Ayelet Buys Conmed Healthcare for $57.2M

Ayelet Investments has acquired publicly traded Conmed Healthcare Management, a provider of correctional facility healthcare services, for $3.85 per share in cash, or approximately $57.2 million. Financing for the deal comes from Ayelet and from Los Angeles-based private equity firm Levine Leichtman Capital Partners. The deal is expected to close during the third quarter.

DealsNorth AmericaUSBriefs