-data-exchange platform, one source said. The transaction resulted not from a formal auction process but from the Hauppauge, New York, company’s discussions […]
The impressive mid-teen multiple Parthenon Capital Partners commanded in its recent sale of Bracket Global is further validation that financial sponsors continue to see tremendous value in the eClinical space. Industry sources are confident more consolidation will follow. Private equity will continue to swoon over eClinical — technology that automates or enhances efficiencies in clinical-trial […]
David Ethridge, PwC, PricewaterhouseCoopers, private equity, IPO, initial public offering
First-quarter IPO activity shows private equity sponsors will remain steady participants in the public markets as underlying drivers enable an attractive means to liquidity. “Private equity is a real solid engine we didn’t have in 2016,” David Ethridge, PwC’s IPO Services leader, said in an interview with Buyouts. Q1 2017 saw just 27 U.S. IPOs, or […]
Kinnser Software, the Austin, Texas, provider of online-home-health software backed by Insight Venture Partners and Georgian Partners, is exploring a potential sale, according to sources. William Blair is said to have scored the mandate to sell the company, two sources familiar with Kinnser said. One source said pitchbooks for the company published in March. Both sources […]
Size and differentiation are huge advantages in frothy market Blackstone most active Q1 sponsor, strikes largest U.S.-based deal Deal activity slows as PPMs reach records First-quarter sponsor-led deal flow illustrated that differentiation is more important than ever, as the pool of buyers chasing quality assets continues to expand and valuations remain at record levels. “In […]
McBee Associates, the privately held consulting firm serving home-health providers and hospital systems, is on the auction block, according to two sources. Investment-advisory boutique TripleTree has the mandate to sell McBee, the sources said, agreeing that the most likely outcome of the process is a sale to private equity.  McBee ought to attract PE interest […]
Quantum Health, the Altaris–Capital–Partners– and GE–Ventures-backed patient-care-coordination provider, is working with William Blair to explore a potential transaction, two sources told Buyouts. The most likely outcome of the process is a recapitalization by private equity, the sources said. Update: A spokeswoman for Quantum Health in an email confirmed to Buyouts that the firm “is exploring […]
Advisory Board Co, private equity, Elliott Management, merger, M&A, Paul Singer, education, healthcare
There’s no shortage of dealmakers, sponsors or strategic buyers thinking about what’s on the horizon for Advisory Board Co, the publicly traded healthcare and higher-education consulting company navigating strategic alternatives. After activist pressure from Paul Singer’s Elliott Management hedge fund, the roughly $1.8 billion market-cap company said Feb. 6 that the board had kicked off a strategic […]
Levine Leichtman capitalized on the growing preference among seniors to stay in their homes.   During the Los Angeles firm’s four-year investment in Senior Helpers, a franchiser of in-home companion care and personal care to patients suffering from diseases like dementia, the portfolio company saw organic EBITDA growth of about 250 percent. Top-line growth also accelerated, with […]
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