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.

• NexPhase Capital recently announced the acquisition of Behavior Frontiers. Behavior Frontiers is a provider of treatment services, including Applied Behavior Analysis, for individuals with autism and other special needs. Behavior Frontiers currently operates 26 treatment centers across 12 states. NexPhase Capital is a lower middle-market PE firm based in New York, New York, that focuses on investments within the health care, software and consumer verticals.
• The Auréa Group, a PE firm focused on beauty, wellness and longevity, announced an investment in Persimmon Life. Persimmon Life is a technology-enabled services company based in San Francisco, California, that allows customers to book certified nurses for at-home medical aesthetics. Persimmon Life also leverages a proprietary training and certification program for its network of nurses, which allows the organization to ensure consistent care standards. The Auréa Group is PE firm headquartered in London, England and New York, New York, that focuses on investments in emerging consumer trends.
• Fullscript, a leading health care platform that powers whole person care, announced an expanded investment from HGGC and Snapdragon Capital Partners. The Fullscript platform supports over 10 million patients by allowing health care providers to access evidence-based supplement prescribing and fulfillment, advanced lab management capabilities and tools for enhanced patient adherence and outcomes. HGGC is a PE firm based in Palo Alto, California, that manages over $8 billion in capital commitments. Snapdragon Capital Partners is a growth equity and buyout firm headquartered in Madison, Connecticut.
• All Star Healthcare Solutions recently announced the acquisition of Integrity Locums. Integrity Locums is a full-service locum tenens staffing firm that matches physicians and advanced practice providers with facilities facing coverage challenges. All Star Healthcare Solutions is backed by Knox Lane. Knox Lane is an investment firm headquartered in San Francisco, California, that focuses on partnering with growth-oriented businesses in the services and consumer sectors.

For questions or additional information on private equity matters, please contact: