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TPG Capital’s bold effort to ensure a clear victory for home-health-software company Kinnser underscores the importance of buyer differentiation in today’s competitive healthcare market. Preempting what was expected to produce a robust sales process among sponsors, TPG struck a deal to buy Kinnser through Mediware Information Systems. It was only in February that TPG completed […]
Goldman Sachs has invested in California Skin Institute, the state’s largest dermatology practice, four sources told Buyouts. The investment is understood to have come from the private capital investing unit of Goldman’s Special Situation Group, said three of the sources. While the size of the investment is uncertain, Goldman’s private capital investment platform offers junior […]
The high premium commanded in the latest vision-care deal underscores private equity’s continued interest in a sector where assets of scale remain hard to come by. Varsity Healthcare Partners this week unveiled the sale of a majority stake in EyeCare Services Partners, the ophthalmic-services provider it acquired just three years earlier. The buyer is New York […]
Health Evolution Partners, the healthcare fund run by a former George W. Bush administration official, is looking to exit its investment in CenseoHealth, three sources told Buyouts. Goldman Sachs is serving as financial adviser to the provider of in-home physician-conducted health assessments, the sources said. The Dallas company generates EBITDA in the ballpark of $40 million, […]
Summit Partners, Ability Network, private equity, merger, M&A
The JP Morgan Securities-run process for Summit Partners’ Ability Network fizzled after bids failed to meet valuation expectations, three sources familiar with the matter told Buyouts. At least one offer south of $1 billion was turned down, the sources said. One of these sources and a fourth said Summit’s Ability Network had hoped to fetch […]
TPG Capital has finally maneuvered a deal to cash out of its longtime investment in IASIS Healthcare in a transaction made possible by and large by healthcare REIT Medical Property Trust. The buyer is Cerberus Capital Management’s community-based healthcare system, Steward Health Care. The deal, announced Friday, is valued north of $2 billion including assumed debt […]
ZirMed, the healthcare-IT provider backed by one of Silicon Valley’s most prominent venture firms, is about to kick off a process that could produce a billion-dollar transaction, Buyouts has learned. The Sequoia Capital-backed company has turned to William Blair & Co for financial advice, according to three sources, one of whom said the process is poised to […]
Cranial Technologies, plagiocephaly, flat-head syndrome, healthcare, private equity, merger, M&A, Beecken Petty, Cortec
Cortec Group concluded its auction for for Cranial Technologies, selecting Beecken Petty O’Keefe & Co. as the winning suitor for the plagiocephaly-treatment provider. The announcement confirms a May 3 Buyouts report that Cortec had chosen a Chicago private equity firm to acquire the maker of helmets that treat infants with flat-head syndrome. Cain Brothers led the sales […]
Bain Capital Private Equity this week was the victor in a couple of deals, one of which also positioned H.I.G. Capital to score a tremendous return on its longtime investment in Surgery Partners. Bain Capital, the Boston private-equity giant, is acquiring H.I.G.’s stake in Surgery Partners, the publicly traded but private-equity-controlled provider of surgical services. In turn, Surgery Partners will acquire National […]
Another obstetrics company that hit the the auction block months ago is physician-owned Women’s Care Florida, according to five sources. There’s uncertainty among the sources as to whether the strategic alternatives process remains ongoing or has been pulled. One source familiar with the process noted that there were differentiated views among the physician-owners and the […]

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