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Wolters Kluwer NV is exploring the sale of its health division, ProVation Medical, according to people with knowledge of the matter. The Netherlands information-services giant has hired Jefferies to advise on a process for the Minneapolis clinical-documentation-software business, the people said. ProVation generates north of $30 million of EBITDA, the people said. The process is […]
E+CancerCare, the Kohlberg & Co-backed provider of outpatient cancer care centers, is weighing a sale, Buyouts has learned. Cain Brothers has been hired to run a sales process for the Nashville company, according to people with knowledge of the matter. The most likely outcome of the process is a sale to another sponsor, sources said. […]
Water Street Healthcare Partners is exploring the sale of New Century Health, a provider of value-based care management programs for the oncology and cardiology specialties, Buyouts has learned. Healthcare investment bank Leerink Partners is providing financial advice to the benefit management company, two of four sources familiar with the matter said. New Century, Wellesley, Massachusetts, […]
Varsity Healthcare Partners is poised to be one of the first movers in the orthopedic-services segment as it nears a deal for the largest provider in the north central Florida region, Buyouts has learned. The lower-middle-market PE firm is approaching the recapitalization of Orthopaedic Institute, a Gainesville, Florida, provider of orthopedic services and ancillary offerings, according […]
Co-investment and capital call facility disclosures will remain top of mind when it comes to private equity enforcement by the SEC, the regional director for the agency’s San Francisco office said Tuesday. The SEC’s Jina Choi, speaking at PartnerConnect West 2017, emphasized that the agency will maintain its independence under the Trump administration as it […]
L Catterton-backed dental-implant provider ClearChoice Holdings LLC is on the auction block, according to three sources familiar with the matter. The company is projecting EBITDA for 2017 north of $50 million, two of the sources said. ClearChoice is likely to trade for a mid- to high-double-digit multiple of EBITDA, one added. Goldman Sachs is financial […]
Jim Momtazee leads the healthcare investment team at KKR, one of the most active buyers in the sector in recent weeks. How has KKR’s healthcare investing strategy evolved over the past five years? The biggest change for us would be the broadening of our focus. The distinction is partly around size. The team is about […]
Avista Capital Partners’ ties to the nonclinical contract-research-services market extend well beyond Envigo International Holdings Inc, which this week was purchased by the healthcare SPAC founded by the firm’s execs. Besides an affiliation with Envigo — which Avista Healthcare Public Acquisition Corp is buying in a deal expected to assign the company an initial enterprise value of […]
private equity, pension fund
Massachusetts PRIM strong in top-10 pension analysis Highest net IRR in two of three quartiles Permira Ventures, Union Square Ventures funds stand out Massachusetts Pension Reserves Investment Management for the most part ranked highest in terms of investment multiple and net IRR, compared with nine of the largest U.S. pension systems, a Buyouts analysis of state documents shows. […]
Lee Equity Partners plans to raise its next fund in 2018, the firm’s founder, Thomas H. Lee, said at Emerging Manager Connect East. Lee also indicated he would move out of the day-to-day mix at some point during the next fund life. “That’s the way of the world,” he noted. “An institution looking at me says, ‘gee, you’re […]
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