Private Equity
Bracket, which is backed by Genstar Capital, has acquired Arlington, Virginia-based mProve Health Inc, a provider of mobile technologies for life science companies. No financial terms were disclosed.
3 min read · 24 October 2017
Care Advantage, a portfolio company of BelHealth Investment Partners, has appointed Dr. Eric Rackow and Dr. Arthur Laffer to its board of directors. Rackow was the president and CEO of Humana at Home while Laffer is the founder and chairman of Laffer Associates. Virginia-based Care Advantage is a home health services provider.
3 min read · 23 October 2017
Archean Capital Partners, a private market investment platform formed by Veritable and Moelis AM, has made an $100 million investment to a fund advised by Petrichor Healthcare Capital Management LP. Based in New York, Petrichor is a private equity firm focused on the healthcare sector.
2 min read · 23 October 2017
Select Medical and Dignity Health have agreed to merge Concentra and U.S. Healthworks. The deal will put U.S. Healthworks as a valuation of $753 million. According to terms of the transaction, Concentra will acquire all of the issued and outstanding shares of stock of U.S. HealthWorks from DHHC. After the closing, Dignity Health will take a 20 percent stake in the combined company valued at $238 million. U.S. HealthWorks is an operator of occupational healthcare centers while Concentra was formed as a joint venture between Select Medical Corp, a subsidiary of Select Medical, Welsh, Carson, Anderson & Stowe and other minority equity holders that include Cressey & Company.
4 min read · 23 October 2017
4 min read · 23 October 2017
Webster Capital has acquired Charlotte, North Carolina-based Cirrus Medical Staffing, a provider of travel nurse and travel allied healthcare professionals. No financial terms were disclosed.
2 min read · 19 October 2017
Convey Health Solutions, which is backed by New Mountain Capital, has acquired Washington, D.C.-based Gorman Health Group, a consulting and software solutions firm specializing in government health programs. No financial terms were disclosed.
3 min read · 19 October 2017
Linden Capital has made an undisclosed investment in Georgetown, Texas-based Smile Doctors, an orthodontic dental support organization. No financial terms were disclosed. As a result of the transaction, Linden will become the majority shareholder in Smile Doctors while previous backer Sheridan Capital will have a minority stake. William Blair served as financial adviser to Smile Doctors and Houlihan Lokey did likewise for Linden. UPDATE: Twin Brook Capital Partners provided $325 million in financing to support Linden’s acquisition of Smile Doctors.
3 min read · 19 October 2017
Petra Capital Partners has teamed up with healthcare executive Jeff Freedman to launch Etairos Health. No financial terms were disclosed. Based in St. Petersburg, Florida, Etairos is a provider of non-skilled, home-based care for the elderly.
2 min read · 18 October 2017
Turkish private equity firm Turkven aims to hold a public offering for nearly 50 percent of healthcare firm Medical Park Group next year, Turkven’s chief executive said, a listing that could be worth around $1 billion
1 min read · 18 October 2017
