GI Alliance Acquires 6th Practice of 2022
In the first week of May, Waud Capital Partners’ portfolio company, GI Alliance, announced that it had acquired two separate gastroenterology practices; Digestive Health Specialists (DHS) in Kansas City, Missouri and Gastroenterology Consultants, based in Houston, Texas. Neither of the financial terms of the deals were disclosed. GI Alliance, a portfolio company of Waud Capital Partners, provides operational support to more than 1,000 providers, including over 625 gastroenterologists and physicians and 670 advanced practice providers across 11 states. It was formed through Waud’s partnership with Texas Digestive Disease Consultants in November 2018. DHS is a leading... Read More »
Regal Healthcare Capital Partners Acquires Healthcare Staffing Agency
On April 26, one of Regal Healthcare Capital Partners’ portfolio companies, Oak Healthcare Staffing, announced that it acquired Cunningham Elite Staffing, marking the fourth healthcare staffing deal of the month. The financial terms of the transaction were not disclosed. Oak Healthcare, a travel nurse staffing firm, ensures clinical oversight and support to each nurse while on-the-job through a dedicated nurse advocacy team. Its seasoned recruiting team identifies and places high-performing nurses in 14 focused areas including the operating room, emergency room, intensive care unit, labor and delivery room and cardiac catheterization labs. Founded in 2017, Cunningham Elite Staffing... Read More »
Humana To Sell Majority Stake in Kindred at Home Hospice to CDR
Humana Inc., one of the largest health insurance companies in the United States, has signed a definitive agreement to sell a majority stake in Kindred at Home’s hospice and personal care businesses to New York-based private equity firm Clayton, Dubilier & Rice (CDR) for $2.8 billion. CDR is acquiring a 60% stake in the Kindred at Home personal care and hospice divisions, and Humana will retain the remaining 40%. Humana had previously acquired 40% ownership of Kindred in 2018, with the private equity firms Welsh, Carson, Anderson & Stowe (WCAS) and TPG Capital holding the remaining 60%. Last year, Humana bought out the two firms’ shares for $5.7 billion, and quickly announced plans... Read More »
Another Private Equity Company Ventures into Physician Medical Groups
On March 4, Nordic Capital, a Swedish private equity group, announced that it acquired CARE Fertility, the United Kingdom’s leading fertility clinic group, specifically focusing on IVF treatment. Nordic Capital is a leader in Nordic private equity investments that has invested upwards of $20 billion in more than 120 companies. While CARE Fertility has been at the forefront of IVF science and clinical technology for over 25 years. The company has an outstanding reputation based on its excellent success rates, high medical standards and clinical leadership. It has 23 locations across the United Kingdom. Global law firm White & Case LLP advised Nordic Capital on the... Read More »
