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.

• New Mountain Capital announced a strategic investment in Access Healthcare. Access Healthcare is a leading platform for revenue cycle management and processes over 400 million transactions for health care organizations throughout the United States each year. Following the investment, Access Healthcare plans to expand into new markets and advance its capabilities in artificial intelligence, workflow automation and product development. New Mountain Capital is a New York-based PE firm with approximately $55 billion in assets under management.
• LightBay Capital recently completed a growth investment in Ro Health. Ro Health is a clinical staffing provider for school districts nationwide that provides nursing and behavioral health services to students with special needs. The investment will allow Ro Health to pursue strategic acquisitions and partnerships, and invest in additional technology. Ro Health is also backed by Achieve Partners, a PE firm based in New York, New York. LightBay Capital is a PE firm based in Los Angeles, California that works primarily in the health care and consumer services industries.
• Latticework Capital Management and Edgehill Management announced a partnership with Life Science Connect. Life Science Connect is a life science digital media business based in Pittsburg, Pennsylvania that aims to connect professionals in order to accelerate research, development, manufacturing and the application of life science innovations. Latticework Capital Management is a growth-oriented PE firm based in Dallas, Texas that focuses solely on controlling equity investments in the health care industry. Edgehill Management is a New York-based investment firm that partners largely with entrepreneurs and management teams in the lower middle market.
• PSG Equity and Rivean Capital announced a strategic investment in Corilus. Corilus provides medical software solutions for primary care providers and aims to efficiently connect providers with patients. The software is currently used by over 30,000 providers throughout the United States. PSG Equity is a growth equity firm based in Boston, Massachusetts that partners largely with technology-enabled services companies. Rivean Capital is a PE firm based in Amsterdam, Netherlands that invests in the logistics, business services and information technology sectors.

If you have any questions or would like additional information, please contact: