Private Equity
Zelis Healthcare said Oct. 4 that it closed its merger with RedCard Systems. In July, Parthenon Capital agreed to merge portfolio companies, Zelis Healthcare and RedCard, while bringing in Bain Capital as an investor, Buyouts reported.
3 min read · 07 October 2019
WestView Capital Partners has made an investment in Columbia, South Carolina-based Receivable Solutions LLC, a provider of revenue cycle management services to hospitals and health systems. No financial terms were disclosed. Abacus Finance Group, Crescent Direct Lending and Yukon Partners provided the debt financing for the transaction.
3 min read · 04 October 2019
Marking its third U.S.-based healthcare investment, Cinven Partners has snapped up National Seating & Mobility for a total enterprise value of approximately $850 million, according to people familiar with the matter.
2 min read · 04 October 2019
Great Hill and the evolution of employer benefit services
2 min read · 03 October 2019
Boston and Stockholm-based Aprea Therapeutics, a clinical-stage biotechnology company developing novel anticancer therapies targeting the p53 tumor suppressor protein, has raised about $85 million for its IPO after pricing its over 5.6 million shares at $15 per share. The stock began trading October 3, 2019 on the NASDAQ under the ticker symbol "APRE." J.P. Morgan, Morgan Stanley and RBC Capital Markets are the lead underwriters. Aprea's pre-IPO backers include Redmile Group, Rock Springs Capital, 5AM Ventures, Versant Ventures, HealthCap, Sectoral Asset Management and Karolinska Development AB.
2 min read · 03 October 2019
Court Square Capital Partners is investing in J. Knipper and Co Inc, and its affiliate KnippeRx, through a recap. Financial terms weren’t announced. Court Square will have a majority stake, while the Knipper family is retaining a minority. J. Knipper provides pharmaceutical samples management services in the U.S. KnippeRx is a specialty pharmacy.
4 min read · 03 October 2019
4 min read · 03 October 2019
The management team of Cole-Parmer reached out to GTCR this summer to solicit interest in a potential transaction, only two years after the Chicago PE firm exited its investment in the company.
4 min read · 03 October 2019
TEAM Services Group, which is backed by Alpine Investors, has made an investment in AmeriBest, a home care agency in the greater Philadelphia area. No financial terms were disclosed. Lincoln International LLC served as financial adviser to AmeriBest on the transaction.
3 min read · 02 October 2019
The Riverside Company and Abry Partners has sold its minority stake in North American Dental Group to Jacobs Holding. No financial terms were disclosed. Jefferies LLC served as financial adviser to NADG on the deal. Pittsburgh-based NADG is a dental services organization.
3 min read · 02 October 2019
