More Competition Coming in Behavioral Health Care

More Competition Coming in Behavioral Health Care

by | Sep 9, 2019 1:30 pm | Behavioral Health Care

It’s been a wild ride in recent years. Merger and acquisition activity in the Behavioral Health Care sector soared to a record 91 transactions in 2018, an increase of 264% over 2014 (25 deals) and up 60% compared with 2017 (57 deals). The majority of the 2018 deals—63%, in fact—were made by private equity firms or their portfolio companies. For the record, PE firms accounted for 46% of all acquisitions and 24% of the spending in the nine healthcare services sectors last year. M&A in this sector hasn’t been as robust in 2019. With 50 deals reported through the first week in September, the sector isn’t likely to see another 40 announced by the end of the year. One reason for the slowing... Read More »
After a Two-Year Buying Spree, Bain Sells Majority Stake in Waystar

After a Two-Year Buying Spree, Bain Sells Majority Stake in Waystar

by | Jul 30, 2019 11:08 am | eHealth, Private Equity

Almost two years ago, in September 2017, Bain Capital Private Equity acquired cloud-based revenue cycle management (RCM) company ZirMed for a reported $750 million and merged it with its own revenue cycle management company, Navicure. The combination formed Waystar, which integrated ZirMed’s business and clinical performance management solutions with Navicure’s own cloud-based RCM platform that focused on medical claims management, patient payment and data analytics solutions. Pedal to the Metal A year later, in September 2018, Waystar went on an acquisition spree. Its first target, Connance, provides predictive analytics solutions to more than 500 hospitals, thousands of... Read More »
U.S. Renal Care Gets Big New Backers

U.S. Renal Care Gets Big New Backers

by | Feb 22, 2019 4:13 pm | Laboratories, MRI & Dialysis, Private Equity

U.S. Renal Care has new owners, as of February 13. It marks the first renal-related transaction in 2019 and it won’t be the last. The national dialysis provider was backed by a consortium of private equity firms such as Leonard Green & Partners, Frazier Healthcare Partners, New Enterprise Associates and Cressey & Company. Stepping in to take over is Bain Capital Private Equity, Summit Partners and Revelstoke Partners, with participation by the company’s executive management team. Financial terms were not disclosed, naturally. U.S. Renal Care works with nephrologists to develop, acquire and operate outpatient treatment centers for people suffering from chronic kidney... Read More »