248 Views

WCAS and EMP form US Acute Care Solutions

Welsh, Carson, Anderson & Stowe has teamed up with Emergency Medicine Physicians to launch US Acute Care Solutions, a physicians-owned emergency medicine and hospital services provider. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of this year.

303 Views

Welsh Carson to sell Ardent Medical Services for $1.75 bln

Ventas Inc. said Monday it has agreed to buy Ardent Medical Services Inc. for $1.75 billion in cash. The seller is Welsh, Carson, Anderson & Stowe. Nashville-based Ardent is a provider of health care services and a for-profit hospital company. Ardent Health will be entitled to distribute up to $75 million excess cash to its existing shareholders, Ventas said. UBS Investment Bank is serving as financial advisor to Ventas while Barclays advised Welsh Carson.

456 Views

Tenet Healthcare to buy USPI and Aspen Healthcare from Welsh, Carson

Tenet Healthcare Corp. is buying United Surgical Partners International, a portfolio company of Welsh, Carson, Anderson & Stowe, in a joint venture. Terms of the deal, call for Tenet to initially own 50.1 percent. Over the next five years, Tenet will have a path to full ownership through a put/call structure. Tenet said is paying $425 million cash to Welsh Carson and other existing shareholders. In a separate transaction, Tenet is buying Aspen Healthcare from Welsh Carson for approximately $215 million in cash. Aspen Healthcare will not be included in the new joint venture. Welsh Carson acquired Dallas-based USPI, a provider of a short-stay surgical facilities, in 2007. Aspen Healthcare Ltd., of London, operates nine private hospitals and clinics in the United Kingdom.

164 Views

WCAS invests in AIM Software

Welsh, Carson, Anderson & Stowe has acquired a majority stake in AIM Software. No financial terms were disclosed. Marlin & Associates advised AIM on the transaction. Based in VIenna, Austria, AIM provides data management software products to the financial services sector.

133 Views

PE-owned AMN to acquire three companies for $82.5 mln

AMN Healthcare Services, which is owned by Welsh, Carson, Anderson & Stowe, has agreed to buy Onward Healthcare, Locum Leaders and Medefis from OGH for $82.5 million. The transaction is expected to be completed by mid-January 2014. Robert W. Baird advised OGH on this deal. Both Onward Healthcare and Locum Leaders are temporary healthcare staffing firms while Medefis is a provider of vendor management services technology for hospitals and healthcare organizations.

278 Views

Revel Systems raised about $100 mln from Welsh Carson, others

Revel Systems said it raised about $100 million of Series C funding from private equity firm Welsh, Carson, Anderson & Stowe and other strategic investors. The round includes a direct $65 million investment from WCAS and an additional $25 million equity line from WCAS. WCAS General Partner Sanjay Swani will join the board.

183 Views

WCAS sells Matrix to Providence Service Corp. for $400 mln

Providence Service Corp. has completed its acquisition of Matrix Medical Network from Welsh, Carson, Anderson & Stowe for $400 million. Based in Scottsdale, Arizona, Matrix is a provider of in-home health assessments and care management solutions.

965 Views

Vista Equity buys TransFirst from WCAS

Welsh, Carson, Anderson & Stowe has sold TransFirst to Vista Equity Partners. No financial terms were disclosed. Based in Hauppauge, NY, TransFirst is a provider of of payment tech solutions to merchants in the U.S.

198 Views

WCAS sells GlobalCollect

Welsh, Carson, Anderson & Stowe has sold portfolio company GlobalCollect to Ingenico Group. WCAS generated sale proceeds of approximately $815 million, which will be distributed to the partners.

321 Views

Providence Service Corp to acquire PE-backed Matrix Medical for $400 mln

Providence Service Corp has agreed to buy Matrix Medical Network, a portfolio company of Welsh, Carson, Anderson & Stowe, for $400 million. Ropes & Gray advised Welsh, Carson, Anderson & Stowe and Matrix Medical Network on the transaction. Based in Scottsdale, Arizona, Matrix is a provider of in-home health assessments and care management solutions.

150 Views

Welsh, Carson, Anderson & Stowe sells Peak 10 to GI Partners

GI Partners has acquired IT infrastructure and cloud provider, Peak 10 from Welsh, Carson, Anderson & Stowe. Headquartered in Charlotte, N.C., the business provides hybrid IT infrastructure services including data center services, private and enterprise cloud infrastructure, and managed services.

213 Views

PE-backed Paycom Software files for IPO

Paycom Software, which is backed by Welsh, Carson, Anderson & Stowe, has filed for an IPO. The number of shares to be offered as well as the pricing terms have yet to be set. The stock will list on the NYSE under the ticker symbol “PAYC.” Barclays Capital and J.P. Morgan Securities are the lead underwriters. Based in Oklahoma City, Paycom is a provider of HR services to businesses nationwide.

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