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Aurelius Makes Biggest Acquisition to Date with McKesson UK Deal
Aurelius Healthcare Sdn Bhd has acquired McKesson UK in a corporate carve-out from the Irving, Texas-based healthcare company McKesson Corporation for £477 million (equivalent to $649 million). The deal will be completed by Aurelius’ newly launched co-investment structure with Aurelius European Opportunities Fund IV controlling a 70% stake and Aurelius Equity Opportunities SE & Co KGaA controlling 30%. The transaction is expected to close in Q1 2022. Millions across the United Kingdom rely on McKesson UK’s services. The Coventry, United Kingdom-based company provides integrated healthcare services to the NHS, specializing in medicines, pharmaceutical care and primary care patient... Read More »Pinnacle Dermatology Gets New Owner
After more than five years as partners, Chicago Pacific Founders is exiting its investment in Pinnacle Dermatology. The private equity firm is selling its dermatology platform to BayPine, an investment firm based in Boston. No purchase price was disclosed in the private transaction, but affiliates of J.P. Morgan, Goldman Sachs Asset Management, and AB Private Credit Investors are supporting the financing of the transaction as lenders. Chicago Pacific Founders will roll a portion of its ownership in Pinnacle post-closing. Pinnacle provides comprehensive management services to 87 clinical locations across 11 states. Its affiliated clinical practices include board-certified dermatologists,... Read More »
PE-Backed EyeCare Partners Acquires CEI Vision
Two major ophthalmology groups have announced a merger. EyeCare Partners (ECP), a portfolio company of Partners Group, is acquiring CEI Vision Partners, a leading ophthalmology services organization formed in 2018. No price was officially disclosed, but PE Hub values the transaction at around $600 million. CEI Vision Partners was backed by Revelstoke Capital Partners. The combination will create one of the largest organizations in the clinically integrated eye care field. The deal will especially bolster ECP’s national medical group and add more than 150 providers across all major subspecialties in ophthalmology and optometry in 47 clinical centers and eight ambulatory surgical... Read More »
Clearlake-backed nThrive Acquires TransUnion’s Healthcare Business
nThrive, Inc., backed by Clearlake Capital Group, L.P., announced that it has signed a definitive agreement to acquire TransUnion Healthcare, inc., the healthcare data and analytics business of TransUnion, in a $1.75 billion all-cash deal. The acquisition, which is expected to close in the fourth quarter of 2021, will let TransUnion focus on its core businesses of credit, marketing and fraud mitigation solutions. TransUnion Healthcare, a wholly owned subsidiary of TransUnion, provides consumers with online data and analytic services to maximize reimbursement throughout the revenue cycle. The company helps over 1,850 hospitals and 650,000 physicians collectively recover more than $1.2... Read More »
LifePoint Health and Kindred Healthcare Launch New Company ScionHealth
On October 26th, LifePoint Health and Kindred Healthcare announced plans to establish a new healthcare company operating under the name ScionHealth upon closing of their previously announced transaction. Established in 1999, LifePoint Health is a leading healthcare company dedicated to its mission of Making Communities Healthier®. Through its subsidiaries, the company provides quality inpatient, outpatient and post-acute services close to home. Headquartered in Brentwood, Tennessee, LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across 29 states. Louisville, Kentucky-based Kindred Healthcare is the... Read More »
LHC Group Previews Q3 Results
On October 18, 2021, LHC Group, Inc. provided a preview of its expected results for the third quarter which ended on September 30, 2021, as well as an update to its previously reported guidance for the year ending on December 31, 2021. Founded in 1994, LHC Group, Inc. is a national provider of in-home healthcare services and innovations for communities around the nation. The company’s 30,000 employees deliver home health, hospice, home and community-based services, and facility-based care in 35 states and the District of Columbia, reaching 60% of the U.S. population aged 65 and older. In their quarterly report preview, LHC Group reported several headwinds that they experienced during... Read More »
Retina Consultants of America Announces Acquisition of Colorado Retina Associates
On October 20, Retina Consultants of America (RCA) announced its acquisition of Colorado Retina Associates (CRA), a physician-owned and -led sub-specialty eye care practice providing medical and surgical care of vitreoretinal eye conditions. The addition of Colorado Retina Associates will add a key partner in the Rocky Mountain Region and expand RCA’s footprint into an entirely new territory. CRA was founded in 2006 through the merger of three prominent retina practices in the Denver MSA. Today, CRA has grown to include 13 board-certified and fellowship-trained ophthalmologists across eight locations who care for more than 71,000 patients annually. Formed by Webster Equity Partners and... Read More »
23andMe Merges With Telemedicine Platform Lemonaid Health
On October 22, 23andMe Holdings Co. announced the signing of a definitive merger agreement with Lemonaid Health, Inc., an on-demand platform for accessing medical care and pharmacy services online, for $400 million. A quarter of the purchase price will be paid in cash and 75% in shares of 23andMe Class A Common Stock. The acquisition, expected to close by the end of 2021, will add Lemonaid Health’s innovative telemedicine and prescription drug delivery services to 23andMe’s consumer business. Headquartered in Sunnyvale, California, 23andMe is a leading consumer genetics and research company that created the world’s largest crowdsourced platform for genetic research. Founded in 2006, the... Read More »Levine Leichtman Capital Partners Sells Caring Brands International
Levine Leichtman Capital Partners has announced that it has sold its portfolio company Caring Brands International, Inc., a leading global franchisor of home healthcare services founded in 1966, to Wellspring Capital. Levin Leichtman Capital Partners (LLCP) is a Los Angeles-based middle-market private equity firm with a 38-year track record of investing across various targeted sectors, including franchising, business services, education and engineered products. Since its inception, LLCP has managed approximately $12.7 billion of institutional capital across 15 investment funds and has invested in over 90 portfolio companies. Currently, LLCP manages $9.0 billion of assets. Headquartered in... Read More »Schedule a demo
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