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.

• Court Square Capital Partners and WindRose Health Investors announced a joint investment in Soleo Health. Soleo Health provides specialized in-home pharmacy and infusion services to patients throughout the United States. Court Square Capital Partners and WindRose Health Investors will provide capital for Soleo Health to expand its network into new markets. Court Square Capital Partners is a New York City-based PE firm with $9.3 billion in assets under management. WindRose Health Investors is also located in New York City and invests exclusively in the health care industry.
• HealthEdge Investment Partners formalized an investment in Western Microsurgical, an independent service organization that provides new and refurbished surgical microscopes. Specifically, Western Microsurgical specializes in surgical microscopy and other supplies used in specialty spine, neurology and ophthalmology procedures. The partnership will collaborate with other independent service organizations in the industry and provide additional working capital to fuel growth. HealthEdge Investment Partners is a health care-focused PE firm based in Tampa, Florida.
• Bridgefield Capital recently acquired the emergency care business of Dutch conglomerate Royal Philips. The emergency care business offers automated external defibrillators and other medical devices for emergency care use in hospitals and elsewhere. Bridgefield Capital plans to use the acquisition in order to formally enter the emergency care market which is valued at over $26 billion. Bridgefield Capital is a private investment firm based in Washington, D.C. specializing in PE, corporate credit and event-driven opportunities.
• Kohlberg Kravis Roberts announced a strategic investment in Henry Schein, an American medical and dental supplies distributor. Henry Schein leverages an extensive network of office-based dental and medical practitioners and operates on a global scale. The $250 million investment makes Kohlberg Kravis Roberts the largest non-index owner of Henry Schein. The strategic move is intended to allow Henry Schein to focus on strategic growth, capital allocation and employee engagement. Kohlberg Kravis Roberts is a New York-based PE firm with $553 billion in assets under management.

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