Hepalink USA to acquire PE-backed Cytovance for $205.68 mln

Hepalink USA Inc has agreed to buy Cytovance Biologics, a biopharmaceutical contract development manufacturing company for $205.68 million in cash. The deal is expected to be completed in October. Wells Fargo Securities provided financial advice to Cytovance on the transaction. Cytovance is backed by Great Point Partners.

PE-backed Corrona taps InVentiv president for board chairman

Corrona, a portfolio company of Great Point Partners, has named Raymond Hill as executive chairman of its board of directors. Hill is president of InVentiv Health Clinical and the former CEO of Pharmaceutical Product Development. Based in Southborough, Mass., Corrona is a provider of observational data and consulting solutions for the auto-immune sector.


GPP-backed Biotronic ups president/CFO to CEO

Biotronic NeuroNetwork, a portfolio company of Great Point Partners, has promoted Bill Gecsey from president and CFO to CEO. The appointment is effective immediately. Gecsey first joined the firm in 2010 as CFO. Based in Ann Arbor, Michigan, Biotronic is a provider of intraoperative neurophysiological monitoring.


Great Point Partners makes growth recap of Softbox

Great Point Partners has made a growth recapitalization of Softbox. No financial terms were disclosed. Headquartered in the UK, Softbox is a provider of temperature-controlled packaging solutions for the biotech and pharmaceutical sectors.


Great Point-backed Equian completes AfterMath Claim Science acquisition

Equian, which is backed by Great Point Partners, has closed its buy of AfterMath Claim Science. No financial terms were disclosed. Berkery Noyes advised AfterMath Claim Science on the transaction. Based outside Chicago, AfterMath Claim Science is a provider of overpayment solutions for healthcare payors.

Great Point Partners makes growth recap investment in Corrona

Great Point Partners has made a growth recapitalization investment in Corrona. Corrona is an observational registry founded in 2000 by Dr. Joel Kremer and is a provider of clinical real world data obtained prospectively from both physicians and patients at the time of a routine clinic visit.

Health Systems International acquires The Reclaim Group

Health Systems International, a provider of payment effectiveness solutions and a Great Point Partners‘ portfolio company has acquired The Reclaim Group, a medical post-payment recovery services company, based in Bethesda, Maryland. TRG is a provider of facility claims overpayment identification and recovery services to various health care clients in the United States, and is experiencing rapid growth and demand for its services.

Great Point Partners Completes Dividend Recap of Health Systems

Great Point Partners has completed a dividend recap of Health Systems International, according to a Dec. 27 statement. Great Point, a Greenwich, Conn.-based PE firm, did not disclose financial terms of the dividend recap. However, Great Point said that the transaction was an “attractive opportunity” for HSI’s shareholders, which include company management and GPP’s LPs. Indianapolis-based Health Systems provides outsourced medical cost management services for self-insured corporations and insurance companies.

Streamline Acquires Meta Health and Secures Funding

Streamline Health Solutions, a provider of enterprise content management and business analytics solutions for healthcare organizations, has acquired New York City-based Meta Health Technology. The business is a provider of health information management solutions across the U.S. and Canada. In a separate transaction, the company completed a $12 million equity investment led by Great Point […]

Great Point Sells Caprion Proteomics

Great Point Partners has sold Caprion Proteomics to Chicago Growth Partners. Financial terms weren’t announced. Caprion provides proteomics services to pharmaceutical and biotechnology companies. News of the deal was announced by Harris Williams which advised Caprion. PRESS RELEASE Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients […]

WaferGen Biosystems Adds to Board

WaferGen Biosystems Inc., a startup focusing on genomic analysis, has added Scott Davidson and Joseph Pesce to its board. Davidson currently serves as managing director at Great Point Partners, where he focuses on medical devices and diagnostics investing. Pesce is a managing director and operating partner of Great Point Partners.

Great Point Partners Backs Aris Teleradiology

Great Point Partners, a Greenwich, Conn.-based firm focused on the healthcare investments, has put an undisclosed amount into Aris Teleradiology. Hudson, Ohio-based Aris was formed in 2007 and provides radiology services to hospitals, imaging centers, and radiology groups. Terms of the deal were not released.

ProPT Gets Backing

MidCap Financial a commercial finance company focused on middle market healthcare companies, has acted as sole bookrunner, lead arranger, documentation agent and administrative agent in a senior secured credit facility in support of a leveraged recapitalization and growth equity investment in Professional Orthopedic and Sport Physical Therapy by Great Point Partners. GPP, based in Greenwich, […]

Cytovance Biologics Inks $22.5M

Cytovance Biologics has closed on $22.5 million in growth capital from Greenwich, Conn.-based firm Great Point Partners. Cytovance, which is based in Oklahoma City, is a manufacturer of mammalian and microbial biologics for biotechnology and pharmaceutical customers. The new funding will help Cytovance to expand its manufacturing operations. As a result of the round, Great Point managing directors Jeffrey Jay and David Kroin, as well as senior vice president Noah Rhodes, will join Cytovance’s board.

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