Sarah Pringle

Hammering out the terms of a multi-pronged deal is no easy feat amid a crisis that requires virtual communication across multiple businesses. 

Despite crisis, firms are still making big deals.

Showing its conviction around the future growth potential of the behavioral health company, TPG underwrote the deal in all equity in the midst of a downturn.

Growing to one of the largest providers of complex rehab technology in the Midwest, PE-owned RMS will continue to scale in the region and across the Central US, the firm's founding partner said.

FTV's ID.me joined hands with Slack to create a secure communication workspace for healthcare workers, while NewsCred is sourcing PPE masks and delivering them to NYC medical professionals.

GPs evaluate opportunities in the midst of a pandemic.

The Waltham, Massachusetts, PE shop prevailed over PE-backed gastroenterology platforms and set aside up to $80m in total equity for the platform.

This crisis differs from 2008 in that many people believe the economy was strong before the pandemic-fueled downturn, which could mean a snapback recovery once the health crisis eases, Sack tells PE Hub.

Certain PE investments in the management entities of physician groups could qualify for SBA paycheck protection loans. The Advanced/Accelerated Medicare Payment Program should also be immediately impactful for many, but repayment of loans could prove tough, experts told PE Hub.

The $2.65 bn deal closes shortly after the government deems veterinary services "essential business", validating private equity's longtime belief that the sector is insulated from economic downturns.