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WindRose Health Adds New Behavioral Health Platform

WindRose Health Adds New Behavioral Health Platform

by | Aug 4, 2020 7:57 am | Behavioral Health Care, Private Equity

After a brief pause in the healthcare M&A market, WindRose Health Investors, LLC is back with a new investment. The private equity firm announced it acquired Caregiver Inc., a provider of behavioral services to adults with intellectual and developmental disabilities (IDD), for an undisclosed sum. It operates 800 properties in Texas, Tennessee, Indiana, and Ohio and employs 3,900 people. With WindRose’s investment, Caregiver will be able to expand into new markets across the United States and increase its market share within existing markets. WindRose purchased its stake from DW Healthcare Partners and Council Capital, who will both retain an ownership stake in the business going... Read More »
EyeCare Partners Had a Busy Second Quarter

EyeCare Partners Had a Busy Second Quarter

by | Aug 4, 2020 7:55 am | Physician Medical Groups, Private Equity

It’s not surprising to find new deals weeks or months down the line, but EyeCare Partners announced a bunch of transactions from the second quarter — five to be exact — last week. EyeCare added Vitreous Retina Macula Specialists of New Jersey (Somerset, New Jersey), Foothills Eye Care (King, North Carolina ), 2020 Vision Care (St. Louis, Missouri), The Retina Clinic (Mine Hill, New Jersey), and Patel Retina Institute (Clarks Summit, Pennsylvania). EyeCare technically closed six deals in the second quarter, acquiring Phoenix-based Arizona Eye Institute & Cosmetic Laser Center, but that transaction was disclosed in late June, according to DSO. The six new acquisitions give... Read More »
Benefytt Technologies Gets New PE Investment

Benefytt Technologies Gets New PE Investment

by | Jul 28, 2020 8:23 am | Managed Care, Private Equity

Madison Dearborn Partners, the Chicago-based private equity firm, isn’t a major investor in the healthcare market, especially compared with some other firms, but it did announce a new acquisition in July. The private equity firm purchased Benefytt Technologies, Inc. (NASDAQ: BFYT) for $420.7 million. Madison Dearborn paid $31 cash per share (13.57 million shares), a 59% premium over the 30-day volume-weighted average price per share of Benefytt’s common stock through the close of trading on July 10, 2020.  Benefytt Technologies develops and operates private e-commerce health insurance marketplaces, purchaser engagement platforms, agency technology systems and insurance policy... Read More »
NMS Capital-Backed Physician Group Adds New Dermatology Practice

NMS Capital-Backed Physician Group Adds New Dermatology Practice

by | Jul 7, 2020 8:20 am | Physician Medical Groups, Private Equity

A portfolio company of NMS Capital announced in the last week of June it has acquired a Maryland-based dermatology practice, capping off a busy month for the private equity firm. Anne Arundel Dermatology Management (ADM) purchased Chevy Chase Cosmetic Center and Dermatology & Cosmetics Surgery Associates (CCCC), a dermatology practice founded in 1992 with four physicians and multiple locations in Chevy Chase and Greenbelt in Maryland. No terms were disclosed With the addition of CCCC, ADM now provides support services to over 65 clinic locations across four states and over 155 providers. CCCC will benefit from ADM’s administrative and support services, including investments in... Read More »
Private Equity Still Driving Behavioral Health Deals

Private Equity Still Driving Behavioral Health Deals

by | Jun 1, 2020 11:25 am | Behavioral Health Care, Private Equity

As healthcare M&A deal volume drops, particularly in the services sectors, behavioral health targets are still in hot demand, especially for private equity firms. Roughly 18% of deals announced by a PE buyer in the second quarter have targeted companies in the Behavioral Health Care sector, the highest concentration for any of the healthcare sectors. That statistic certainly correlates with the spike in demand for mental health services triggered by the anxiety surrounding COVID-19, as outlined in this article from The Chartis Group, an advisory and analytics services firm focused on the healthcare industry. Additionally, in early March, the U.S Centers for Medicare & Medicaid... Read More »

Private Equity in the Age of COVID-19

by | May 5, 2020 9:01 am | Private Equity

The effects of the COVID-19 on the healthcare M&A market will be difficult to discern for some time. Dealmaking takes a few months at least, so most announced transactions today were set in motion before the pandemic hit. The first quarter essentially dodged a bullet, but the start of Q2 is a much more precarious situation for investors and private equity. States are eager to loosen social distancing guidelines to boost the economy, but changing the public’s perceived risk of infection might not be so easy, so creating a rebound might prove a significant challenge. Hospitals and providers are still dealing with the flood of COVID-19 patients, cutting off revenues from elective... Read More »