Healthcare Services Buyout Acquisitions in 2019
Acquisition Volume in Healthcare Services Buyout in 2019 by Year
Last 5 years
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December 31, 2019
- Buyer
- 424 Capital, Eagle Private Capital, Plexus Capital
- Target
- Practis
- Seller
- Elizabeth Pettrone, John Pettrone Jr.
- Industry
- Healthcare Services
- Location
- North Carolina, United States
- Type
- Buyout
424 Capital, together with Eagle Private Capital and Plexus Capital, purchased a majority share in Practis from founder Elizabeth Pettrone and CEO John Pettrone Jr., who will remain investors and active managers. Practis is a digital marketing and SaaS provider serving independent healthcare providers (over 700 customers); the investors plan to accelerate growth, expand services, and enter new markets.
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December 31, 2019
- Buyer
- Discovery Behavioral Health
- Target
- Associated Behavioral Health Care (ABHC)
- Industry
- Healthcare Services
- Location
- Washington, United States
- Type
- Buyout
Discovery Behavioral Health acquired Associated Behavioral Health Care (ABHC) of Seattle, a four-center provider of outpatient addiction and mental health services in the Puget Sound region, with the deal closing on December 31, 2019. The acquisition expands Discovery’s footprint and clinical capabilities in the Pacific Northwest, adding services such as psychiatry, psychology, TMS, chemical dependency counseling and medication management across Bellevue, North Seattle, West Seattle and Kent.
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December 30, 2019
- Buyer
- American Securities
- Target
- United PF Partners
- Seller
- Eagle Merchant Partners, JLM Financial Partners
- Industry
- Healthcare Services
- Location
- Texas, United States
- Type
- Buyout
American Securities, a New York-based private equity firm, has acquired United PF Partners, the largest Planet Fitness franchisee, from Eagle Merchant Partners and JLM Financial Partners. United PF is headquartered in Austin, Texas and operates more than 160 clubs across 14 states serving over 1 million members; terms were not disclosed and the deal closed in late December 2019.
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December 29, 2019
- Buyer
- Asia Pacific Village Group Limited (APVG), EQT Infrastructure IV (managed by EQT Fund Management S.à r.l.)
- Target
- Metlifecare
- Industry
- Healthcare Services
- Location
- Auckland, New Zealand
- Type
- Buyout
Asia Pacific Village Group Limited (APVG), owned by EQT Infrastructure IV, has entered into a Scheme Implementation Agreement to acquire 100% of Metlifecare. The deal was announced in two versions: an initial offer of NZ$7.00 per share (approx NZ$1.5bn) and a later revised SIA at NZ$6.00 per share (approx NZ$1.3bn); NZ Super (holding ~19.86%) has committed to vote in favour and the parties agreed to discontinue related litigation.
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December 24, 2019
- Buyer
- EQT Mid Market Asia (EQT Mid Market Asia III fund)
- Target
- Health Management International Ltd (HMI)
- Industry
- Healthcare Services
- Location
- Singapore
- Type
- Buyout
EQT Mid Market Asia (via its Mid Market Asia III fund) has invested in Health Management International Ltd (HMI), a Singapore-headquartered regional private healthcare provider. EQT will support HMI's regional expansion and capability build—investing in capacity, digitalisation and exploring potential future acquisitions to scale the group's platform across Singapore, Malaysia and Indonesia.
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December 23, 2019
- Buyer
- Ergon Capital Partners IV SCSP (Ergon)
- Target
- Palex
- Seller
- Corpfin Capital, Knuth family, Palex management team
- Industry
- Healthcare Services
- Location
- Catalonia, Spain
- Type
- Buyout
Ergon Capital Partners has agreed to acquire a majority stake in Palex, the leading distributor of hospital equipment, technology and solutions in Spain and Portugal, from Corpfin Capital, the Knuth family and the management team. Corpfin will retain a minority stake alongside Ergon and Palex’s management as Ergon supports the company’s national and international growth plans.
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December 18, 2019
- Buyer
- Mentha Capital
- Target
- paraDIGMA Group, BlijWerkt
- Seller
- Gilde Healthcare, Current shareholders of paraDIGMA Group
- Industry
- Healthcare Services
- Location
- Netherlands
- Type
- Buyout
Mentha Capital will take a majority stake in the combination of Dutch occupational health providers paraDIGMA Group and BlijWerkt, creating a larger, integrated group focused on sustainable employability. The transaction (subject to approval by the Dutch Healthcare Authority) brings together complementary services and more than 400 employees and is expected to support further organic growth and acquisitions.
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December 16, 2019
- Buyer
- Physical Rehabilitation Network (PRN)
- Target
- Team Rehab
- Seller
- Stan Gorman (founder of Team Rehab)
- Industry
- Healthcare Services
- Location
- Oregon, United States
- Type
- Buyout
Physical Rehabilitation Network (PRN), a Carlsbad, California–based operator of outpatient rehabilitation clinics, has acquired Team Rehab, a Portland-based integrative outpatient rehab group operating three clinics in Portland, Clackamas and Tualatin, Oregon. The deal expands PRN’s Pacific Northwest footprint (bringing its clinic count in the region to 26) and represents PRN’s first entry into Oregon.
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- Buyer
- Partners Group
- Target
- EyeCare Partners
- Seller
- FFL Partners
- Industry
- Healthcare Services
- Location
- Missouri, United States
- Type
- Buyout
Partners Group agreed to acquire a majority stake in EyeCare Partners from FFL Partners, marking a PE-to-PE buyout of the U.S. ophthalmology and optometry services platform. EyeCare Partners is a vertically integrated network of optometry and ophthalmology practices headquartered in St. Louis that grew rapidly under FFL (reported 65% CAGR and several hundred sites) — financial terms were reported by market sources at roughly $2.2 billion.
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December 16, 2019
- Buyer
- Discovery Behavioral Health
- Target
- Casa Palmera
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Buyout
Discovery Behavioral Health, a nationwide provider of behavioral health services, has acquired Casa Palmera, a nationally recognized residential treatment facility for adults with drug and alcohol addiction located in Del Mar/San Diego, California. The acquisition expands Discovery's continuum of residential and outpatient treatment capabilities and adds experienced clinical staff to support substance use and co-occurring mental health disorder treatment.
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December 11, 2019
- Buyer
- MREHAB Holdings, Inc.
- Target
- Medical Rehabilitation Consultants
- Industry
- Healthcare Services
- Location
- Washington, United States
- Type
- Buyout
MREHAB Holdings, Inc. has acquired Medical Rehabilitation Consultants, a Spokane, Washington–based provider of medical case management and utilization management services. ACT Capital Advisors acted as advisor to Medical Rehabilitation Consultants in the transaction. The target provides cost-containment and utilization management services to insurance companies, self-insured employers, third-party administrators, public programs and other clients across the United States.
-
December 10, 2019
- Buyer
- Corrona, LLC
- Target
- HealthiVibe, LLC
- Industry
- Healthcare Services
- Location
- Virginia, United States
- Type
- Buyout
Corrona, LLC has acquired HealthiVibe, LLC, a patient experience and patient-insights firm based in Arlington, Virginia. The acquisition adds HealthiVibe's global patient engagement expertise and online analytic platforms to Corrona's real-world evidence and disease-registry capabilities to better support pharmaceutical clients across the product lifecycle.
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December 9, 2019
- Buyer
- The Chartis Group
- Target
- The Greeley Company
- Seller
- Keystone Capital, Inc.
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Type
- Buyout
The Chartis Group has acquired The Greeley Company, a leading provider of clinical effectiveness, regulatory compliance, and physician and medical staff services. The Greeley business was owned by Keystone Capital, which completed the sale to Chartis to expand Chartis's clinical quality and physician services capabilities.
-
December 9, 2019
- Buyer
- Acorn Health
- Target
- Behavior Therapy Specialists
- Seller
- Jenna Kokoski, Jessica Dow
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Buyout
Acorn Health, a national provider of Applied Behavior Analysis (ABA) services, has acquired Behavior Therapy Specialists (BTS) in O'Fallon, Illinois. The acquisition expands Acorn Health's footprint into Southern Illinois and Northern Missouri and makes BTS a wholly-owned subsidiary to support center- and home-based ABA services for children and adults with autism.
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December 5, 2019
- Buyer
- Kadiant
- Target
- Personal Assistance Services of Colorado (PASCO) - Behavior Therapy business
- Seller
- Personal Assistance Services of Colorado (PASCO)
- Industry
- Healthcare Services
- Location
- Colorado, United States
- Type
- Buyout
Kadiant has acquired the Behavior Therapy business of Personal Assistance Services of Colorado (PASCO); PASCO will continue to operate its other home health and long-term support services under the PASCO brand. Terms were not disclosed. The deal expands Kadiant's ABA therapy footprint and brings PASCO's team of BCBAs into Kadiant's network.
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December 4, 2019
- Buyer
- Waystar
- Target
- Recondo Technology
- Industry
- Healthcare Services
- Location
- Kentucky, United States
- Type
- Buyout
Waystar, a leading provider of cloud-based revenue cycle technology, has acquired Recondo Technology, a provider of AI- and RPA-powered patient access and business office automation for healthcare providers. The acquisition expands Waystar's AI and patient-access capabilities and will integrate Recondo's transaction and prior-authorization processing into Waystar's end-to-end revenue cycle platform.
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December 2, 2019
- Buyer
- Mitchell | Genex
- Target
- CompAlliance
- Seller
- Cobalt Ventures, Blue Cross and Blue Shield of Kansas City (Blue KC)
- Industry
- Healthcare Services
- Location
- Kansas, United States
- Type
- Buyout
Mitchell | Genex has acquired CompAlliance, a provider of managed care services for the workers' compensation industry, to expand its medical cost containment and clinical solutions. The deal, which was announced December 2, 2019, will broaden Mitchell | Genex's service offering (including PPO networks, medical bill review, case management and utilization review) and strengthen its position in workers' compensation, disability and group health markets; financial terms were not disclosed.
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November 22, 2019
- Buyer
- NextGen Growth Partners
- Target
- Record Connect, Inc.
- Industry
- Healthcare Services
- Location
- Illinois, United States
- Type
- Buyout
NextGen Growth Partners announced an investment in Record Connect, Inc. on November 12, 2019 and named Entrepreneur-in-Residence Drew Daum as CEO. The investment will support Record Connect’s growth and technology investment while founder Ty Humpert remains active on the company's board to help expand its release-of-information services for hospitals, clinics, and physician offices in the Midwest.
-
November 21, 2019
- Buyer
- Astorg, Cinven
- Target
- LGC
- Industry
- Healthcare Services
- Location
- England, United Kingdom
- Type
- Buyout
A consortium led by private equity firms Astorg and Cinven has signed an agreement to acquire LGC, a UK-headquartered global leader in life sciences tools. The buyout will back LGC’s continued organic growth and M&A-led expansion across its standards, genomics and laboratory services businesses; financial terms were not disclosed and the transaction remains subject to regulatory approvals.
-
November 20, 2019
- Buyer
- APDerm
- Target
- Dermatology Professionals, Inc.
- Industry
- Healthcare Services
- Location
- Rhode Island, United States
- Type
- Buyout
APDerm, a physician-led dermatology group based in Acton, Massachusetts, has acquired Dermatology Professionals, Inc., adding DPI's headquarters in East Greenwich, Rhode Island and a second location in North Attleboro, Massachusetts. The deal expands APDerm's footprint across New Hampshire, Massachusetts and Rhode Island and increases its network to 24 locations and 69 providers.
-
- Buyer
- Schweiger Dermatology Group
- Target
- Dermatology Associates at Crystal Run
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Buyout
Schweiger Dermatology Group (SDG) has completed the acquisition of Dermatology Associates at Crystal Run (DACR), adding DACR’s two locations in Middletown and Port Jervis, New York to SDG’s network. The deal brings DACR’s team of providers into SDG as the group expands its footprint in upstate New York and centralizes practice management to allow clinicians to focus on patient care.
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November 12, 2019
- Buyer
- UST Global
- Target
- Contineo Health
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
UST Global has acquired Contineo Health, a healthcare technology consulting firm that specializes in EHR optimization and value-based care solutions. The acquisition expands UST Global's capabilities across payer and provider domains and strengthens its EHR services for hospital systems and health networks across the United States.
-
November 6, 2019
- Buyer
- InFuse Holdings Inc., BroadOak Capital Partners
- Target
- Horizon Infusions, LLC
- Industry
- Healthcare Services
- Location
- Ohio, United States
- Type
- Buyout
InFuse Holdings Inc., backed by a Series A investment led by BroadOak Capital Partners, has acquired Cincinnati-based Horizon Infusions, founded in 1997. The financing and acquisition position Horizon as a platform for InFuse to expand a network of ambulatory infusion centers across Ohio and the Midwest.
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November 5, 2019
- Buyer
- Olympus Partners
- Target
- Soliant Health
- Seller
- The Adecco Group
- Industry
- Healthcare Services
- Location
- Georgia, United States
- Type
- Buyout
Stamford-based private equity firm Olympus Partners has entered into a definitive agreement to acquire Soliant Health, an education and healthcare staffing provider, from The Adecco Group. Soliant supplies therapists to K-12 schools and places travel nurses and allied health clinicians for the life sciences and healthcare markets; Olympus said the acquisition will support continued growth given strong market dynamics in special education and clinician staffing.
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November 1, 2019
- Buyer
- DAS Health
- Target
- Automated Medical Systems
- Industry
- Healthcare Services
- Location
- Georgia, United States
- Type
- Buyout
DAS Health, a Tampa-based health IT and management firm, has acquired Automated Medical Systems, a healthcare IT company headquartered in Valdosta, Georgia that serves clients across several Southern and Northeastern states. The acquisition expands DAS Health's EHR and service offerings (including Henry Schein's MicroMD) and strengthens its footprint and capabilities in practice management, RCM, managed IT and other value-based care solutions.
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October 30, 2019
- Buyer
- EVERSANA
- Target
- Cornerstone Research Group
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Buyout
EVERSANA has agreed to acquire Canada-based Cornerstone Research Group, a health economics and outcomes research (HEOR) firm headquartered in Burlington, Ontario. The acquisition adds HEOR, economic modeling, evidence synthesis and market access capabilities to EVERSANA’s integrated commercial services platform to better support pharmaceutical and medical device clients globally.
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October 28, 2019
- Buyer
- Cato Research, LLC
- Target
- Specialized Medical Services-oncology BV (SMS-oncology)
- Industry
- Healthcare Services
- Location
- North Holland, Netherlands
- Type
- Buyout
Cato Research, LLC has merged with Specialized Medical Services-oncology BV (SMS-oncology); the combined company will transition to the name CATO SMS. The deal expands Cato's oncology and regulatory capabilities and broadens the combined company's presence across Europe and North America; financial terms were not disclosed.
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October 15, 2019
- Buyer
- Revint Solutions LLC
- Target
- Washington & West LLC
- Seller
- Washington & West LLC (founders/owners Linda Fotheringill and Tracy Wade)
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Buyout
Revint Solutions LLC has acquired Washington & West LLC, a Baltimore-based healthcare denials and appeals management firm known for its Quantum Appeals platform. The acquisition expands Revint’s revenue integrity and denials recovery capabilities and enables broader deployment of Washington & West’s services across Revint’s health system customers.
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October 15, 2019
- Buyer
- Wendel
- Target
- Crisis Prevention Institute
- Seller
- FFL Partners
- Industry
- Healthcare Services
- Location
- Wisconsin, United States
- Type
- Buyout
Wendel, the European listed investment firm, has agreed to acquire Crisis Prevention Institute (CPI) from private equity owner FFL Partners. Headquartered in Milwaukee, CPI is a provider of behavior management and nonviolent crisis intervention training; the transaction positions CPI for continued global expansion and is expected to close in Q4 2019 subject to customary approvals.
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October 10, 2019
- Buyer
- Relatient, Inc.
- Target
- Everseat, Inc.
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Buyout
Relatient, a patient-engagement SaaS provider, acquired Everseat, a Baltimore-based patient self-scheduling and waitlist software company, in October 2019. The deal integrates Everseat’s scheduling and waitlist capabilities into Relatient’s platform to expand self-service scheduling, deepen provider integrations, and accelerate product development for healthcare customers.
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October 8, 2019
- Buyer
- Kemberton
- Target
- Advanced Patient Advocacy
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Buyout
Kemberton, a specialized revenue cycle management provider, has acquired Advanced Patient Advocacy (APA), a Columbia, Maryland–based patient advocacy and enrollment services firm. The acquisition expands Kemberton's SRCM capabilities—adding Medicaid eligibility/enrollment and out-of-state Medicaid services—and broadens its offerings for hospitals and health systems across the U.S.
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October 4, 2019
- Buyer
- Cinven
- Target
- National Seating & Mobility
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Buyout
Cinven, the international private equity firm, has agreed to make an investment in National Seating & Mobility (NSM), a leading North American provider of complex rehabilitation mobility and accessibility solutions. The partnership will support NSM’s next phase of growth — both organically and via strategic acquisitions — with Cinven providing significant investment and working with management to expand the business.
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- Buyer
- Parthenon Capital, Bain Capital Private Equity, Bain Capital Ventures
- Target
- Zelis Healthcare, RedCard Systems
- Industry
- Healthcare Services
- Location
- United States
- Type
- Buyout
Zelis Healthcare and RedCard Systems announced the completion of their merger to form a combined healthcare payments technology company serving payers and providers at enterprise scale. The transaction was supported by existing investor Parthenon Capital alongside Bain Capital Private Equity and Bain Capital Ventures; financial terms were not disclosed.
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October 1, 2019
- Buyer
- Addus HomeCare Corporation
- Target
- Hospice Partners of America, LLC
- Seller
- New Capital Partners
- Industry
- Healthcare Services
- Location
- Alabama, United States
- Type
- Buyout
Addus HomeCare Corporation completed the acquisition of Hospice Partners of America, LLC for a cash purchase price of $130.0 million. The deal, which New Capital Partners sold, expands Addus’ hospice capabilities and provides strategic entry into new geographic markets including Texas; Hospice Partners serves ~1,000 patients daily across 21 locations with approximately $55 million of annualized revenue.
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October 1, 2019
- Buyer
- Quake Global, Inc.
- Target
- Skynet Healthcare Technologies Inc.
- Industry
- Healthcare Services
- Location
- United States
- Type
- Buyout
Quake Global, Inc. acquired Skynet Healthcare Technologies Inc. to expand its IoT and RTLS capabilities into the senior living market. The deal combines Quake's RFID solutions with Skynet's multi-directional BLE RTLS technology to extend location-based services and analytics across hospitals and senior care facilities.
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October 1, 2019
- Buyer
- PharmScript
- Target
- UVANTA Kansas City
- Industry
- Healthcare Services
- Location
- Kansas, United States
- Type
- Buyout
PharmScript, a provider of long-term care and post-acute care pharmacy services, has acquired UVANTA Kansas City (Lenexa, KS) to expand its Midwest footprint. The acquisition adds PharmScript's seventeenth pharmacy and strengthens its ability to serve long-term care and post-acute facilities across Kansas and Missouri.
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September 26, 2019
- Buyer
- New Mountain Capital
- Target
- emids
- Seller
- Baird Capital, Council Capital
- Industry
- Healthcare Services
- Location
- Tennessee, United States
- Type
- Buyout
New Mountain Capital has acquired a controlling interest in emids, a Nashville-based provider of digital engineering and healthcare technology services, with prior investors Baird Capital and Council Capital exiting. emids management and select stakeholders remain invested; the investment will support continued organic and inorganic growth, including capability expansion in digital transformation, data engineering and analytics for healthcare payers, providers and life sciences clients.
-
- Buyer
- Greenbrook TMS Inc.
- Target
- Achieve TMS Centers, LLC, Achieve TMS Alaska, LLC
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Buyout
Greenbrook TMS Inc. (TSX: GTMS) has closed its acquisition of Achieve TMS Centers, LLC and Achieve TMS Alaska, LLC for an initial purchase price of US$10.5 million (net of cash and debt), with approximately US$2.6 million paid via issuance of common shares and an additional earn-out tied to post-closing EBITDA. The deal expands Greenbrook's national footprint to more than 100 TMS treatment centers and strengthens its position as a leading provider of Transcranial Magnetic Stimulation therapy in the United States.
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September 25, 2019
- Buyer
- Golden Gate Capital
- Target
- Invo Holdings (Invo Healthcare)
- Seller
- The Wicks Group
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Golden Gate Capital has acquired Invo Holdings (Invo Healthcare), a national provider of autism and childhood behavioral health services. Invo will remain led by CEO Anthony Manley while The Wicks Group sold its stake and The Jordan Company and management retain minority ownership; financial terms were not disclosed.
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September 24, 2019
- Buyer
- Undisclosed mid-market private equity firm
- Target
- RxStrategies
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Buyout
Berkery Noyes announced it represented RxStrategies in its acquisition by a mid‑market private equity firm. RxStrategies is a provider of technology and cloud‑based analytics for 340B program administration, serving hospitals, health systems, clinics and contract pharmacies.
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September 18, 2019
- Buyer
- Praesidian Capital
- Target
- Undisclosed integrated clinical and laboratory genetics company
- Industry
- Healthcare Services
- Location
- United States
- Type
- Buyout
Praesidian Capital announced the acquisition of an integrated clinical and laboratory services company operating in genetic medicine, focused on prenatal and preconception testing and hereditary cancer risk assessments. The deal is Praesidian’s first as an independent sponsor and will serve as a platform for national expansion and future add-on acquisitions.
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Clearway Pain Solutions / NexPhase Capital Acquire KureSmart Pain Management from New Harbor CapitalSeptember 16, 2019
- Buyer
- Clearway Pain Solutions, NexPhase Capital
- Target
- KureSmart Pain Management
- Seller
- New Harbor Capital
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Buyout
Clearway Pain Solutions, in partnership with private equity firm NexPhase Capital, has acquired KureSmart Pain Management from New Harbor Capital. KureSmart, headquartered in Annapolis, Maryland, provides administrative and operations support to pain management physicians and expanded significantly under New Harbor through add-ons and de novo site openings; the deal creates additional scale for Clearway's interventional pain platform.
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September 13, 2019
- Buyer
- Hong Leong Group, TPG
- Target
- Columbia Asia Hospitals
- Seller
- International Columbia US, LLC (Columbia Pacific Management)
- Industry
- Healthcare Services
- Location
- Selangor, Malaysia
- Type
- Buyout
Malaysia-based Hong Leong Group and global alternative asset firm TPG agreed to acquire 17 Columbia Asia hospitals and one clinic across Malaysia, Indonesia and Vietnam (India operations excluded) in a transaction valued at about USD 1.2 billion. Columbia Pacific Management (International Columbia US, LLC) will retain a minority stake while Hong Leong and TPG will scale the Columbia Asia platform across Southeast Asia.
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September 10, 2019
- Buyer
- Windjammer Capital Investors, Hilco management
- Target
- Hilco Vision (The Hilsinger Company)
- Seller
- Blue Point Capital Partners
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Type
- Buyout
Windjammer Capital Investors has acquired Hilco Vision (The Hilsinger Company) in partnership with Hilco management; terms were not disclosed. Windjammer positions Hilco as a platform investment to accelerate growth through organic initiatives and strategic acquisitions in the eyecare/optical distribution market.
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September 5, 2019
- Buyer
- TPG Capital
- Target
- Convey Health Solutions
- Seller
- New Mountain Capital
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Buyout
TPG Capital has acquired Convey Health Solutions, a provider of technology-enabled administrative and advisory services for health plans, from New Mountain Capital. Convey's management and select stakeholders remain invested; financial terms were not disclosed. TPG said the acquisition will support Convey's growth and help TPG build out its healthcare platform.
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September 5, 2019
- Buyer
- EyeCare Partners LLC
- Target
- Associated Retinal Consultants, P.C.
- Industry
- Healthcare Services
- Location
- Michigan, United States
- Type
- Buyout
EyeCare Partners LLC completed the acquisition of Associated Retinal Consultants, P.C., a leading retina subspecialty ophthalmology practice headquartered in Royal Oak, Michigan. The transaction adds ARC's team of retina specialists — roughly 21 physicians across 16 locations — to ECP's network and strengthens ECP's retina clinical capabilities and market position in Michigan; financial terms were not disclosed.
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Centers Laboratory LLC Acquires Medical Laboratory Diagnostics (MedLabs) from Caymus Equity PartnersSeptember 1, 2019
- Buyer
- Centers Laboratory LLC
- Target
- Medical Laboratory Diagnostics, LLC (MedLabs)
- Seller
- Caymus Equity Partners LLC
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Buyout
Centers Laboratory LLC acquired Medical Laboratory Diagnostics, LLC (MedLabs) from Caymus Equity Partners; the transaction closed on September 16, 2019. MedLabs, headquartered in Cedar Knolls, New Jersey, operates 26 patient service centers and provides clinical diagnostic testing to thousands of physician customers.
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August 30, 2019
- Buyer
- HealthEquity, Inc.
- Target
- WageWorks, Inc.
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Buyout
HealthEquity, Inc. (NASDAQ: HQY) completed its acquisition of WageWorks, Inc. (NYSE: WAGE), combining the businesses to create a leading administrator of Health Savings Accounts (HSAs) and complementary consumer-directed benefits. HealthEquity also announced an $80–100 million investment to repatriate WageWorks customer care to the United States, expand digital and live member engagement, and unify administration on a single platform.
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August 29, 2019
- Buyer
- West Street Capital Partners VII (Goldman Sachs Merchant Banking Division)
- Target
- Capital Vision Services, LP
- Seller
- Altas Partners, Caisse de dépôt et placement du Québec (CDPQ)
- Industry
- Healthcare Services
- Location
- Virginia, United States
- Type
- Buyout
West Street Capital Partners VII, a fund managed by Goldman Sachs Merchant Banking Division, agreed to acquire Capital Vision Services, LP (the manager of MyEyeDr. optometry practices) from Altas Partners and Caisse de dépôt et placement du Québec (CDPQ). The transaction (announced June 2019 and expected to close Q3 2019) expands Goldman Sachs' healthcare-services portfolio and aims to scale CVS' network of affiliated MyEyeDr. practices nationwide.
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August 28, 2019
- Buyer
- CareDx, Inc.
- Target
- XynManagement
- Industry
- Healthcare Services
- Location
- Texas, United States
- Type
- Buyout
CareDx, Inc. completed the acquisition of XynManagement, a provider of transplant quality-tracking software (XynQAPI) and waitlist management services. The deal adds pre-transplant patient outreach and analytics capabilities to CareDx's Digital Solutions portfolio and will integrate XynManagement products with CareDx offerings to expand patient reach and transplant analytics.
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