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MidOcean Partners is poised to collect an about 5x return on its initial investment in water flosser maker Water Pik, a source familiar with the matter told Buyouts. The middle-market firm said July 17 it would sell Water Pik, Fort Collins, Colorado, to Church & Dwight, parent of consumer product brands including Arm & Hammer detergent […]
DuPage Medical Group, the independent multispecialty physician group backed by Summit Partners, is nearing the end of its sponsor-focused sales process, four sources familiar with the matter told Buyouts. Ares Management is said to be the frontrunner in the process for the Chicago-area medical group, according to three of the sources. DuPage is expected to […]
Private-equity-backed call-center giant Alorica Inc is exploring the sale of its healthcare-revenue-cycle- management business, according to three sources familiar with the matter. The subsidiary, HCFC, is projecting 2017 pre-corporate EBITDA of about $20 million alongside about $49 million of revenue, marketing materials for the business show. Pre-corporate EBITDA doesn’t account for corporate expenses. Duff & Phelps has the […]
Gryphon Investors surfaced as the winner in the sponsor-driven auction for what is considered the largest provider of obstetric hospitalist services in the U.S. The San Francisco private equity firm agreed to buy Ares Management’s OB Hospitalist Group in a deal valued around $625 million, sources familiar with the matter told Buyouts. Moelis & Co and Jefferies […]
Century Park Capital Partners, Cirtec, medical devices, healthcare, private equity, merger, M&A
Top and bottom lines both grew ~4x during hold 3i investment concludes Piper Jaffray sales process Century Park recapped Cirtec in November 2010 Cirtec Medical Systems’ revenue and EBITDA both grew about fourfold during Century Park Capital Partners’ more than 6 1/2-year investment, Chip Roellig, a managing partner at the El Segundo, California, private equity […]
Lee Equity, Eating Recovery, healthcare, private equity, merger, M&A
First-round bids in the sales process for Lee Equity Partners’ Eating Recovery Center LLC were submitted late last week, two sources familiar with the matter told Buyouts. Second-round bids for the provider of eating-disorder-treatment services are likely to come in around mid-July, one of the people said, speaking on the condition of anonymity. About six […]
Guardian Insurance, Maurice Gordon, insurance, private equity
Sales of minority stakes are rarely truly “passive” There’s always implicit or explicit pressure to grow Funds are getting too big too quickly Sales of minority stakes by general partners almost always cause PE firms to lose an element of control, according to Maurice Gordon, managing director and head of private equity for Guardian Insurance Co […]
Dental Health Options, a private equity-backed dental-insurance provider, is working with Cain Brothers to explore a sale, four sources familiar with the matter said. The Hammond, Kennedy, Whitney-backed company is projected to generate adjusted EBITDA of almost $9 million on close to $64 million of revenue in 2017, two sources said. In comparison, Dental Health […]
Three financial buyers are vying for Bristol Hospice in the late innings of its sales process, Buyouts has learned. Finalists for the hospice-care-services provider include H.I.G. Capital, another sponsor and a PE-backed platform, one of three sources familiar with the situation said. Edge Healthcare Partners is offering financial advice to Bristol, a subsidiary of closely […]
Primus Capital is looking to exit its nearly decade-long investment in MedHost, the provider of healthcare information management systems and patient engagement services, four sources familiar with the matter told Buyouts. William Blair scored the mandate to advise on a process for the Franklin, Tennessee, company, three of the sources said. MedHost generates EBITDA in […]

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