Private Equity
Convey Health Solutions, which is backed by New Mountain Capital, has agreed to merge with HealthScape Advisors LLC and Pareto Intelligence. No financial terms were disclosed. The newly combined company will create a healthcare payor technology and services platform. Leerink Partners advised HealthScape and Pareto with Dinsmore & Shohl LLP and Skadden, Arps, Slate, Meagher & Flom LLP providing legal counsel. And, Eir Partners advised Convey and New Mountain Capital while Ropes & Gray LLP was legal counsel.
5 min read · 16 November 2018
Next in line in hot physician specialties: urology
2 min read · 15 November 2018
Latticework Capital Management has made an investment in Xpress Wellness Urgent Care, an urgent care provider in Oklahoma and Kansas. No financial terms were disclosed.
3 min read · 15 November 2018
2 min read · 14 November 2018
Chicago-based private equity firm Madison Dearborn Partners has made a number of appointments and promotions. Mike Dolce, who joined the firm earlier this year as a managing director and head of capital markets, will lead MDP's new capital markets group. Josh Damon will join MDP as a managing director and head of the firm’s newly created portfolio resources function. Jason Shideler, a leading member of the firm's healthcare team, has been promoted to managing director; Annie Terry is now managing director, general counsel and chief compliance officer; Dave Pequet, has become a managing director; Karla Bullard has been promoted to managing director and CFO; and Erin Arnold is now a director. Also, Terry is succeeding Mark Tresnowski who is retiring from his current role but will remain as a senior adviser.
4 min read · 14 November 2018
AEA Investors has acquired Brentwood, Tennessee-based Numotion, a provider of complex rehabilitation technology and related mobility solutions. The sellers were Audax Private Equity and LLR Partners. No financial terms were disclosed. Harris Williams advised Numotion on the transaction.
4 min read · 14 November 2018
WindRose Health Investors LLC has invested in Traditions Behavioral Health through a recapitalization. Financial terms weren’t announced. Traditions Behavioral Health, of Napa, California, provides permanent outsourced physician psychiatric services to institutional and community-based programs.
3 min read · 14 November 2018
3 min read · 13 November 2018
SVB Financial Group, the parent company of Silicon Valley Bank, has agreed to acquire Leerink Holdings LLC for $280 million in cash upfront. The deal is expected to close in the first quarter of next year. The new company SVB Leerink will operate as a subsidiary of SVB Financial Group. Leerink Holdings is the Boston-based parent company of Leerink Partners, an investment bank focused on the healthcare and life science industries.
4 min read · 13 November 2018
Waud Capital Partners LLC and Texas Digestive Disease Consultants have formed The GI Alliance, a Dallas-based gastroenterology practice management company. No financial terms were disclosed. Dr. James Weber is serving as founder and president of TGIA. GSO, the credit arm of The Blackstone Group, provided financing for the transaction while Nexus Health Capital was investment banking adviser to TDDC.
3 min read · 13 November 2018
