Goldman Sachs Exits Marathon Health Investment

After a three-year partnership, Goldman Sachs is selling Marathon Health to General Atlantic LLC. Goldman Sachs acquired the company for $30 million back in 2016. Financial terms were not disclosed for the sale. Marathon Health provides digital health solutions to providers and healthcare organizations to help with health assessment, risk identification, coaching and advocacy, including disease management for high-cost chronic conditions. Marathon’s platform also offers electronic health record management, fitness tools and wellness support. General Atlantic’s majority stake investment will help Marathon further scale its operations and footprint to serve employees, spouses and... Read More »
Ante Up: Private Equity Firms Bet Big on Physician Medical Groups

Ante Up: Private Equity Firms Bet Big on Physician Medical Groups

In the first half of 2019, there were 72 physician medical group deals announced, and approximately 63% of those involved private equity firms as the buyer, according to our Deal Search Online database. And some were major deals too. Early in June, we reported that West Street Capital Partners VII, the private equity arm of Goldman Sachs (NYSE: GS), acquired Capital Vision Services LP for $2.7 billion from Altas Partners LP and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ). If Capital Vision Services LP doesn’t ring a bell, that’s because they operate under the trade name MyEyeDr.  The target company employs approximately 560 optometrists and... Read More »
MyEyeDr Acquired by Goldman Sachs’ PE Firm

MyEyeDr Acquired by Goldman Sachs’ PE Firm

West Street Capital Partners VII, the private equity arm of Goldman Sachs (NYSE: GS), dove into the ophthalmology market with its $2.6 billion deal for privately held Capital Vision Services. If that name doesn’t sound familiar, its operating trade name might ring a bell: MyEyeDr. The sellers were Altas Partners LP and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), which paid $775 million to acquire the physician network in 2015. At the time, MyEyeDr had only 165 physicians in seven states. The company expects to have 575 practices in 18 states by the end of 2019. Ophthalmology practices continue to be a hot commodity, especially for PE firms.  The eye care... Read More »