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.

• Revelstoke Capital recently announced a significant investment in Griffin Concierge Medical. Griffin Concierge Medical is a full-service, membership-based primary care group based in Tampa, Florida, that offers patients primary, preventative and urgent care. Revelstoke Capital is a PE firm headquartered in Denver, Colorado, that focuses investments in developing companies throughout the health care services, health care technology and health and wellness sectors. This investment marks the tenth platform investment from Revelstoke Capital Partners Fund III.
• Salt Creek Capital recently announced the acquisition of Real Diagnostics. Real Diagnostics is a specialist diagnostic laboratory headquartered in Reisterstown, Maryland, that provides same-day testing results to small and mid-sized specialty physician offices and clinics across 17 states. Specifically, Real Diagnostics focuses on toxicology, respiratory testing, urinary tract infection testing and molecular diagnostics. Salt Creek Capital is a PE firm headquartered in San Francisco, California, that invests in a diverse range of industries, including health care and consumer services.
• RevSpring, backed by Frazier Healthcare, recently announced the acquisition of Kyruus Health. Kyruus Health is a leader in provider data, search and scheduling services that connect providers across 1,400 hospitals and 550 medical groups throughout the United States. RevSpring offers analytics-driven communications and payment solutions that help health care organizations streamline access and improve financial experiences across print, digital and voice channels. Frazier Healthcare is a PE firm headquartered in Seattle, Washington, that focuses investments in middle-market health care businesses as well as venture capital investments in life sciences and biotechnology companies.
• TEAM Technologies, backed by Arlington Capital Partners, recently announced the acquisition of TAG3 Engineering. TAG3 Engineering is a full-service partner in the MedTech industry, specializing in the design, development and manufacturing of medical devices. TEAM Technologies is a specialized medical device manufacturer that provides end-to-end services for mission-critical, single-use medical devices. Team Technologies plans to leverage the acquisition to enhance overall design and development capabilities. Arlington Capital Partners is a PE firm headquartered in Washington, D.C., that focuses investments in the government services, technology and health care sectors.

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