Private Equity Deal Spotlight | Weekly Update

Health care continues to drive private equity (“PE”) activity, creating opportunities for investors and traditional health care providers. Transactions in the health care space are especially complicated, layering health care regulatory and reimbursement considerations on top of a complex securities, antitrust, privacy and security framework.

Hall Render’s PE team of attorneys and advisors leverage the strength and depth of our bench to navigate and efficiently execute PE transactions. The summary below includes highlights of recent PE deals and legislative updates.

• Princeton Medspa Partners recently acquired New York-based Ridha Plastic Surgery & Medspa and North Dakota-based Pure Skin & Laser. Princeton Medspa Partners is a leading medical aesthetics platform company that specializes in partnering with and acquiring medical spas throughout the continental United States. Princeton Medspa Partners is backed by BC Partners, a British investment firm with over $40 billion in assets under management across private equity, credit and real estate in Europe and North America.
• OceanSound Partners announced the acquisition of PAR Excellence Systems, a provider of supply chain integrity and cost management solutions within the health care industry. The cloud-based software offered by PAR Excellence allows customers to optimize medical supply inventory management. OceanSound Partners is a New York-based private equity firm that invests heavily in technology and technology-enabled service companies serving government and enterprise markets.
• Heritage Group, a health care-focused private equity firm based in Nashville, Tennessee, announced a significant investment in Equiti Health, a leading health care technology company that offers comprehensive language access and other solutions tailored to meet the needs of underserved and limited English speaking populations. Following the investment, the Heritage Group joins GTCR as the two largest funding sources for Equiti Health. GTCR is a Chicago, Illinois-based private equity firm that focuses on leveraged buyouts, leveraged recapitalization, growth capital and rollup transactions.
• Health Union recently announced the acquisition of Adfire Health, a health care professionals data and digital engagement company. Health Union is a recognized leader in condition-specific online health communities and patient engagement, and will leverage the transaction to provide direct-to-consumer and other marketing solutions throughout the pharmaceutical and life sciences industries. Health Union is backed by Court Square Capital Partners, a private equity firm based in New York City focused on leveraged buyout transactions.
• Bain Capital Life Sciences announced a strategic growth investment in Serán Bioscience, a leading contract development and manufacturing organization that provides a comprehensive suite of services to pharmaceutical and biotechnology companies. The $200 million investment will allow Serán to build a new manufacturing facility to provide integrated capabilities across multiple drug delivery and final dose formats. Bain Capital Life Sciences is the health care investment arm of Bain Capital and focuses on investments in biopharmaceutical, medical device, diagnostic and life sciences tool companies around the world.