Healthcare

Sponsors seek to close deals early as competition remains intense

KKR-backed Radiant completes acquisition of stake in Max Healthcare

Radiant Life Care, which is backed by KKR, has closed its acquisition of a 49.7 percent stake in in Max Healthcare from Life Healthcare. As a result of the transaction, Radiant and Max Healthcare will merge to create the largest hospital network in North India. Max Healthcare is a provider of healthcare services in India.

WindRose sees ~15x return on myNexus amid dividend recap

PE-backed CityMD and SMG to merge

CityMD, an urgent care provider in the New York metro area and Summit Medical Group, a provider of multispecialty medical practices, have agreed to merge. No financial terms were disclosed. CityMD is backed by Warburg Pincus.

New Mountain to sell Equian for about $3.2 bln: Reuters

UnitedHealth Group Inc has agreed to acquire Equian LLC, a healthcare payments firm, for about $3.2 billion, according to Reuters. The seller is New Mountain Capital.

PE-backed eSolutions buys Practice Insight

eSolutions Inc, a portfolio company of Francisco Partners, has acquired Practice Insight, a provider of integrated electronic data interchange and revenue cycle management workflow solutions for healthcare providers. No financial terms were disclosed. Harris Williams advised Practice Insight on the transaction. Practice Insight is backed by Eli Global.

Biopharma firm Atreca goes public

Redwood City, California-based Atreca Inc, a biopharmaceutical company, has raised about $113.8 million for its IPO after pricing its 7.35 million shares at $17 per share. The stock began trading June 20, 2019 on the NASDAQ under the ticker symbol "BCEL." Cowen, Evercore ISI and Stifel are the lead underwriters. Atreca's pre-IPO backers included Wellington Management Company LLC, Cormorant Asset Management, Aisling Capital, Boxer Capital of the Tavistock Group, EcoR1 Capital, Redmile Group, Samsara BioCapital and funds managed by Tekla Capital Management.

Abris Capital to buy Dentotal Protect

Abris Capital Partners said June 20 that it agreed to buy Dentotal Protect. Financial terms weren’t announced. The Dogariu family, the sellers, will remain an investor. Dentotal Protect distributes dental consumables, instruments and equipment in Romania.

THL snaps up Francisco Partners' Nextech for more than $500 mln

Camden scores 31x MOIC on Paragon, via $1.2 bln sale to Catalent