Private Equity

Healthcare

PCP and BDC-backed Rx Drug Mart buys Forewest Holdings

Rx Drug Mart, a portfolio company of Persistence Capital Partners, has acquired Forewest Holdings, an operator of 35 pharmacy locations in British Columbia and Alberta.

3 min read · 28 October 2020

Great Point-backed MLM Medical Labs buys MD Biosciences

MLM Medical Labs, which is backed by Great Point Partners, has acquired Oakdale, Minnesota-based MD Biosciences Inc, a provider of contract research services for the development of pharmaceutical and diagnostic assets.

3 min read · 28 October 2020

Serent invests in Employer Direct Healthccare

Serent Capital has made an investment in Employer Direct Healthcare, a provider of a surgical network.

3 min read · 28 October 2020

TPG's AskBio stake more than doubles amid sale to Bayer

Bayer agreed to pay $2bn upfront for the TPG-backed gene therapy company, plus a potential for another $2bn in milestone payments.

3 min read · 27 October 2020

Cerberus buys National Dentex Labs

Cerberus Capital Management has acquired Palm Beach Gardens, Florida-based National Dentex Labs, a network of dental labs.

3 min read · 27 October 2020

Highland Capital and Coatue lead $235m funding in Caris Life Sciences

Funding also included $75 million in debt from Sixth Street as an extension to the $150 million in structured debt financing Sixth Street invested in 2018.

5 min read · 27 October 2020

Gauge-backed Miami Beach Medical Group nears sale

Private equity appetite for at-risk primary care groups has grown, with MBMG joined by other players like InTandem's Cano that are also nearing a sale.

2 min read · 26 October 2020

Bayer to acquire biopharma company AskBio

Bayer AG has agreed to acquire AskBio, a biopharmaceutical company.

5 min read · 26 October 2020

Vapotherm secures up to $52m from CIBC Innovation Banking

Exeter, New Hampshire-based medical technology company Vapotherm has secured up to US$52 million in debt financing through a combination of a term loan facility and a revolving credit facility.

3 min read · 26 October 2020

Clearlake's Symplr snaps up Arsenal's TractManager

Adding complexity to the process, Clearlake was recently evaluating options for Symplr, a provider of healthcare governance, risk and compliance software.

2 min read · 22 October 2020

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