Healthcare

GPP recaps Little Spurs Pediatric Urgent Care

Great Point Partners has recapitalized Little Spurs Pediatric Urgent Care, a provider of pediatric urgent care services. No financial terms were disclosed.

VC-backed Silk Road Medical debuts IPO

Sunnyvale, California-based Silk Road Medical Inc, a medical device company, has raised about $120 million for its IPO after pricing its 6 million shares at $20 per share. The stock began trading April 4, 2019 on the NASDAQ under the ticker symbol "SILK." J.P. Morgan Securities LLC and BofA Merrill Lynch are the lead underwriters. Silk Road's pre-IPO backers included Norwest Venture Partners, Janus Capital Management, Warburg Pincus, the Vertical Group and CRG.

WindRose Health's Ovation Fertility undergoes sales process

PE-backed Gemini adds ex-3i chairman and managing partner to board

Gemini Bioproducts LLC, which is backed by BelHealth Investment Partners LLC, has named Bob Stefanowski to its board of directors. Stefanowski is the former chairman and managing partner of 3i Group and ex-CEO of DFC Global. Also, he was a CEO and president of several General Electric divisions. Gemini is a maker of biological products and chemical reagents for the cell culture.

BC Partners scores more than 3x return on Antelliq

Vistria, out fundraising, promotes Schuppan to senior partner

OMERS-backed Paradigm buys Restore Rehabilitation

Paradigm, which is backed by OMERS, has acquired Restore Rehabilitation, a case management company that provides field coverage in 27 states and nationwide telephonic coverage. No financial terms were disclosed. Bailey Southwell provided financial advice to Restore Rehabilitation on the deal. Based in San Francisco, Paradigm is a Medicaid reimbursement billing partner serving local education and government agencies.

Merck closes $2.3 bln Antelliq buy

Merck said April 1 that it completed its buy of Antelliq Corp from BC Partners. The deal, announced in December, was valued at $2.3 billion.

PE-backed Symplr acquires API Healthcare from Veritas

Symplr, which is backed by Clearlake and SkyKnight, has acquired API Healthcare from Veritas Capital. No financial terms were disclosed. Harris Williams and Robert W. Baird served as financial advisers to Clearlake and SkyKnight while William Blair & Company did likewise to Veritas, Wisconsin and California-based API Healthcare is a provider of healthcare software and services.

IPS-Integrated Project Services to buy majority of Cardinal Group

IPS-Integrated Project Services LLC, a unit of Alleghany Capital Corp, said April 1 that it agreed to buy a majority of the Cardinal Group Inc. Financial terms weren’t announced. Cardinal, of Woburn, Massachusetts, provides construction management services to the life science and healthcare markets in the Northeastern United States.