Hightop Health Purchases Roots Behavioral Health
Hightop Health announced on February 22 the acquisition of Roots Behavioral Health (RBH) in Austin, Texas. Founded in 2016, RBH is a family-owned behavioral health clinic. RBH offers various evidence-based treatment modalities under one roof including ketamine therapy, psychotherapy and medication management. Backed by private equity firms JLL Partners and SV Health Investors, Hightop Health offers an outpatient mental health platform that uses an integrative and measurement-based approach to care. Brentwood Capital Advisors acted as the exclusive financial advisor to RBH and Polsinelli PC served as Hightop Health’s legal counsel for this transaction. Financial terms of the deal were not... Read More »
Cotiviti Announces Recapitalization with KKR and Veritas Capital
Cotiviti announced that it has entered into a definitive agreement to recapitalize the business with affiliates of its long-standing partner Veritas Capital and investment funds managed by KKR. Cotiviti is a healthcare analytics company based in Wilton, Connecticut. The company also supports the retail industry with data management and recovery audit services that improve business outcomes. Veritas Capital is a private equity firm which invests in companies that provide critical products and services, primarily technology and technology-enabled solutions to the aerospace and defense, healthcare, technology, communications, energy and education industries. KKR is a leading global investment... Read More »
TruDoc Healthcare Acquires Wellthy Therapeutics
TruDoc Healthcare announced that it has acquired Mumbai, India-based Wellthy Therapeutics, Asia’s leading clinically validated chronic disease management platform. Founded in 2011 in the United Arab Emirates, TruDoc is a telehealth and virtual care provider, including virtual clinics and hospitalist programs for telemonitoring for acute and chronic care. Private equity firm Pulsar Capital acquired a majority stake in TruDoc in September 2023. The integration of Wellthy Therapeutics’ behavioral science and digital therapeutic solutions with TruDoc’s virtual and in-home healthcare services ensures round-the-clock access to high-quality care, tailored treatment plans and... Read More »
Varsity Healthcare Partners Completes Sale of Angels of Care
Varsity Healthcare Partners (VHP), a Stamford, Connecticut-based lower middle-market private equity investment firm, announced on February 13 it closed its sale of Angels of Care to Nautic Partners. VHP originally acquired a majority stake in Angels of Care in April 2019 and, during the course of its investment, partnered with the management team to expand Angels of Care’s geographic service area from two states to seven and grow into one of the largest pediatric home healthcare providers in United States. Now, VHP is selling its stake in the company. Terms of the transaction were not disclosed. Angels of Care provides comprehensive home health services to pediatric patients... Read More »
