Great Hill Partners, based in Massachusetts, announced that it acquired Blue Cloud Pediatric Surgery Centers from TPG’s The Rise Fund.
Blue Cloud Pediatric Surgery Centers is the largest operator of pediatric dental ambulatory surgery centers (ASCs) in the United States, with 15 facilities across six states serving more than 23,000 patients each year. Founded in 2011, it performs more pediatric dental surgeries per year than any other healthcare provider in the United States, primarily serving Medicaid and special needs patients. The company is based in Glen Rock, Pennsylvania.
Great Hill Partners is a leading growth-oriented private equity firm. It targets investments of $100 million to $500 million in high-growth companies across the software, financial services, healthcare, consumer and business services sectors.
Evercore served as exclusive financial advisor to Blue Cloud and Houlihan Lokey served as exclusive financial advisor to Great Hill. Goodwin Procter LLP acted as legal counsel to Great Hill, while Kirkland & Ellis LLP advised Blue Cloud. Terms of the transaction were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 11th ASC acquisition of the year. There were 36 ASC transactions announced during 2024, and 27 announced in 2023. This also marks Great Hill’s first acquisition of 2025.
