Arcapita Exits MedPlus, Selling to PE Firms

Bahrain-based Arcapita has exited its investment in MedPlus Health Services, selling the company to private equity firms, Reuters reported. Terms of the deal were not released. Arcapital became the largest shareholder in MedPlus in 2007 in a transaction valuing the company at $72 million. MedPlus said in March that private equity firm Mount Kellett Capital Management, along with TVS Capital and Ajay Piramal group’s healthcare fund, would buy a 35% stake in MedPlus.

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