Welsh, Carson, Anderson & Stowe related stories
All articles and analysis
WCAS in $1 billion deal with HumanaHumana has agreed to sell Concentra back to WCAS
- Tenet Healthcare to buy USPI and Aspen Healthcare from Welsh, Carson
Tenet Healthcare Corp. is buying United Surgical Partners International, a portfolio company of Welsh, Carson, Anderson & Stowe, in a joint venture. Terms of the deal, call for Tenet to initially own 50.1 percent. Over the next five years, Tenet will have a path to full ownership through a put/call structure. Tenet said is paying $425 million cash to Welsh Carson and other existing shareholders. In a separate transaction, Tenet is buying Aspen Healthcare from Welsh Carson for approximately $215 million in cash. Aspen Healthcare will not be included in the new joint venture. Welsh Carson acquired Dallas-based USPI, a provider of a short-stay surgical facilities, in 2007. Aspen Healthcare Ltd., of London, operates nine private hospitals and clinics in the United Kingdom.
CVC growth platform attracts $30 mln from University of MichiganThe University of Michigan Board of Regents committed $30 million to CVC Capital Partners’ growth equity fund and an affiliated co-investment fund at its Feb. 19 meeting, according to endowment documents.
- WCAS invests in AIM Software
Welsh, Carson, Anderson & Stowe has acquired a majority stake in AIM Software. No financial terms were disclosed. Marlin & Associates advised AIM on the transaction. Based in VIenna, Austria, AIM provides data management software products to the financial services sector.
- PE-backed Aptuit divests two sites to Albany Molecular Research
Aptuit, a portfolio company of Welsh, Carson, Anderson & Stowe, has sold its Glasgow, UK-based aseptic clinical manufacturing site and its West Lafayette, India-based solid-state chemistry business to Albany Molecular Research. The value of the transaction is $60 million. Teneo Capital provided financial advice to Aptuit and Welsh, Carson, Anderson & Stowe.
- WCAS raises $1.84bn for latest fund
The fund has a target of $3 billion
- Creditors may seize control of Altegrity-NY Post
Oaktree Capital Management and other lenders are close to striking a deal with Providence Equity Partners to take control of the security company that vetted former spy agency contractor Edward Snowden, the New York Post reported.
- Welsh Carson holds $1.7 bln first close on Fund XII
Healthcare and business services specialist Welsh, Carson, Anderson & Stowe held a first close on $1.7 billion for its 12th flagship fund in December, with plans for additional “rolling” closes in 2015, according to a market source.
- PE-owned AMN to acquire three companies for $82.5 mln
AMN Healthcare Services, which is owned by Welsh, Carson, Anderson & Stowe, has agreed to buy Onward Healthcare, Locum Leaders and Medefis from OGH for $82.5 million. The transaction is expected to be completed by mid-January 2014. Robert W. Baird advised OGH on this deal. Both Onward Healthcare and Locum Leaders are temporary healthcare staffing firms while Medefis is a provider of vendor management services technology for hospitals and healthcare organizations.
- General Atlantic promotes five
General Atlantic has promoted Graves Tompkins to managing director and Chris Caulkin, Tony Li, Peter Munzig and Paul Stamas to principal. Tompkins and Stamas are based in New York while Caulkin, Li and Munzig are working in the firm's London, Hong Kong and Palo Alto, Calif. offices, respectively.