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.

• RLDatix acquired SocialClimb, LLC, enhancing its health care operations software with tools for patient satisfaction, reputation management and revenue growth. This integration will provide health care organizations with a comprehensive view of provider performance, enabling better insights into care quality and operational efficiency. RLDatix is a global health care technology company headquartered in London, England that is backed by several PE firms including Five Arrows, TA Associates and Nordic Capital.
• Habitat Health, a provider of services to support home care for older adults, recently raised $50 million from investors including Town Hall Ventures and Kaiser Permanente. Habitat Health is a Program of All-Inclusive Care for the Elderly and aims to help low-income seniors remain independent by providing comprehensive medical and social services. Town Hall Ventures is a New York-based venture capital firm focused on the health care industry.
• Carestream Dental recently secured over $525 million in new capital through a recapitalization led by General Atlantic Credit (“GA Credit”). The funding will support Carestream Dental’s strategic initiatives, including the launch of its Oral Healthcare Innovation Hub, as it continues to transform the oral health care industry with advanced technology and AI solutions. GA Credit is a growth equity credit investment platform and part of General Atlantic, a leading global growth equity firm. Clayton, Dubilier & Rice, a PE firm headquartered in New York, remains a minority investor in Carestream.
• RF Investment Partners announced a platform investment in Altro Pharmaceuticals and Amici Pharmaceuticals, two founder-owned companies based in Long Island, New York. Both Altro and Amici specialize in generic pharmaceuticals in the companion pet and animal markets. This strategic partnership aims to leverage the growing demand for veterinary pharmaceuticals while enhancing the companies’ operational capabilities through RF Investment Partners’ flexible growth capital and expertise. RF Investment Partners is a family-owned investment firm specializing in lower-middle-market acquisition financing, growth capital investments, recapitalizations and management buyouts.