Cressey & Company related stories
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Former Senate leader joins Cressey’s latest firm(2)Uncertainty over whether Thoma Cressey Bravo would completely split or raise separate, sector-focussed funds under one roof has been erased with the appointment of former US Senate majority leader Bill Frist to the newly formed Cressey & Company.
- Cressey & Co nab Waller Lansden chair
Two months after adding former Senate majority leader Bill Frist to its investment team, the Thoma Cressey Bravo spinout has hired healthcare vet and Waller Lansden Dortch & Davis chairman Ralph Davis.
- Former Senate leader joins Cressey’s latest firm
Uncertainty over whether Thoma Cressey Bravo would completely split or raise separate, sector-focussed funds under one roof has been erased with the appointment of former US Senate majority leader Bill Frist to the newly formed Cressey & Company.
- Cressey & Co. Buys InnerChange
Cressey & Co. has acquired a majority stake in InnerChange, a provider of residential treatment and therapeutic services to young women with behavioral, emotional and substance abuse problems. Terms of the deal were not released. InnerChange is based in Orem, Utah. Cressey & Co. has offices in Chicago and Nashville and focuses on investments in the healthcare industry.
- RegionalCare Merges with Essent Healthcare
RegionalCare Hospital Partners, a company backed by Warburg Pincus, is merging with Essent Healthcare Inc., which is owned by Vestar Capital Partners and Cressey & Company. RegionalCare is based in Brentwood, Tennessee. Essent is based in Nashville. Together the two companies will create a seven-hospital system across Texas, Alabama, Connecticut, Ohio, Iowa and Pennsylvania. Financial terms of the deal were not released.
- Cressey & Co. Sells CCRx Holdings Inc. To Omnicare Inc.
Cressey & Co. sold its CCRx Holdings Inc. portfolio company to Omnicare Inc. CCRx, is a Harrisburg, Pa.-based institutional pharmacy that provides medications to residents in nursing and assisted living facilities. Harris Williams & Co. served as an exclusive adviser to CCRx.
- Cressey & Co. Buys Animal Hospital Chain
Cressey & Co. has acquired a majority stake in VetCor Professional Practices, an owner and operaror of 41 full-service animal hospitals in the U.S. No financial terms were disclosed for the deal, which included leveraged financing and an equity co-investment from Golub Capital.
- PE fund briefs, week of Jan. 11, 2010
CD&R raises its eighth vehicle and other fund-raising news briefs