Private Equity
GI Partners and TA Associates have agreed to acquire a stake in Netsmart Technologies Inc. The seller is Allscripts Healthcare Solutions Inc. No financial terms were disclosed. The deal is expected to close this month. As a result of this transaction, GI Partners, which originally invested in Netsmart in April 2016, is now a majority owner. Netsmart is a provider of software and technology solutions for the health and human services and post-acute sectors.
3 min read · 10 December 2018
NMS Capital and Foot & Ankle Specialists of the Mid-Atlantic have teamed up to form US Foot & Ankle Specialists. No financial terms were disclosed. UFAS will focus on building a physician-owned podiatry platform in the U.S. Greenberg Traurig provided legal advice to NMS on the transaction.
4 min read · 07 December 2018
Palo Alto, California-based Vivo Capital, a healthcare investment firm, has raised over $863 million for its ninth fund, according to an SEC filing. No target was listed on the document.
1 min read · 07 December 2018
Salveo Capital said Dec. 6 that it has acquired a minority equity interest in Ascend Wellness. Financial terms weren't announced. Ascend is a cannabis company operating in Massachusetts, Illinois, and Michigan.
3 min read · 06 December 2018
DFW Capital Partners has formed Continuum Research Group with Jeffrey Kinell, the former CEO of Bracket Global. CRG has made its first investment in Pasadena, California-based Lotus Clinical Research LLC, a CRO and research site focused on improving the scientific accuracy of analgesic programs. No financial terms were disclosed.
2 min read · 05 December 2018
2 min read · 05 December 2018
ChrysCapital has acquired a majority stake in Culver City, California-based GeBBS Healthcare Solutions, a provider of revenue cycle management solutions for the healthcare industry. No financial terms were disclosed. Houlihan Lokey provided financial advice to GeBBS Healthcare Solutions on the transaction with Mundkur Law Partners and Clark Hill providing legal advice. And, Shardul Amarchand Mangaldas & Co and Wilson Sonsini Goodrich & Rosati advised ChrysCapital.
3 min read · 05 December 2018
The Columbus Organization, which is backed by HealthEdge Investment Partners LLC, has acquired New Jersey-based Progressive Comprehensive Services, a provider of support coordination services to adults with intellectual and development disabilities. No financial terms were disclosed.
2 min read · 04 December 2018
2 min read · 04 December 2018
Amulet Capital Partners has acquired UK-based OPEN Health, a health communications and market access group. No financial terms were disclosed. Amulet is planning on merging OPEN Health with portfolio company Peloton Advantage, a provider of medical communications services to medical affairs departments at pharmaceutical, biotechnology and medical device companies.
3 min read · 04 December 2018
