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.

• Alongside, a services provider for children with autism across Southern California, recently announced the acquisition of San Diego ABA. San Diego ABA is an established autism services provider with a footprint throughout the San Diego, California region. Alongside plans to leverage the transaction to serve more families throughout Southern California. Leadership from both organizations will collaborate moving forward to improve service delivery and ensure continuity of care. Alongside is backed by Fletch Equity, a PE firm headquartered in Los Angeles, California, that focuses on scaling entrepreneurial businesses.
• LLR Partners recently announced a strategic growth investment in TruTechnologies. TruTechnologies is a prominent provider of real-time clinical trial oversight that is based in North Carolina. TruTechnologies will leverage the investment to enhance workflow efficiency for research sites and enable real-time visibility for pharmaceutical and clinical research organizations. LLR Partners is a lower-middle market PE firm headquartered in Philadelphia, Pennsylvania, with over $7 billion in capital.
• MidOcean Partners recently announced a preferred equity investment in Emergency Care Partners. Emergency Care Partners is a provider of emergency department services to hospitals throughout the United States. Emergency Care Partners currently operates in eight states and is supported by a clinical workforce of over 1,000 physicians and mid-level practitioners. The preferred equity investment will be used to fund planned acquisitions and dividends to long-time physician shareholders. MidOcean Partners is a PE firm headquartered in New York City that focuses investments in middle-market, alternative credit and structured equity.
• Crest Rock Partners recently announced an investment in Productive Programming, Inc. Productive Programming, Inc. provides technology-enabled services, which include care management software, electronic health records software, claims processing software and third-party administrator services to health care and benefits programs throughout the United States. Crest Rock Partners is a PE firm headquartered in Denver, Colorado that focuses investments in lower middle market software, technology, services and manufacturing businesses.

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