GTCR will acquire Surmodics for approximately $627 million and then take the company private, according to a news release.
Surmodics (Nasdaq: SRDX), founded in 1979 and based in Eden Prairie, Minnesota, is a provider of medical device and in vitro diagnostic technologies.
GTCR, based in Chicago, pursues a wide range of investments in…
While the dental practice market is one of the most mature healthcare markets, it also is highly fragmented. That fragmentation means opportunities vary at every valuation level.
In this episode of The Corner Series, McGuireWoods’ Geoff Cockrell is joined by Kevin Cumbus, founding partner and president at TUSK Practice Sales. Tune in…
Goldman Sachs Alternatives has acquired Xpress Wellness from Latticework Capital Management (LCM), according to a news release.
Xpress, founded in 2014 and based in Oklahoma City, provides healthcare services to rural and underserved communities across Oklahoma, Kansas and Texas. The company operates 58 clinics, 39 of which are certified rural health clinics.
LCM…
Riata Capital Group (RCG) has announced it has closed a new private equity fund with $285 million in capital commitments.
The fund, RCG Equity Fund II, exceeded the firm’s hard cap.
Riata indicated that the fund will be used to target six platform companies within the firm’s three industry sectors of healthcare services, business services…
Eir Partners Capital has announced it has closed the second iteration of its private equity fund with $496 million in capital commitments.
The fund, Eir Partners Investment Program II, was oversubscribed.
Eir, based in Miami, is a middle market private equity firm focused on healthcare technology and tech-enabled services. Founded in 2015, Eir’s targeted…
GTCR is expected to acquire Caravel Autism Health, according to industry reports.
Caravel Autism Health, founded in 2009 and based in Green Bay, Wisconsin, is a provider of in-home intensive, post-intensive, pre-intensive and diagnostic evaluation services to children with autism spectrum disorder. The company operates more than 60 locations in eight states.
GTCR,…
Sands Capital has announced it has closed its third life sciences fund, Sands Capital Life Sciences Pulse Fund III, with $555 million.
Through the new fund, the firm indicated it will continue to pursue businesses in private therapeutics, diagnostics, medical devices and life sciences tools businesses.
Sands Capital, founded in 1992 and based in…
Medical technology is evolving every day. What trends are investment banks seeing, and what are some of the capital trends in the medical technology space?
In this episode of The Corner Series, McGuireWoods’ Geoff Cockrell chats with Brian Scullion, senior director, medical technology at William Blair, a boutique multinational investment bank…
Vance Street Capital has announced it has closed its fourth fund, Vance Street Capital IV, with $775 million.
The fund exceeded its target of $550 million in commitments.
Through the new fund, the firm indicated it will continue to pursue businesses in the medical and life science sectors as well as a few others.
From a seller’s perspective, how does a provider group get ready for a sale process?
In this episode of The Corner Series, McGuireWoods’ Geoff Cockrell interviews Marc Anderson, managing partner of The Belay Group, on the nuances of preparing companies, particularly in healthcare services, for a sale process. The discussion highlights the…
