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While KKR & Co’s involvement in billions of dollars of combined healthcare deal activity was revealed in a single day last week, the groundwork for at least two acquisitions dates back several years, a partner at the firm said. In the largest of the transactions, KKR-backed Air Medical Group Holdings bought American Medical Response, the […]
Ontario Teachers’ Pension Plan is close to sealing a deal for Northeast Dermatology Associates, according to people familiar with the matter. The transaction would mark the conclusion of a Browns Gibbons Lang-run process that got underway about four months ago. The auction for the New England dermatology group drew significant interest from sponsors, sources said. […]
A recently proposed rule by the Centers for Medicare & Medicaid Services to overhaul the home-health-payment system could affect sponsors looking to unload providers over the next several months. How the federal agency’s rule could affect different types of providers is highly uncertain, though industry sources expect clarity by year’s end. Still, it’s fair to […]
The contract-sales business of Quintiles IMS is fielding looks from a limited group of sponsors and strategics, three sources told Buyouts. Quintiles, Danbury, Connecticut, is projecting the contract-sales business will generate adjusted EBITDA of about $60 million to $65 million in 2017, the people said. The unit is projected to generate just shy of $800 […]
Carlyle Group, Newport Academy, private equity, merger, M&A, healthcare
Carlyle has struck a deal to acquire Newport Academy, which treats teens suffering from conditions ranging from trauma and depression to drug and alcohol abuse, three sources told Buyouts. The Washington firm is said to be acquiring the company legally registered as Monroe Operations LLC through its U.S. Equity Opportunity Fund. Carlyle’s second North American […]
Private equity firm Ares Management is close to buying the practice-management company of Summit Partners-backed DuPage Medical Group, according to a Hart-Scott-Rodino early termination notice. The filing with the FTC follows a July 14 Buyouts report that New York’s Ares was the frontrunner in a process for the Chicago multispecialty physician group. The HSR filing shows that […]
Thomas H. Lee, Lee Equity Partners, Chris Witkowsky, private equity
Fund I closed in 2008 at ~$1.1 bln An interim bridge fund raised at least $315 mln in 2016 New York firm promoted five team members in February Lee Equity Partners plans to raise its next fund in 2018, the firm’s founder, Thomas H. Lee, said at Emerging Manager Connect East. Lee also indicated he would move out […]
TPG’s recent deal for ed-tech startup EverFi reflects an emerging trend that one partner says the firm is well positioned to exploit. That trend, said TPG Partner Nehal Raj, is more cross-pollination between what would traditionally be thought of as growth equity and buyouts. In other words, more companies that have previously chosen to go public — those that […]
Madison Capital, Adam Willis, private equity, merger, M&A
Healthcare makes up >20% of lender’s portfolio Unrealistic value expectations of “me too” companies lead to failed processes Diverse pool of capital providers drives up debt multiples Adam Willis serves as a managing director at Madison Capital Funding, where he heads up the lender’s healthcare efforts and leads a dedicated team. Madison, with more than […]
MTS Health Investors is exploring the sale of Celerion less than three years after investing in the Phase 1-focused contract research organization, according to three sources familiar with the matter. The healthcare private equity firm has retained Lazard to advise on a process, the sources said. Lazard knows Celerion well, having conducted the process that […]

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