One Equity Partners (OEP) has announced the closing of its newest fund, One Equity Partners VIII, with committed capital of $2.75 billion.
Through the fund, OEP will continue to target equity investments between $30 million and $300 million in healthcare and a few other types of businesses across North America and Europe.
OEP, based…
York Private Equity has announced it has acquired Healthcare Linen Services Group (HLSG).
HLSG, based in St. Charles, Ill., is a provider of healthcare laundry services in the Midwest and Central United States. Founded in 1915, the company operates processing plants across four regional brands — Logan’s Linens, Logan’s Uniform Rental, Superior Health Linens…
Audax Private Equity has announced it has completed a strategic growth investment in Flow Control Holdings.
Flow Control, based in Cincinnati, Ohio, is provider of sanitary flow components to producers of pharmaceuticals and other non-healthcare products. Founded in 2018, Flow Control is the parent company to Steel & O’Brien Manufacturing and Ace Sanitary.
Thomas H. Lee Partners (THL) has announced it will acquire a majority interest in Intelligent Medical Objects (IMO) from Warburg Pincus.
The deal was reported to be worth more than $1.5 billion.
IMO, based in Rosemont, Ill., is a healthcare data enablement company. Founded in 1994, the company states that its suite of software…
Berkshire Partners and Warburg Pincus have agreed to invest in Ensemble Health Partners, according to a news release.
Ensemble, based in Cincinnati, Ohio, is a provider of technology-enabled revenue cycle management solutions for health systems. Founded in 2014, the company states it has partnered with nearly 300 hospitals across the United States.
TELEO Capital Management has announced it has acquired CHCS Services from Capgemini America.
CHCS, based in Pensacola, Fla., is a technology-enabled third-party administrator for the senior health and eldercare markets. Founded in 1989, the company focuses on long-term care and Medicare supplement plans.
TELEO, based in El Segundo, Calif., is a lower middle…
Kelso & Co. has sold Refresh Mental Health to Optum, according to Axios.
Refresh Mental Health, based in Jacksonville Beach, Fla., is the parent company of mental health practices located throughout the United States. The company states that it has more than 300 locations in 37 states.
Kelso & Co., based in…
Welsh, Carson, Anderson & Stowe (WCAS) announced earlier this month that it will acquire a majority ownership stake in LIBERTY Dental Plan Corp.
LIBERTY, based in Irvine, Calif., is a dental benefits administrator. Founded in 2002, the company states it administers dental benefits in all 50 states.
WCAS, based in New York, is a…
Peloton Equity has announced it has closed a growth and recapitalization investment in Grenova.
Grenova, based in Richmond, Va., is a manufacturer of green technology for the life sciences industry. Founded in 2014, the company produces waste reduction solution, including devices that enable labs to wash and recycle pipette tips.
Peloton, based in Greenwich,…
Frazier Healthcare Partners has announced the closing of Frazier Life Sciences XI with more than $987 million in capital commitments.
The new fund, which exceeded its target of $800 million, is Frazier Life Sciences’ fourth venture fund focused on biopharmaceuticals.
The firm’s announcement of the new fund comes only a few months after it had…
