Cardinal Health invests in PE-backed naviHealth

Cardinal Health is acquiring a majority stake in Nashville, Tennessee-based naviHealth, which manages post-acute services for health plans. No financial terms were disclosed. NaviHealth’s main backer, Welsh, Carson, Anderson & Stowe, will retain an ownership stake in the company.


Geodis to buy Ozburn-Hessey Logistics

Geodis SA has agreed to buy Ozburn-Hessey Logistics from Welsh, Carson, Anderson & Stowe. Financial terms weren’t announced. Ozburn-Hessey Logistics, a logistics company, provides services including warehousing, transportation and freight forwarding for companies. Clifford Chance is advising Geodis.


WCAS-backed Revel Systems scores $13.5 mln

San Francisco-based Revel Systems, a provider of iPad point-of-sale systems for the restaurant and retail industries, has raised about $13.5 million in funding. The investor was ROTH Capital Partners. Revel Systems is a portfolio company of Welsh, Carson, Anderson & Stowe.


PE-backed Aptuit divests two sites to Albany Molecular Research

Aptuit, a portfolio company of Welsh, Carson, Anderson & Stowe, has sold its Glasgow, UK-based aseptic clinical manufacturing site and its West Lafayette, India-based solid-state chemistry business to Albany Molecular Research. The value of the transaction is $60 million. Teneo Capital provided financial advice to Aptuit and Welsh, Carson, Anderson & Stowe.


WCAS beefs up staff with three additions

Welsh, Carson, Anderson & Stowe has expanded its team with three new hires. The firm has added Ian MacLeod, Sandeep Sahai and Rick Willett to its resources group. MacLeod is a former head of global software & services and partner at Qatalyst Partners while Sahai is a former president and CEO of Headstrong. And, Willett is a former president and CEO of Ascend Learning.


Welsh, Carson completes 820 mln euro sale of GlobalCollect

Welsh, Carson, Anderson & Stowe has completed the sale of portfolio company online payments company GlobalCollect for 820 million euros to Ingenico Group. Welsh Carson bought GlobalCollect in May 2010. The sale generated proceeds of about $815 million, which will be distributed to partners. The firm distributed about $160 million after a debt recapitalization of GlobalCollect.

PE-backed K2M Group Holdings debuts IPO

K2M Group Holdings has launched its IPO after pricing its 8.825 million shares at $15 per share. The stock began trading Thursday on the NASDAQ under the ticker symbol “KTWO.” Piper Jaffray, Barclays Capital and Wells Fargo Securities are the lead underwriters. Based in Leesburg, Virginia, K2M Group Holdings is a provider of solutions for the treatment of complex spinal pathologies. Its backers include Welsh, Carson, Anderson & Stowe and Ferrer Freeman & Co.

WCAS’ USAP Acquires GHA Assets

U.S. Anesthesia Partners, an anesthesia-focused physician services organization backed by Welsh, Carson, Anderson & Stowe has successfully closed the previously announced transaction with Greater Houston Anesthesiology. As part of the transaction USAP also completed its acquisition of the assets of GHA that provide practice management and business support services.

Welsh, Carson, Anderson & Stowe Completes Acquisition Of GetWellNetwork

Welsh, Carson, Anderson & Stowe, a New York-based private equity firm that focuses on healthcare, along with information and business services, has completed its acquisition of the interactive software company GetWellNetwork, whose technology enables patients to view movies, access the Internet and more via their hospital bedside TVs.

PE-Backed Matrix Medical Acquires Ascender

Matrix Medical Network, an 11-year-old,  Scottsdale, Ariz.-based company that provides high-risk member management services to health plans and medical groups, has acquired Ascender, a San Diego-based company that makes a healthcare analytics suite of software products. The terms of the all-cash deal were not disclosed. PRESS RELEASE: SCOTTSDALE, Ariz., Aug 27, 2012 (BUSINESS WIRE) — […]

Welsh Carson’s NaviHealth Acquires Senior Metrix

Private equity backed NaviHealth has acquired SeniorMetrix, a Nashville-based provider of data-driven clinical decision-support solutions to the post-acute healthcare markets. Brentwood Capital Advisors acted as exclusive financial advisor to SeniorMetrix. NaviHealth was created by two healthcare companies – Select Medical, Universal American and private equity firm Welsh, Carson, Anderson & Stowe. PRESS RELEASE Brentwood Capital […]

BPV Exits Matrix

BPV has completed a successful exit from Matrix Medical Network in a secondary buyout of the company to private equity firm Welsh, Carson, Anderson & Stowe. Matrix Medical Network is a provider of prospective health assessments for Medicare Advantage health plans. The company’s nurse practitioners provide in-home assessment services for more than 45 health plans and medical groups in 33 states.

Valeritas Lands $150M Series C

Valeritas Inc., a Bridgewater, N.J.-based developer of drug delivery systems for the diabetes market, has raised $150 million in Series C financing. The funding will support commercialization of its V-Go disposable insulin delivery device. Welsh, Carson, Anderson & Stowe led the financing and assumes a controlling interest in Valeritas. Previous investors MPM Capital, Pitango Venture Capital, Abingworth Management, Advanced Technology Ventures, ONSET Ventures, HLM Venture Partners, Agate Medical Investments, CHL Medical Partners and Kaiser Permanente Ventures also participated.

Harper and Sobol join Welsh, Carson, Anderson & Stowe

Ryan Harper and Edward Sobol have been appointed vice presidents at Welsh, Carson, Anderson & Stowe, the New York private equity firm. Harper was previously vice president at Summit Partners, while Sobol is a former vice president at Bain Capital. Welsh, Carson, Anderson & Stowe focuses mainly on information/business and healthcare, manages $20 billion in capital, and has a current portfolio of over thirty companies.

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