Cigna Sells Evernorth Care Group to HonorHealth

Cigna Sells Evernorth Care Group to HonorHealth

HonorHealth announced on September 3 that it has entered into an agreement with The Cigna Group to bring Evernorth Care Group’s clinic locations into the HonorHealth family. Evernorth Care Group operates 18 clinics in the Phoenix, Arizona MSA and provides integrated primary care services to nearly 80,000 patients. HonorHealth is a nonprofit, local healthcare system serving an area of 1.6 million people in the Phoenix MSA. The network encompasses six acute-care hospitals, an extensive medical group, outpatient surgery centers, a cancer care network, clinical research, medical education, a foundation and community services. It has approximately 13,700 team members, 3,700 affiliated... Read More »
EVERSANA Merges with Waltz Health 

EVERSANA Merges with Waltz Health 

EVERSANA announced on August 26 that it entered into an agreement with Waltz Health to merge into one company.  Waltz Health is a digital health company that develops technologies and services to support better-informed decisions on prescription care. Designed for payers, pharmacies, pharmacy benefit managers and self-insured employers, the company offers AI-driven marketplaces to lower overall drug costs. This provides better pricing options and more information for consumers while also helping payers take control of their pharmacy benefits.  EVERSANA provides a fully integrated and independent commercial services platform designed to address global pricing, access,... Read More »
PE-Backed Emergency Care Partners Merges with The Emergency Center of Arizona

PE-Backed Emergency Care Partners Merges with The Emergency Center of Arizona

Emergency Care Partners (ECP), a leading national emergency medicine services provider, has announced the completion of a strategic merger with The Emergency Center of Arizona (TEA). TEA is a physician-led emergency medicine services provider operating freestanding emergency centers in Arizona. Staffed by approximately 200 board-certified physicians and specialty-trained nurses, TEA provides emergency care for a wide range of medical conditions, serving communities with accessible, hospital-level services outside traditional hospital settings. ECP is a portfolio company of Varsity Healthcare Partners and Regal Healthcare Capital Partners. The company provides emergency medicine and... Read More »
H.I.G. Capital Announces Strategic Investment in Avanta Salud Integral

H.I.G. Capital Announces Strategic Investment in Avanta Salud Integral

On August 21, H.I.G. Capital announced that one of its affiliates has entered into a definitive agreement to take a majority stake in Avanta Salud Integral. Avanta Salud Integral, headquartered in Valencia, Spain, is an occupational health and safety services provider. The company offers both highly regulated mandatory and elective services to more than 100,000 clients, covering more than 1 million employees through a network of more than 250 medical centers and mobile units. H.I.G. Capital is a global private equity and alternative assets investment firm with $70 billion of capital under management. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies... Read More »
Great Hill Partners Acquires Blue Cloud Pediatric Surgery Centers From The Rise Fund 

Great Hill Partners Acquires Blue Cloud Pediatric Surgery Centers From The Rise Fund 

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... Read More »
THL Partners Acquires Headlands Research 

THL Partners Acquires Headlands Research 

On August 14, THL Partners announced that it acquired Headlands Research from KKR & Co.  Headlands Research is a globally integrated clinical trial site organization. With a multinational network of 21 clinical trial sites, Headlands Research has successfully completed more than 5,000 clinical trials. It is based in San Francisco, California.  THL Partners is a private equity firm investing in middle-market growth companies exclusively within three sectors: healthcare, financial technology & services and technology & business solutions. Since 1974, THL has raised more than $35 billion of equity capital, invested in upwards of 170 companies and completed more than 600... Read More »