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.

• Marlin Equity Partners announced a significant investment in Intelligent Locations, which offers software that provides health care professionals with intuitive tools to track, measure and analyze various aspects of a health care enterprise, including patient satisfaction, operational workflows and environmental conditions, among others. Intelligent Locations is headquartered in Raleigh, North Carolina. Marlin Equity Partners is a global PE firm based in Los Angeles, California, specializing in software and technology companies.
• Level Education Group, backed by Baum Capital Partners Management, recently announced the acquisition of Triad, the leading provider of education, community and career resources for behavioral and mental health professionals, organizations and institutions. Level Education Group offers online continuing education courses for licensed health care professionals across the United States. Baum Capital Partners Management is a PE firm headquartered in Kansas City, Missouri, focusing on lower middle market, technology-enabled and service-based businesses, including those in business and consumer services, education, software and health care.
• Shofner Capital Partners has announced a significant investment in PtEverywhere. PtEverywhere is a comprehensive practice management platform tailored specifically for rehabilitation therapy clinics, which integrates scheduling, documentation, billing, telehealth and reporting into a cohesive web and mobile experience. Shofner Capital Partners is a PE firm investing in established software businesses.
• The IMA Group, backed by Centre Partners Management, has recently announced the acquisition of Chicago Research Center, an independent clinical research site based in Chicago, IL. The IMA Group has made significant advancements in health care through its clinical research and evaluation services. Headquartered in New York City, IMA operates over 150 sites nationwide, serving government agencies, payers, employers and sponsors in the life sciences sector. Centre Partners Management is a New York City-based PE firm focusing on investments in middle-market companies within the consumer and health care sectors.

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