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EnableComp LLC, a provider of workers’ compensation revenue-recovery services to the healthcare industry, is on the auction block, according to three sources. The Franklin, Tennessee, middle-market investment firm Brentwood Capital Advisors is advising the privately held company, Buyouts has learned. EnableComp generates $6 million to $8 million in EBITDA, one source estimated. A second source […]
ArchiMed commanded a 400 percent internal rate of return on its sale of Herb’s International Service just months after buying the nutraceuticals company. The French private equity group sold its majority stake in HIS, which produces plant-based nutritional ingredients, for an enterprise value north of 25 million euros ($26.5 million). ArchiMed said it earned about 2.5 times its […]
Brentwood Associates, Jefferson Dental, Black Canyon, private equity, merger, M&A, healthcare, dental
Black Canyon Capital has concluded its Moelis & Co-run auction for Jefferson Dental Clinics, selecting Los Angeles private equity group Brentwood Associates as a buyer for the dental-support organization. Terms weren’t disclosed, but the North-Texas-focused company is said to have commanded around 11x its close to $17 million in EBITDA, one source said. That implies a deal […]
New Mountain Capital is close to acquiring ArroHealth, the venture-capital-backed provider of risk-adjustment services to health plans and providers, according to two sources. The company is being acquired through New Mountain’s CIOX Health clinical-data-exchange platform, one source said. The transaction resulted not from a formal auction process but from the Hauppauge, New York, company’s discussions […]
The impressive mid-teen multiple Parthenon Capital Partners commanded in its recent sale of Bracket Global is further validation that financial sponsors continue to see tremendous value in the eClinical space. Industry sources are confident more consolidation will follow. Private equity will continue to swoon over eClinical — technology that automates or enhances efficiencies in clinical-trial […]
David Ethridge, PwC, PricewaterhouseCoopers, private equity, IPO, initial public offering
First-quarter IPO activity shows private equity sponsors will remain steady participants in the public markets as underlying drivers enable an attractive means to liquidity. “Private equity is a real solid engine we didn’t have in 2016,” David Ethridge, PwC’s IPO Services leader, said in an interview with Buyouts. Q1 2017 saw just 27 U.S. IPOs, or […]
Kinnser Software, the Austin, Texas, provider of online-home-health software backed by Insight Venture Partners and Georgian Partners, is exploring a potential sale, according to sources. William Blair is said to have scored the mandate to sell the company, two sources familiar with Kinnser said. One source said pitchbooks for the company published in March. Both sources […]
Size and differentiation are huge advantages in frothy market Blackstone most active Q1 sponsor, strikes largest U.S.-based deal Deal activity slows as PPMs reach records First-quarter sponsor-led deal flow illustrated that differentiation is more important than ever, as the pool of buyers chasing quality assets continues to expand and valuations remain at record levels. “In […]
McBee Associates, the privately held consulting firm serving home-health providers and hospital systems, is on the auction block, according to two sources. Investment-advisory boutique TripleTree has the mandate to sell McBee, the sources said, agreeing that the most likely outcome of the process is a sale to private equity.  McBee ought to attract PE interest […]
Quantum Health, the Altaris–Capital–Partners– and GE–Ventures-backed patient-care-coordination provider, is working with William Blair to explore a potential transaction, two sources told Buyouts. The most likely outcome of the process is a recapitalization by private equity, the sources said. Update: A spokeswoman for Quantum Health in an email confirmed to Buyouts that the firm “is exploring […]

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