PE Hub Staff

Critical Homecare Buys Terminated

Argos Soditic Loses Head of Italian Ops

ABEO Buys Pasadena Billing Associates

ABEO Inc., a provider of anesthesia-specific revenue cycle management services, has acquired Pasadena Billing Associates, a provider of medical billing and practice management companies in California. No financial terms were disclosed. ABEO is a portfolio company of Parthenon Capital.

Aquiline Forms Education Insurance Co.

Aquiline Capital Partners and Wright Risk Management have partnered to form WRM America Holdings, a Uniondale, N.Y.-based provider of property and casualty insurance to the public and private education markets. No financial terms were disclosed.

Arsenal Completes Carveout of Ferro's Fine Chemicals Biz

Arsenal Capital Partners has completed its acquisition of the Fine Chemicals business of Ferro Corp. (NYSE: FOE). The deal was valued at $60 million, compared to the original announced price of $66 million. Arsenal has renamed the business Novolyte Technologies, and it will make electrolytes used in the manufacture of lithium ion batteries and other products.

H.I.G. Completes PMSI Purchase

H.I.G. Capital has completed its acquisition of PMSI from AmerisourceBergen Corp. No financial terms were disclosed. PMSI is a Tampa, Fla.-based provider of managed care services and products for workers' compensation and catastrophically injured populations.

Precision Dynamics Buys TimeMed Labeling

Precision Dynamics Corp., a New Britain, Conn.–based provider of healthcare identification solutions, has acquired TimeMed Labeling Systems Inc., a Burr Ridge, Ill.-based maker of specialty healthcare labels. No financial terms were disclosed. Precision Dynamics is a portfolio company of Water Street Healthcare Partners.

Priori Mulls Bids for Four Seasons

3i Keen on Gatwick Airport

Avista Forms JV with Carrizo Oil & Gas

Avista Capital Partners and Carrizo Oil & Gas Inc. (Nasdaq: CRZO) have entered into a joint venture to acquire and developer acreage in the Marcellus Shale, including the dedication of all of their respective current Marcellus leasehold. Each firm will commit up to $150 million in cash.