Sarah Pringle
MidOcean Partners acquired a majority stake in newly created dental-services organization Affinity Dental Management Holdings. The deal is being done in partnership with management of the New England-focused group, as well as certain founders of affiliated practices. Craig Saltzman, founder of Western Mass Endodontics, a provider of specialty and general dentistry services across the Northeast, will […]
Francisco Partners is seeking a buyer for Therapeutic Research Center, a provider of evidence-based drug-therapy information that helps doctors stay informed and make decisions when treating patients, four sources told Buyouts. The sellers have retained William Blair to advise on the sales process, two of the sources said. Technology-focused private equity group Francisco completed its “strategic […]
Having nearly sealed a deal a year ago to sell Jordan Health Services, Palladium Equity Partners is gearing up to take the home-care and hospice provider back to market for a third time, Buyouts has learned. The firm has not selected a financial adviser to conduct a sales process for the Texas company, but it’s […]
First-round bids for Clearview Capital’s St. Croix Hospice are due this week, according to two sources familiar with the matter. Healthcare-focused investment bank Cain Brothers is lead financial adviser on the sales process for the Midwest-concentrated provider of hospice-care services, while healthcare boutique advisory firm Triple Tree is co-advising, Buyouts has learned. The process for […]
Audax Private Equity prevailed in the auction for Altasciences Clinical Research, one of the largest independent providers of services that support early-phase drug development for biotech and pharma companies. The seller is Toronto sponsor Kilmer Capital, which took its initial majority stake in Algorithme Pharma in 2007. The company bulked up in May 2013 through its acquisition […]
Premier Home Health Care Services Inc, the New York-concentrated provider of primarily non-medical senior-home-care services, is exploring a sale, according to four sources familiar with the matter. JP Morgan Securities is financial adviser to the White Plains, New York, home-care company, the sources said. Premier is being marketed to sponsors and strategics, two of the […]
MedXM, the provider of in-home health assessments used to bill Medicare, is seeking a private equity partner, according to four sources familiar with the matter. JMP Securities is conducting the sponsor-focused sales process for the founder-owned company, the sources said. Second-round bids for MedXM are due the third week of June, one source said. MedXM […]
As capital continues to flood into the healthcare market, traditional PE buyers are increasingly looking for ways to preempt formal auctions while sellers are opting for more focused processes, sponsors said at the Jefferies 2017 Healthcare Conference. More family offices, European funds, LP direct investments and consumer-focused investors are contributing to what has become a hypercompetitive […]
Another pair of bulge-bracket sponsors are injecting capital into clinical-trial services, underscoring interest in a segment that has seen a strong flow of dealmaking in recent years. Carlyle Group and GTCR teamed up to acquire Albany Molecular Research, a global contract research and management company serving the pharma and biotech industries. The investors agreed to […]
The continued transition toward value-based care bodes well for Remedy Partners, the VC-backed company currently exploring a sale, four people familiar with the matter said. The Bain Capital Ventures-backed “episodes of care” company has turned to JPMorgan Securities for financial advice, said three of the sources. The Darien, Connecticut, company could be either a sponsor […]