Vesey Street Capital Partners Announces Majority Recapitalization of Inceptua Group

Vesey Street Capital Partners Announces Majority Recapitalization of Inceptua Group

New York-based Vesey Street Capital Partners, LLC announced that funds managed by Vesey Street have completed a majority recapitalization of Inceptua Group.  Inceptua Group is a leading provider of clinical trial supplies and related services, as well as global early access programs, with more than 25 years of specialized industry experience.  Vesey Street Capital Partners is a strategic private equity manager founded in 2014 that focuses on healthcare services. Since its inception, the firm has deployed approximately $700 million in capital.  As part of the transaction, Doug Cook, formerly Executive Vice President and President of Global Commercialization Services and... Read More »
Vesey Street Capital Partners Announces Majority Recapitalization of Inceptua Group

Vesey Street Capital Partners Sells Portfolio Company QualityMetric

Vesey Street Capital Partners (VSCP) announced last week that it completed the full sale of its portfolio company, QualityMetric.  Founded in 1997, QualityMetric combines its proprietary scientifically validated general health and disease-specific surveys with its technology, advanced analytics and sector expertise to work with all the world’s largest pharmaceutical companies in clinical trials and patient surveillance.  VSCP is a strategic private equity manager founded in 2014 that focuses on healthcare services. Since its inception, the firm has consummated 39 transactions across 9 platform businesses and has deployed approximately $600 million in capital.  VSCP had... Read More »
ScribeAmerica Inks Another Medical Scribe Deal

ScribeAmerica Inks Another Medical Scribe Deal

ScribeAmerica, a subsidiary of HealthChannels, announced its acquisition of PhysAssist Medical Scribes on November 1, bringing its total number of scribes close to 19,000. In 2008, PhysAssist had two corporate employees and 35 scribes. A year after TeamHealth Holdings acquired it in October 2014 with minority investors Vesey Street Capital Partners and Chicago Growth Partners, it had 2,500 professionals in 30 states. It now has approximately 3,500 scribes in 36 states. Moody’s Investors Service rated the $160 million debt-financed acquisition as credit negative, because it would increase the company’s financial leverage and elevate integration risk. The transaction, including... Read More »