Kelsey-Seybold, TPG Capital, Houston, value-based care, Dupage Medical, healthcare

Houston’s Kelsey-Seybold snags investment from TPG

TPG Capital is investing in Kelsey-Seybold Clinic, a doctor-owned integrated healthcare organization in the greater Houston area, according to three sources familiar with the matter. The private equity firm, based in Fort Worth, Texas, and San Francisco, has agreed to make a minority investment in the medical group, two of the sources said. Kelsey-Seybold’s physician-owners […]

ERT, eResearchTechnology, Astorg, Nordic Capital, eClinical, pharma services, eCOA

Astorg investment in Nordic’s ERT values eClinical company at $3.8 bln

Astorg has joined eResearchTechnology’s existing investor base in a transaction valuing the fast-growing clinical trial technology company at approximately $3.8 billion, Buyouts has learned. The Paris buyout firm joins Nordic Capital and Novo Holdings A/S, both of which have stayed on as investors in Philadelphia, Pennsylvania-based ERT, alongside management. Nordic, which initially invested through Fund VIII, […]

21st Century Oncology, radiology therapy, private equity, bankruptcy, Beach Point Capital Management

21st Century Oncology, owned by debt holders, launches auction amid comeback

Almost two years after emerging from Chapter 11 bankruptcy, 21st Century Oncology is evaluating a sale that could ultimately value the newly-led cancer treatment company around $1 billion, according to people familiar with the matter. Initial bids are due in the next couple of weeks for the Fort Myers, Florida, company, one of the people […]

Change Healthcare, ANSOS, Symplr, QGenda, healthcare, workforce management

Change Healthcare kicks off process for Connected Analytics unit

Change Healthcare is evaluating strategic options for its Connected Analytics business—which includes staff scheduling software ANSOS—as the healthcare tech giant focuses on growing its core operations, according to three sources familiar with the matter. William Blair is providing financial advice on the process, the people said. Conversations with potential buyers recently began but are in […]

Blue Sea Capital, DDS Lab, dental prosthetics, CITIC Capital

DDS Lab, backed by Blue Sea, CITIC Capital, launches sales process

DDS Lab, the dental lab company backed by Blue Sea Capital and China’s CITIC Capital Partners, is evaluating a sale, according to sources familiar with the situation. Moelis and Houlihan Lokey are providing financial advice on a sponsor-focused sales process, and marketing materials were recently distributed to potential bidders, the sources said.   Tampa, Florida, DDS […]

Gryphon Investors, Smile Brands, dental, DSO, Steve Bilt

Gryphon’s Smile Brands awaits first-round bids

San Francisco’s Gryphon Investors is seeking a buyer for Smile Brands, one of the largest dental support organizations in the country, according to people familiar with the matter. Deal books were recently distributed, with first-round bids from potential buyers due later this month, the people said. Moelis is conducting the sales process for Irvine, California-based […]

Sumit Rajpal, Goldman Sachs, Bain Capital, Barings, Harris Williams, Audax Group, Corsair Capital

Q3 Dealmaking: Fear creeps into investor mindsets as deal flow slows

Lending to a sluggish pace of deal flow in Q3, financial sponsors are illustrating more aversion to risk and taking extra care to pick their spots in what remains an aggressive valuation environment. The fact that there hasn’t been a big shutdown in the financing market for a long time is top of mind, and […]

Cinven, National Seating & Mobility, Court Square Capital, Numotion, healthcare, durable medical equipment

Cinven buys National Seating & Mobility in ~$850 mln transaction

Marking its third U.S.-based healthcare investment, Cinven Partners has snapped up National Seating & Mobility for a total enterprise value of approximately $850 million, according to people familiar with the matter. The seller is Court Square Capital, which kicked off a Harris Williams-run auction in mid-August. Buyouts initially reported on the sponsor-focused sales process in […]

Great Hill, Mark Taber, healthcare, technology, employer benefits, self-insurer

Five Questions with Great Hill Partners’s Mark Taber

Mark Taber is managing partner at Great Hill Partners, where he leads the Boston growth-equity firm’s healthcare team. In recent activity, Great Hill in September invested in Pareto Health, which forms and manages employee benefit group captives, allowing self-insuring employers to band together to reduce healthcare costs. (In a self-insured plan the employer assumes all […]

GTCR, Cole-Parmer, Golden Gate Capital, Goldman Sachs Merchant Banking, life sciences tools, Thermo Fisher

GTCR buys back Cole-Parmer in $2 bln-plus deal, producing 3x return for Golden Gate

In today’s competitive healthcare environment, the chance to invest in a company you’ve had success with in a prior life might be a no-brainer in certain instances. Take the example of Cole-Parmer, which makes laboratory and industrial-fluid-handling products, instrumentation, equipment and supplies. The company’s management team reached out to GTCR this summer to solicit interest […]

Hospice Compassus, TowerBrook Capital, Ascension, healthcare, AccentCare, Formation Capital, Audax Private Equity

TowerBrook, Ascension lock arms with PE-backed Hospice Compassus

TowerBrook Capital Partners and non-profit Catholic health system Ascension have teamed up to buy Hospice Compassus, according to people familiar with the matter. The agreement values the Bay City, Michigan, hospice-care provider north of $1 billion, the people said, equating to a low-teens multiple of Ebitda. The pending transaction provides an exit for existing investors […]

Webster Equity Partners, opioid crisis, healthcare, BayMark, behavioral health, Acadia

Webster’s BayMark, opioid-treatment giant, launches sales process

BayMark Health Services, a PE-backed network of clinics looking to combat the nation’s opioid epidemic, has kicked off a sales process, according to people familiar with the matter. Deal books were distributed earlier this week for the Webster Equity Partners-owned company, the people said. First round bids from potential buyers are due Oct. 18, they […]

American Physician Partners, TeamHealth, Envision, Brown Brothers Harriman, healthcare, emergency room services

PE-backed American Physician Partners fields first round bids

American Physician Partners, a private equity-backed provider of outsourced emergency department services to hospitals, is evaluating a sale, according to several people familiar with the matter. Marketing materials were distributed to potential buyers earlier this month, with first round bids for the Brentwood, Tennessee, company due before the end of the week, three of the […]