Private Equity
MBF Healthcare Partners has agreed to acquire a majority stake in Birmingham, Alabama-based Affinity Hospice, a provider of hospice care services. No financial terms were disclosed. The deal is expected to close in November.
2 min read · 12 October 2018
Lithium producer Livent Corp (LTHM.N) fell 3.6 percent in its market debut on Thursday after being priced at the lower end of its expected range, as investors worried about the recent declines in prices of lithium in China, the world’s largest consumer of the ultralight metal.
2 min read · 11 October 2018
Abry Partners has made an investment in Indiana-based Lighthouse Autism Center, a provider of center-based applied behavioral analysis therapy. No financial terms were disclosed. The Braff Group was financial adviser to Lighthouse on the deal while Parker Poe Adams & Bernstein provided legal advice. And, DLA Piper advised Abry.
2 min read · 11 October 2018
H.I.G. BioHealth Partners, the healthcare investment affiliate of H.I.G. Capital, said Oct. 11 that closed the sale of it HyperBranch Medical Technology Inc to Stryker Corp for about $220 million. HyperBranch develops medical devices. Cooley LLP represented HyperBranch in the transaction.
2 min read · 11 October 2018
3 min read · 11 October 2018
Hayfin Capital Management provided $60 million to Asheville, North Carolina-based Avadim Health Inc, a life sciences company. The financing is comprised of $40 million debt financing and a facility of up to $20 million. ASGARD Partners & Co advised on Avadim Health on the transaction.
2 min read · 10 October 2018
MBF Healthcare Partners has made an investment in Austin, Texas-based Rose Dental Group, a dental group. In conjunction with transaction, MBF has formed Strive Dental Management LLC, a dental service company. Rose Dental and Strive have partnered up to provide DSO capabilities for dental practices in the U.S.
3 min read · 10 October 2018
Geritrex, a portfolio company of BelHealth Investment Partners LLC, has acquired a portfolio of OTC topical products from PL Developments. No financial terms were disclosed.
2 min read · 10 October 2018
Therachon has acquired Montreal-based GLyPharma Therapeutic Inc, a developer of drugs for short bowel syndrome and other rare gastrointestinal diseases. No financial terms were disclosed. Therachon is backed by Novo Holdings, Cowen Healthcare Investments, Pfizer Ventures, Tekla Capital Management LLC, Versant Ventures, OrbiMed, Bpifrance and Inserm Transfert Initiative.
3 min read · 10 October 2018
EW Healthcare Partners has named Olivier Bohuon as senior adviser in the London office and Mike Warmuth as an operating partner in the New York office. Bohuon is a former CEO of Smith & Nephew while Warmuth is a former senior executive at Abbott Laboratories.
4 min read · 10 October 2018
