Varsity Healthcare Fund II closes on $300 mln

Varsity Healthcare Partners said Jan. 9 that its second fund closed on $300 million. Varsity Healthcare Partners II that will invest in healthcare services platforms. UBS served as the placement agent and Kirkland & Ellis acted as legal counsel to VHP. In a separate statement, Varsity Healthcare said Steven Boyd has joined the firm as an Operating Partner. Boyd is the former CEO of Evolution Health and Ascension Health at Home subsidiaries of Envision Healthcare Holdings.

PRESS RELEASE

January 09, 2017 01:03 PM Eastern Standard Time
STAMFORD, Conn. & LOS ANGELES–(BUSINESS WIRE)–Varsity Healthcare Partners (VHP), a healthcare-focused private equity firm, announced today that it held its final closing for Varsity Healthcare Partners II, a $300 million equity fund that will invest in healthcare services platforms.
UBS served as the placement agent and Kirkland & Ellis served as legal counsel to VHP.
About Varsity Healthcare Partners
Varsity Healthcare Partners (VHP), founded by David Alpern and Kenton Rosenberry, is a healthcare-focused private equity firm. VHP seeks to partner with founders / entrepreneurs of lower middle-market healthcare companies and dedicate substantial time and resources to accelerate growth and value creation. VHP has been very successful employing and executing a consistent value creation playbook, in partnership with entrepreneurs, which emphasizes a significant investment in infrastructure followed by an aggressive organic and acquisition growth strategy. VHP draws upon its extensive industry experience and relationships and hands-on partnership approach to assist in professionalizing each platform and driving growth. For more information please visit: www.varsityhealthcarepartners.com.