Private Equity
OMERS Private Equity has agreed to sell MatrixCare Holdings Inc, a Minneapolis, Minnesota-based provider of long-term post-acute care software, to ResMed Operations Inc. The deal, expected to close in the fourth quarter of 2018, reflects a purchase price of $750 million. OPE bought MatrixCare in 2010 as part of its acquisition of Logibec Inc, a Montréal-based healthcare information technology company. Logibec’s Canadian operations were sold in 2015 to GI Partners.
3 min read · 05 November 2018
3 min read · 02 November 2018
Oberland Capital, a healthcare-focused investment firm, has named Cecilia Gonzalo and Michael Bloom as partners. Previously, Gonzalo worked at Vatera Healthcare Partners where she was a managing director focused on investments in the biopharmaceutical industry, And, Bloom joined Oberland in 2013; prior to his appointment, he was a principal at the firm.
2 min read · 01 November 2018
Derm drama, PE scrambles to exit hospitals, How much candy is too much?
2 min read · 01 November 2018
DKSH has sold its healthcare business in China to Warburg Pincus. The price of the acquisition was about $100 million.
2 min read · 01 November 2018
Canadian healthcare private equity firm Persistence Capital Partners has sold EnvironeX Group Inc, a Québec City-based laboratory testing company. Terms weren’t disclosed. The buyer was Eurofins Scientific SE, a bioanalytical testing services provider headquartered in Luxembourg. Founded in 2005 by CEO Marc Hamilton, EnvironeX provides testing services for customers in the environment, agrifood and health and pharmaceuticals sectors in Québec. PCP initially invested in 2015.
2 min read · 01 November 2018
NovaQuest Private Equity has acquired a majority stake in Durham, North Carolina-based Catalyst Clinical Research LLC, a provider of staffing resources for the biotechnology, pharmaceutical and medical device companies for clinical trial needs. No financial terms were disclosed.
3 min read · 01 November 2018
2 min read · 31 October 2018
San Francisco-based Catalia Health, a patient care management company, has named Dr. Pat Basu to its board. Basu is a partner at Chicago Pacific Founders.
2 min read · 31 October 2018
Antares has provided a $138 million credit facility to back Calera Capital Partners' acquisition of ImageFirst Healthcare Laundry Specialists. Based in King of Prussia, Pennsylvania, ImageFirst is a linen rental and laundry service company focused on the healthcare market. Antares was joint lead arranger and administrative agent for the financing. UPDATE: Varagon was also involved in the financing, serving as joint lead arranger and joint bookrunner, according to a source familiar with the transaction.
2 min read · 31 October 2018
