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$160 mln deal largest to date for HealthChannels HealthChannels parent to ScribeAmerica, largest U.S. medical-scribe company TeamHealth bought PhysAssist in October 2014 Vesey Street Capital Partners-backed HealthChannels has agreed to acquire the medical-scribe business of Blackstone Group‘s TeamHealth, according to a person familiar with the situation. In a deal valued at $160 million, HealthChannels is buying […]

Some expected SaaS company to go for $600 mln or more Symplr helps providers manage credentials of doctors, staff Sell-side adviser: William Blair Clearlake Capital Group’s agreement to buy Symplr has assigned the provider of healthcare-credentialing software an enterprise value of about $550 million, according to a source familiar with the situation. The transaction comes […]

LogistiCare is country’s largest manager of non-medical emergency transportation services Company owns investment in Frazier-backed Matrix Medical Sell-side adviser: JPM Providence Service Corp, whose businesses range from medical transportation to in-home health assessments for seniors, has engaged JPMorgan to explore a sale, three sources told Buyouts. Discussions with financial sponsors are in their early stages, […]

LA firm’s investment dates to 2009 Price came down by ~$100 mln: source Deal follows OptumRx’s purchase of Advent’s Genoa for reported $2.5B Riordan, Lewis & Haden’s sale of Avella Specialty Pharmacy commanded an about $325 million valuation, two sources told Buyouts. The buyer is UnitedHealth Group, which quietly bought the specialty pharmacy company through […]

Atlanta medical group operates 11 locations in metro area Valuation could be upward of $200 mln Process narrowed to three PE groups Atlanta medical group Eagles Landing Family Practice is exploring a sale, according to three sources familiar with the matter. SunTrust Robinson Humphrey is providing financial advice to Eagles Landing, Buyouts has learned. The auction is […]

YETI Holdings, which sells bear-proof high-end coolers, could raise $400 million in its second attempt at an initial public offering. YETI on Oct. 15 set the terms for its pending IPO at 20 million shares at $19 to $21 each, according to an SEC filing. The company itself is selling 2.5 million shares, while stockholders […]

Club deals may not be as popular as they once were, but private equity still uses them to buy assets and that might not be a bad thing, according to PitchBook. The ballooning of buyout-fund sizes means PE firms rely less on club deals to acquire large companies, PitchBook said. Club deals, where two or […]

David Murphy, Apttus Corp’s newly minted executive chairman, has big plans for the middle-office-software company now that it’s owned by Thoma Bravo. The technology-focused private equity firm closed its buy of a majority of Apttus last week. The deal, announced in September, was valued at $1 billion to $2 billion, according to press reports. Apttus is […]

Will be Leonard Green’s first small-cap pool Target will put fund in middle-market To launch alongside core fund Leonard Green & Partners is targeting up to $2 billion for its debut small-cap fund, which it will raise alongside its core fund, sources with knowledge of the process told Buyouts. The firm is expected to launch […]

Q3: PE-backed M&A totaled ~496, representing ~$82 bln of value Quality assets command mid-teen multiples of Ebitda; 20x to 25x Ebitda multiple are no longer outliers Sellers possess new level of aggression; buyers concentrate on specialization, add-on M&A, creativity It’s a good time to be a seller in private equity. A decade into the recovery, […]