Welsh, Carson, Anderson & Stowe related stories
All articles and analysis
- MEP Health closes merger with US Acute Care Solutions
MEP Health LLC has merged with US Acute Care Solutions, a portfolio company of Welsh, Carson, Anderson & Stowe. Financial terms weren’t announced. The deal was announced in November and closed Dec. 31. Germantown, Maryland-based MEP provides emergency care services. Deloitte Corporate Finance LLC provided financial advice to MEP.
Vista runs dual track process for briefly held TransFirstVista Equity Partners, is conducting a dual process — a sale and an IPO — for TransFirst Holdings Corp., two sources said.
- GIIN appoints PE exec as COO
The Global Impact Investing Network, a nonprofit organization focused on impact investing, has named Susan Balloch as its new chief operating officer. Previously, Balloch was a managing director at Golden Seeds, an angel group that backs women-led companies. And before that, she worked at Blackstone where she served as an executive director and principal.
- Austin Ventures exits Emerus Holdings: CORRECTED
Welsh, Carson, Anderson & Stowe has invested in Emerus Holdings. Financial terms weren’t announced. CORRECTION: Austin Ventures, which invested $30 million in 2011, has sold its remaining stake in Emerus and is completely divested, said Jason Lisovicz, Emerus’ VP of marketing. Welsh Carson now owns a minority of Emerus. The firm acquired a much bigger stake than that held by Austin Ventures. Sellers, in addition to Austin, include six Emerus founders and 23 minor investors, Lisovicz said. Woodlands, Texas-based Emerus is a hospital system that provides inpatient and diagnostic care. BofA Merrill Lynch advised Emerus.
- Cardinal Health invests in PE-backed naviHealth
Cardinal Health is acquiring a majority stake in Nashville, Tennessee-based naviHealth, which manages post-acute services for health plans. No financial terms were disclosed. NaviHealth's main backer, Welsh, Carson, Anderson & Stowe, will retain an ownership stake in the company.
- Geodis to buy Ozburn-Hessey Logistics
Geodis SA has agreed to buy Ozburn-Hessey Logistics from Welsh, Carson, Anderson & Stowe. Financial terms weren’t announced. Ozburn-Hessey Logistics, a logistics company, provides services including warehousing, transportation and freight forwarding for companies. Clifford Chance is advising Geodis.
- WCAS-backed Revel Systems scores $13.5 mln
San Francisco-based Revel Systems, a provider of iPad point-of-sale systems for the restaurant and retail industries, has raised about $13.5 million in funding. The investor was ROTH Capital Partners. Revel Systems is a portfolio company of Welsh, Carson, Anderson & Stowe.
PE-backed shipping company Ozburn-Hessey Logistics set to be sold for $800 mlnFrench shipping and transit company Geodis SA is near a deal to pay close to $800 million for U.S. contract shipping provider Ozburn-Hessey Logistics, in what would be the latest in a string of logistics tie-ups this year, Reuters reported, citing people familiar with the deal.