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.

• Capitol Imaging Services recently announced the acquisition of Outpatient Imaging. Outpatient Imaging operates nine outpatient radiology centers throughout Georgia that provide dynamic screening and diagnostic testing services. The acquisition allows Capitol Imaging Services to expand its portfolio and increase its footprint to 57 imaging centers throughout the Southeast. Capitol Imaging Services is backed by Clearview Capital, a PE firm headquartered in Stamford, Connecticut, specializing in the acquisition and recapitalization of lower middle-market companies.
• Avista Healthcare Partners recently announced the acquisition of EBI, the bone healing division of Highridge Medical. EBI provides non-invasive bone stimulation devices for spinal and orthopedic patients across the United States. The acquisition marks the 50^th health care platform investment for Avista Healthcare Partners. Avista Healthcare Partners is a PE firm headquartered in New York City that focuses investments in middle-market companies in the health care sector.
• Accel-KKR recently announced a majority investment in CareLineLive. CareLineLive is a cloud-based platform for homecare agencies that assists with integrated staff scheduling, client visits, patient records and invoicing. Accel-KKR will leverage the investment to accelerate expansion and fuel future product development. Accel-KKR is a PE firm headquartered in Menlo Park, California, with roughly $21 billion in capital commitments across the software and technology-enabled services sectors.
• Empower Aesthetics, backed by Shore Capital Partners, recently acquired Revitalize SkinMD. Revitalize SkinMD is a boutique cosmetic provider and medical spa based in Waco, Texas. Empower Aesthetics is a medical spa services provider headquartered in Austin, Texas, that plans to leverage the transaction to expand its presence throughout the region. Shore Capital Partners is a PE firm headquartered in Chicago, Illinois, that focuses investments in the health care and business services industries.
• Quantum Health, backed by Great Health Partners, recently announced the acquisition of Embold Health. Embold Health is a physician-led health care technology company that helps employers and health plans improve patient outcomes and lower costs by making informed decisions throughout care delivery. Following the transaction, Quantum Health will provide services to more than 8 million members throughout the United States. Great Hill Partners is a PE firm based in Boston, Massachusetts, with over $12 billion in capital commitments that targets high-growth companies.

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