Kelso & Company and Blue Wolf Capital Partners Acquire Jordan Health Services from Palladium Equity Partners

Kelso & Company Acquires Vālenz Health from Great Point Partners

June 21, 2023

Healthcare Services

Kelso & Company completed a majority equity investment in Vālenz Health, with Great Point Partners exiting after a six-year partnership. The capital infusion will support Valenz’s organic and acquisitive growth plans to expand its payment integrity, cost-containment and healthcare data capabilities; terms were not disclosed.

Blue Wolf Capital Partners Acquires RHA Health Services

August 5, 2019

Healthcare Services

New York-based private equity firm Blue Wolf Capital Partners has acquired RHA Health Services, a multi-state provider of community-based services for individuals with intellectual and developmental disabilities and behavioral health needs. The transaction involved a sale by prior investors Formation Capital and Safanad Limited and positions Blue Wolf to grow RHA's services across the Southeastern and Mid-Atlantic United States.

H.I.G. Growth Partners Sells Just Home Healthcare Services in Two-Part Divestiture

December 6, 2023

Healthcare Services

H.I.G. Growth Partners completed the sale of its portfolio company Just Home Healthcare Services (JHC) in two transactions: the Personal Home Care and Adult Day Health segments were sold in April 2023 to Honor Health Network (backed by Webster Equity Partners), and the Group Home and Independent Living Program segments were sold in October 2023 to RHA Health Services (backed by Blue Wolf Capital). H.I.G. acquired JHC in January 2017 and during its hold the company expanded group home capacity, grew home-care census hours and materially improved revenue and EBITDA prior to the divestitures.

Kelso & Company Invests in Pathstone; Lovell Minnick Partners Continues Support

May 27, 2023

Wealth Management

Kelso & Company completed a strategic equity investment in Pathstone in May 2023, joining existing investor Lovell Minnick Partners which is increasing its capital commitment. Pathstone, an independent wealth management and family office advisory firm with more than 350 employees across 17 offices and over $80 billion in client assets, will use the capital to invest in people, technology, and to accelerate its growth and M&A strategy while management continues to run day-to-day operations.

Vālenz Health Acquires Healthcare Bluebook

July 11, 2024

Healthcare Services

Vālenz Health has completed its acquisition of Healthcare Bluebook, combining Valenz’s cost containment, payment integrity and care management capabilities with Healthcare Bluebook’s price-and-quality navigation platform. The deal (announced July 2024 and now closed) integrates Healthcare Bluebook into Valenz’s platform to expand member engagement, data-driven value navigation and payment integrity offerings; Kelso & Company is the capital partner for Valenz and Primus Capital was Healthcare Bluebook’s capital partner.

Palladium Equity Partners Acquires Health Connect America

August 10, 2021

Healthcare Services

Palladium Equity Partners acquired Health Connect America, a Tennessee-based multi-state behavioral health services platform, from Harren Equity Partners. Health Connect America provides community- and office-based behavioral health services (including autism services) across the Southeast and is primarily reimbursed by Medicaid; Palladium intends to expand the company into new states and service lines. Transaction terms were not disclosed.