Athenahealth has entered into a definitive agreement to be jointly acquired by affiliates of Bain Capital and Hellman & Friedman for $17 billion, according to a news release.
Athenahealth, based in Watertown, Mass., is a provider of cloud-based enterprise software solutions for medical groups and health systems.
Bain Capital Private Equity, based…
Regal Healthcare Capital Partners (RHCP) has announced the closing of its third fund with $415 million of committed capital.
RHCP III exceeded its $325 million target.
Regal, based in New York, is a healthcare private equity firm focused exclusively on investments in healthcare services companies. Founded in 2018, the firm prefers to make equity investments of $20 million…
Cressey & Co. has completed a growth investment in Trella Health, according to a news release.
Trella Health, based in Atlanta, provides market intelligence to direct contracting entities, accountable care organizations, healthcare networks and post-acute care providers.
Cressey, with offices in Chicago and Nashville, seeks control and minority equity investments exclusively in…
Lightyear Capital has announced it has closed its fifth flagship private equity fund, Lightyear Fund V, with approximately $1.6 billion in capital commitments.
The firm indicated that this figure is 25% larger than the $1.25 billion target and more than 60% larger than the $957 million raised in Lightyear Fund IV.
Lightyear, based in…
Welsh, Carson, Anderson & Stowe (WCAS) has announced it has acquired a majority ownership stake in Leiters.
Leiters, based in Englewood, Colo., and founded in 1926, is a 503B outsourcing provider of hospital and ophthalmology compounded sterile preparations.
WCAS, based in New York, is a private equity firm focused exclusively on the healthcare and…
HGGC and Snapdragon Capital Partners will make a $240 million strategic growth investment in Fullscript, according to a news release.
Fullscript, based in Ottawa, Ontario, describes itself as a supplement dispensing platform and patient adherence tool. Founded in 2011, the company states it generates $300 million in annual revenue.
HGGC, based in Palo…
Oak Hill Capital has announced it will invest in U.S. Oral Surgery Management (USOSM).
USOSM, based in Irving, Texas, is a shared services organization that partners with oral surgeons. The company, founded in 2017, states it has partnered with more than 140 surgeons across 18 states.
Oak Hill Capital Partners, based in Stamford,…
GI Partners and TA Associates have recapitalized Rectangle Health, according to a news release.
Rectangle Health, based in Valhalla, N.Y., is a provider of healthcare financial technology and patient engagement solutions. Founded in 1993, the company provides solutions to hospitals, physician practices, insurance groups and billing services.
GI Partners, based in San…
BayPine has announced it will acquire Pinnacle Dermatology.
Pinnacle Dermatology, based in Brentwood, Tenn., is a dermatology management services organization supporting 87 clinics across 11 states. Its affiliated clinical practices include board-certified dermatologists, Mohs and plastic surgeons, physician assistants and nurse practitioners.
BayPine, based in Boston and founded in 2020, is a private…
Frazier Healthcare Partners has announced the closing of its first dedicated public life sciences fund.
Frazier Life Sciences Public Fund is closing on nearly $830 million in capital commitments, which exceeds its target. It is a long-only fund that will invest in small- and mid-cap public biotech companies.
Frazier Healthcare Partners, based in Seattle,…
