Schorr, who left OEP this month, is expected to remain 'an active technology investor,' sources said, with the aim of launching a new private equity firm 'in the very near future.'
PE interest in continuous glucose monitoring device makers has picked up, with One Equity Partners and Blackstone investing.
'We're not afraid of complexity and we like being a bit contrarian,' says Bain's Adam Nebesar.
The New York-based PE sponsor has engaged a cross-border investment bank to target prospective buyers, including US and European private equity sponsors, sources told PE Hub.
Warburg Pincus bought a majority stake in Procare from TA Associates in 2018 and agreed to sell it to Roper Technologies for $1.86bn earlier in January.
Clinical research is increasingly catching the interest of PE investors; PE Hub has seen a flurry of deals in recent months.
Blackstone, OceanSound Partners, HIG Capital, Bernhard Capital and Wind Point Partners are some of the firms picking opportunities in this sector.
Crystal Clean announced earlier in January it had acquired Envirosafe, an Ohio-based provider of environmental services.
Multigenerational popcorn business finds synergy with PE firm focused on family-run models.
Galakatos says 'the most important current breakthrough in science is our increasing ability to practise precision medicine based on our understanding of the human genome.'