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.

• Nautic Partners recently announced a significant investment in KabaFusion. KabaFusion is a national provider of chronic and acute infusion therapies, serving patients in 45 states through a network of home infusion pharmacies, alternative infusion sites and home health agencies. Following the investment, KabaFusion’s clinician-led management team hopes to accelerate overall growth and further expand upon its mission to serve patients nationwide. Nautic Partners is a middle-market PE firm headquartered in Providence, Rhode Island, that focuses investments in the health care, industrial and service sectors.
• Advent International recently signed a definitive agreement to acquire PatientPoint. PatientPoint is a health care advertising company that provides direct-to-patient marketing through digital screens in medical offices, in addition to educational content. Taken as a whole, the company aims to improve health awareness and drive positive behavior changes while also allowing pharmaceutical and health brands to reach highly targeted audiences. Advent International is a PE firm based in Boston, Massachusetts, that focuses investments within the business and financial services, consumer, health care, industrial and technology sectors.
• Ethos Risk Services recently announced the acquisition of ForzaCare. ForzaCare is a clinical case management provider that focuses on complex claims and return-to-work programs. Ethos Risk Services, a provider of medical management and claims investigation services, plans to leverage the acquisition to expand its telephonic case management capabilities that accelerate recovery and support injured workers. Ethos Risk Services is backed by Carousel Capital, a PE firm headquartered in Charlotte, North Carolina, that focuses investments across the Southeastern United States.
• Partners Group recently announced a minority investment in restor3d, a medical device manufacturer based in Durham, North Carolina, that leverages AI-driven software and in-house manufacturing capabilities to deliver orthopedic implants tailored to surgeon preference and patient anatomy. The investment will enable restor3d to continue product innovation, commercial growth and broaden access to personalized orthopedic care across the United States. Partners Group is a global PE firm founded in Zug, Switzerland, with approximately $174 billion in assets under management.

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