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.

• AleraCare and Pure Healthcare have announced the successful completion of their previously disclosed merger. AleraCare, backed by Hildred Capital, is a leading provider of infusion treatments and pharmacy services for patients with high medical needs and complex conditions. Pure Healthcare is a national medical group focused on reducing health care costs and improving outcomes for patients with complex conditions such as rheumatoid arthritis. Hildred Capital, headquartered in New York City, is a PE firm specializing in health care investments, particularly in lower middle-market companies.
• Shore Capital Partners has recently announced the merger of Reliant Healthcare with Care Fusion Rx. Reliant Healthcare provides home infusion therapy and ambulatory infusion center services at 14 centers and several specialty pharmacies across Louisiana, Texas and Oklahoma. Care Fusion RX, a platform investment of Shore Capital’s Healthcare Advantage Fund, is a California-based infusion therapy company that serves thousands of patients locally and addresses complex conditions.  Shore Capital Partners is a Chicago-based PE firm with additional offices in Nashville, TN. The firm invests in lower-middle-market companies across various industries, including health care, food and beverage, business services and real estate.
• US Fertility recently announced a strategic partnership with L Catterton and Amulet Capital Partners. US Fertility is the nation’s largest network of physician-owned and physician-led fertility practices and has assisted over 400,000 individuals and couples in building their families through assisted reproductive technology. L Catterton, headquartered in Greenwich, CT, is the largest global PE firm focused on consumer products. Amulet Capital Partners, also based in Greenwich, is a middle-market PE firm that exclusively invests in the health care sector.
• InTandem Capital Partners, LLC, announced an equity investment in The Phia Group, a Canton, MA-based provider of health care cost containment. The Phia Group provides technology-enabled cost containment and compliance solutions to health plan sponsors and employers nationwide. InTandem is a New York City-based PE firm focused on small to mid-sized companies in select health care services sectors.

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