Private Equity
TPG Capital and Exactech have amended the details of their previously announced deal. According to the new terms, TPG Capital has agreed to acquire Exactech in a take-private buyout for $49.25 per share as opposed to the previously agreed amount of $42 per share. After the closing of the deal, Exactech will no longer trade on the NASDAQ. J.P. Morgan Securities LLC is serving as financial adviser to Exactech on the transaction. Greenberg Traurig, P.A. (Miami) and Greenberg Traurig, LLP (NYC) are providing legal advice to Exactech while Ropes & Gray is legal adviser to TPG. Based in Gainesville, Florida, Exactech is a developer of orthopaedic implant devices and surgical instrumentation for extremities and large joints.
4 min read · 04 December 2017
3 min read · 01 December 2017
Centerbridge Partners LP has closed its previously announced acquisition of a majority stake in Davis Vision, a managed vision care company. No financial terms were disclosed. Centerbridge will merge Davis Vision with portfolio company Superior Vision while Highmark takes a minority stake in the combined managed vision care business. And, in a separate deal, Centerbridge has acquired a minority stake in Visionworks, an optical retailer, with Highmark retaining its controlling ownership stake in Visionworks.
4 min read · 01 December 2017
MTS Health Partners has named Charlie Ditkoff as a senior adviser. Ditkoff was a former vice chairman and head of global healthcare corporate and investment banking at Bank of America Merrill Lynch.
2 min read · 01 December 2017
BlackArch Partners has hired Adam Huitt as managing director and head of the firm's healthcare industry practice. Previously, he worked at Wells Fargo Securities where he was a senior member of the healthcare investment banking group.
2 min read · 01 December 2017
Summit Partners and Noro-Moseley Partners has named Tom Zajac to each firm's executive-in-residence program. Zajac will work with both firms' healthcare & life science teams to identify new investment opportunities in the healthcare IT and healthcare services sector.
4 min read · 01 December 2017
2 min read · 30 November 2017
Webster Capital has acquired Salt Lake City-based Bristol Hospice, a provider of hospice and palliative care services. No financial terms were disclosed.
2 min read · 30 November 2017
Webster Capital won the sponsor-driven auction for Bristol Hospice in a deal valued just north of $70 million, Buyouts has learned.
2 min read · 30 November 2017
Owner Resource Group LLC has made an investment in Houston-based US Med-Equip, a provider of rental movable medical equipment within the healthcare industry. No financial terms were disclosed.
2 min read · 29 November 2017
