DuvaSawko (Varsity-backed) Merges with abeo; Parthenon Exits

DuvaSawko / abeo and Gottlieb Complete Strategic Combination

May 3, 2021

Healthcare Services

DuvaSawko / abeo, a Varsity Healthcare Partners–backed provider of outsourced revenue cycle management (RCM) and practice management solutions, has completed a strategic combination with Gottlieb, a multi-vertical RCM and practice management provider. The deal (terms undisclosed) combines capabilities and scale to create one of the largest outsourced RCM and practice management platforms serving anesthesia, emergency medicine and hospitalist practices; management from both companies will remain significant shareholders.

Varsity Healthcare Partners Recapitalizes Probo Medical

October 1, 2018

Medical Devices

Varsity Healthcare Partners completed a joint recapitalization and growth capital partnership with Probo Medical, a vertically-integrated reseller of refurbished ultrasound systems and probes. Probo's founder and CEO David Trogden will remain in place as the company partners with VHP to accelerate growth through strategic acquisitions and expanded global procurement and sales capabilities.

Kipu Health Acquires Avea Solutions

September 29, 2021

Healthcare Services

Kipu Health, a provider of cloud-based electronic medical records and billing solutions for behavioral health providers, has acquired Avea Solutions, a revenue cycle management software provider for addiction and behavioral health treatment centers. The deal integrates Avea’s billing and RCM capabilities into Kipu’s clinical and revenue platform to streamline operations and improve reimbursement for treatment centers.

Varsity Healthcare Partners Forms United Aesthetics Alliance and Completes Initial Investment in Edina Plastic Surgery

September 19, 2023

Healthcare Services

Varsity Healthcare Partners formed a new platform, United Aesthetics Alliance (UAA), to consolidate cosmetic surgery and medical spa practices and completed an initial recapitalization and growth capital investment in Edina Plastic Surgery, Edina Surgery Center, and Skin Artisans. The partnership will support expansion across Minnesota through new hires, facility expansion, centralized patient marketing, and selected strategic acquisitions.

Avista Capital Partners Acquires Probo Medical from Varsity Healthcare Partners

March 8, 2022

Healthcare Services

Avista Capital Partners has acquired Probo Medical, a global supplier of refurbished diagnostic imaging equipment and related services, from Varsity Healthcare Partners. The transaction (terms undisclosed) will support Probo’s growth and international expansion of its repair, rental, sales and service capabilities across multiple imaging modalities.

Viveon Health Acquisition Corp. to Merge with Suneva Medical

January 12, 2022

Medical Devices

Suneva Medical, a San Diego–based regenerative aesthetics medical technology company, has entered into a definitive merger agreement with special purpose acquisition company Viveon Health Acquisition Corp. The transaction will combine Suneva with the public SPAC vehicle (NYSE American: VHAQ) to provide growth capital and public-market access for Suneva, with the combined company expected to trade on the NYSE under the symbol "RNEW."