Private Equity
AnaCap has acquired a majority stake in SundhedsGruppen, a Danish private health insurance provider. The sellers are the founders of SunhedsGruppen, who will retain a minority stake in the company. No financial terms were disclosed.
3 min read · 21 May 2019
TPG Growth has agreed to sell Cancer Treatment Services International to Varian Medical Systems for $283 million. The deal is expected to close in about two weeks. CTSI is an owner and operator of a network of cancer treatment facilities. Ropes & Gray represents CTSI and TPG Growth on the sale.
4 min read · 21 May 2019
New York City-based Grant Avenue Capital, a new healthcare-focused private equity firm, has launched. Buddy Gumina, who recently was senior equity partner of the global healthcare team at Apax Partners, is leading the firm. Grant Avenue is targeting investments in companies generating approximately $5 million to $25 million of EBITDA.
2 min read · 21 May 2019
The Riverside Company has made an investment in Naturally Slim, a digital health platform focused on helping people reduce metabolic syndrome, lose weight and lead healthier lives. No financial terms were disclosed.
2 min read · 21 May 2019
ImageFIRST, which is backed by Calera Capital, has acquired a majority stake in Faultless Linen, a healthcare-focused laundry service provider. No financial terms were disclosed.
3 min read · 21 May 2019
3 min read · 20 May 2019
Catalent Inc has closed its previously announced acquisition of Paragon Bioservices Inc, a producer of biopharmaceuticals and vaccines, for $1.2 billion. In connection with the deal, Catalent has issued $650 million of convertible preferred stock to Leonard Green & Partners LP. Paragon's backers included NewSpring Capital and Camden Partners.
4 min read · 20 May 2019
2 min read · 20 May 2019
JPMorgan Chase & Co said May 17 that it agreed to buy InstaMed. Financial terms weren’t announced. The deal is valued at $550 million to $600 million, a source said. Instamed, of Philadelphia, is a healthcare payments company. FT Partners advised on the sale.
3 min read · 17 May 2019
42 North Dental, a portfolio company of Audax Private Equity, has acquired Massachusetts-based Northborough Dental Associates, a dental office. No financial terms were disclosed.
2 min read · 17 May 2019
