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.

• Sequel Ortho, backed by InTandem Capital Partners, recently announced the acquisition of Fox Valley Orthopedics, a leading independent orthopedic group based in Geneva, IL. The group consists of 20 physicians, 21 advanced practice providers and over 30 physical therapists across eight clinics and 10 physical therapy locations. Sequel Ortho is a musculoskeletal care-focused management platform dedicated to supporting physician-led practices. InTandem Capital Partners is a PE firm headquartered in New York City that invests in and fosters the growth of select health care services companies.
• Emergence Software, backed by The Pritzker Organization, recently announced the acquisition of MedEvolve, Inc., a pioneer in AI-powered revenue cycle automation and analytics. MedEvolve platform is intended to optimize the entire revenue cycle from financial clearance through billing. Emergence Software is a permanent equity partner in many software companies. The Pritzker Organization is a private investment firm headquartered in Chicago, IL, with extensive experience across health care, financial services and technology.
• JLL Partners recently announced the acquisition of Parks Medical Electronics, which will be combined with Vascular Technology, Incorporated. Parks Medical Electronics is a leading manufacturer of Doppler ultrasound systems and vascular labs, while Vascular Technology, Incorporated specializes in the development, manufacturing and sale of surgical devices. JLL Partners is a middle-market PE firm headquartered in New York City, focusing on transforming businesses in sectors such as health care, aerospace, defense and business services.
• NexPhase Capital, LP recently announced the acquisition of Always Best Care, which has developed one of the most comprehensive in-home senior care franchise platforms in the U.S. and Canada. For nearly 30 years, Always Best Care has been assisting seniors with a wide range of conditions and personal needs, providing thousands of hours of care each year. NexPhase Capital is a PE firm headquartered in New York City that invests in lower-middle-market companies in the consumer, health care and software sectors.

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