GI Partners Acquires GTY Technology Holdings in $374 Million Deal

GI Partners Acquires GTY Technology Holdings in $374 Million Deal

GI Partners, a private investment firm, announced it acquired GTY Technology Holdings Inc., a SaaS company that offers solutions for governments, educational institutions and healthcare organizations, for $374 million. GI Partners, founded in 2001, has more than 130 employees with offices in San Francisco, New York, Chicago, Greenwich, Scottsdale and Dallas. The firm’s assets under management total $35 billion and it invests primarily in companies in the healthcare, IT infrastructure, services and software sectors. Boston-based GTY Technology Holdings provides services spanning functions in procurement, payments, grant management, budgeting and permitting. GTY shareholders received $6.30... Read More »
Health Plans, Inc. Acquires Employers Health Network

Health Plans, Inc. Acquires Employers Health Network

Health Plans, Inc. (HPI) announced on July 11 that it acquired managed care organization Employers Health Network. Financial terms of the deal were not disclosed.  HPI is a national third-party administrator that partners with health plan brokers and employers to provide self-funding strategies and customized plans, giving employers greater cost transparency and control. The company is based in Westborough, Massachusetts and was founded in 1981. Employers Health Network (EHN) is an Irving, Texas-based company that provides comprehensive healthcare plans. EHN’s plans connect employees directly with healthcare providers and its transparent pricing allows customers to see,... Read More »
​​Harvest Partners’ Dental Care Alliance Expands Into New York and Texas

​​Harvest Partners’ Dental Care Alliance Expands Into New York and Texas

Dental Care Alliance announced that it acquired Nevid Dental in Pawling, New York, and Burleson Pediatric Dentistry in Burleson, Texas, for undisclosed prices. The acquisitions mark Dental Care Alliance’s fifth and sixth deals of 2022 and the company’s 11th deal in the LevinPro HC database. Founded in 1991 and headquartered in Sarasota, Florida, Dental Care Alliance (DCA) is a portfolio company of Harvest Partners, LP. DCA is one of the largest multi-branded dental support organizations in the U.S., with 380 affiliated dental offices and more than 775 dentists across 21 states. DCA’s allied practices represent all dental specialties and treat patients under more than 140 brand names. Nevid... Read More »
PE-Backed Advanced Dermatology and Cosmetic Surgery Acquires Esterson Dermatology

PE-Backed Advanced Dermatology and Cosmetic Surgery Acquires Esterson Dermatology

Advanced Dermatology and Cosmetic Surgery (ADCS), a portfolio company of private equity firms Harvest Partners and Audax Private Equity, announced on June 28 the acquisition of Esterson Dermatology in Pikesville, Maryland. The acquisition marks the 160th location for ADCS as it continues to expand nationwide. Terms of the deal were not disclosed. Esterson Dermatology is a private practice led by Dr. Faith Esterson, a board-certified dermatologist and fellow of the American Academy of Dermatology. With offices in 14 states, ADCS was founded in 1989 and treats patients for conditions of the skin, hair and nails and offers advanced skin cancer treatments. It also offers non-surgical and... Read More »
Investment Firm New Mountain Capital Buys Contract Research Organization Emmes

Investment Firm New Mountain Capital Buys Contract Research Organization Emmes

New Mountain Capital (NMC) announced that it is acquiring Emmes, a contract research organization (CRO) based in Rockville, Maryland, from Behrman Capital.  Founded in 1999, New Mountain Capital is an investment firm taht manages more than $35 billion in assets. It is based in New York City with offices in San Francisco and London. During 2021, NMC raised more than $10.2 billion in private equity funding.  Emmes serves academic institutions, government agencies, non-profit organizations, foundations and biopharmaceutical companies in more than 60 countries. Emmes has more than 1,300 employees and achieved $110 million in 2021 revenue. It was founded in 1977.  This is NMC’s... Read More »
Confluent Health-backed Strive Physical Therapy Acquires Dresher Physical Therapy

Confluent Health-backed Strive Physical Therapy Acquires Dresher Physical Therapy

Strive Physical Therapy and Sports Rehabilitation, backed by Confluent Health, a subsidiary of the private equity firm Partners Group, acquired Dresher Physical Therapy on June 23. Financial terms of the deal were not disclosed.  Founded in 2005, Strive Physical Therapy and Sports Rehabilitation is a physical therapy practice. It has 265 employees across 32 clinics in New Jersey and greater Philadelphia. The practice deals with sports medicine, work injuries, neurological conditions, occupational therapy and more. Dresher Physical Therapy is a private, therapist-owned physical therapy practice with two locations in Blue Bell and Fort Washington, Pennsylvania. It has 11 physical... Read More »