Varsity Healthcare Partners Completes Sale of Angels of Care

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 »
Orthopedic Care Partners Partners With Palm Beach Hand to Shoulder

Orthopedic Care Partners Partners With Palm Beach Hand to Shoulder

Orthopedic Care Partners (OCP), a portfolio company of Varsity Healthcare Partners, announced its strategic affiliation with Palm Beach Hand to Shoulder in Jupiter, Florida.  Palm Beach Hand to Shoulder is an orthopedic practice owned by Veronica A. Diaz, MD, a board-certified, shoulder fellowship-trained orthopedic surgeon. Since 2010, Dr. Diaz has performed thousands of procedures and specializes in the management of degenerative, traumatic and sports-related conditions of the shoulder and upper extremity. According to its website, Dr. Diaz is the only provider on staff.   OCP is a strategic partner and support organization for top-performing orthopedic practices across the... Read More »
Spotlight on Cardiology and the Mounting Interest from Private Equity

Spotlight on Cardiology and the Mounting Interest from Private Equity

Cardiology has been described as the “hot commodity” among private equity groups looking to increase investment in healthcare. Factors including significant patient demand for the services, more procedures shifting to outpatient settings, and the smaller number of existing independent practices compared to cardiologists working for health systems, have fostered competition in the sector and driven valuations higher than in any other specialty. A number of private equity firms have established platforms including Webster Equity Partners with Cardiovascular Associates of America, Ares Management and US Heart and Vascular, and Varsity Healthcare... Read More »
Emergency Care Partners Buys Ascension Emergency Physicians

Emergency Care Partners Buys Ascension Emergency Physicians

Emergency Care Partners (ECP), backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners, has acquired Ascension Emergency Physicians. The target provides outsourced emergency department management services to Our Lady of the Lake Ascension, formerly known as St. Elizabeth Hospital. Financial terms were not disclosed. ECP provides emergency medicine and outsourced emergency department management services to hospital facilities across Lousiana, New York, and Pennsylvania. ECP was initially formed through the joint recapitalization of Professional Emergency Medicine Management (PEMM) and Professional Emergency Physicians Associates (PEPA). The combined emergency medicine... Read More »
Emergency Care Partners Buys ED Management Group

Emergency Care Partners Buys ED Management Group

Emergency Care Partners, backed byVarsity Healthcare Partners and Regal Healthcare Capital Partners, announced it will acquire Progressive Emergency Physicians. Both groups provide emergency medicine and outsourced emergency department management services to hospital facilities. The merged companies will service departmental operations at 19 hospitals across Louisiana, New York and Pennsylvania. The combined clinical workforce of 194 physicians will treat more than 670,000 ER patient visits annually. The deal did not have disclosed financial terms. Last year, there was a growing trend of acquisitions involving E.R. management groups, so it doesn’t surprise us to see this trend... Read More »