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.

• Archer Review, a leading health care education company, recently acquired Core Anesthesia. Core Anesthesia is an educational podcast and application used by nurse anesthetists across the United States. Archer Review will use the acquisition to build out its suite of preparation solutions for advanced practice professionals that seek study tools and a reliable exam preparation platform. Archer Review is backed by Leeds Equity Partners, a New York-based PE firm with approximately $6 billion in capital.
• The Hardenbergh Group, a credentialing, physician peer review and consulting services provider, recently announced a merger with Sentact and Preverity. Sentact is a digital rounding and compliance platform used by hospitals across the U.S. to support patient safety, elevate patient experience and ensure regulatory compliance. Preverity is a risk intelligence and predictive analytics solution that provides insight into clinical risk and provider performance. Following the merger, each solution will operate under the Sentact brand. The Hardenbergh Group is backed by BV Investment Partners, a PE firm headquartered in Boston, Massachusetts.
• SUN Behavioral Health, an inpatient and outpatient psychiatric services provider, recently announced the acquisition of Seaside Healthcare’s home- and community-based services division. Seaside Healthcare is a prominent behavioral health provider across six southeastern states. SUN Behavioral Health plans to leverage the acquisition in order to better serve vulnerable patient populations throughout the United States. Seaside Healthcare is backed by Pharos Capital Group, a PE firm based in Nashville, Tennessee, that is physician-founded and largely invested in growing health care companies.
• Cressey & Company recently announced a new partnership with Paradigm Health. Paradigm Health is a leading provider of both hospice and palliative care services throughout Indiana. Cressey & Company’s investment will bring added resources and strategic expertise in order to fuel Paradigm Health’s continued expansion and the provision of mission-driven hospice care. Cressey & Company is a PE firm based in Chicago, Illinois, that focuses investments solely in leading health care businesses.

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