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…
Beecken Petty O’Keefe & Company (BPOC) has announced it has completed the sale of Cranial Technologies.
Cranial Technologies, based in Tempe, Ariz., is a developer, manufacturer and provider of custom cranial orthotics for treating infants with plagiocephaly. Founded in 1986, the company manufactures the DOC Band, a custom cranial orthotic.
BPOC, based in…
Argosy Healthcare Partners (AHP) has announced it has completed a recapitalization of Specialty Care Management (SCM).
SCM, based in Bucks County, Pa., is a payor services company focused on healthcare cost containment and claims management services for the self-insured market. Founded in 2002, the company specializes in program design for catastrophic claims.
AHP,…
Health Velocity Capital has made a minority investment in Compass Surgical Partners, according to a news release.
Compass, based in Raleigh, N.C., is a developer and manager of ambulatory surgery centers (ASCs). Founded in 2011, the firm states that it focuses on total joint and spine ASCs.
Health Velocity, based in San…
Varsity Healthcare Partners has announced the close of its sale of Probo Medical to Avista Capital Partners.
Probo, based in Fishers, Ind., is a supplier of refurbished diagnostic imaging equipment. Founded in 2014, the company’s set of services include equipment sales, part sales, equipment rentals, depot repair service, equipment installation and de-installation, and field-based…
Infinedi Partners has announced it has invested in LaSalle Network.
LaSalle, based in Chicago, is a national staffing and recruiting firm providing services in many sectors, including healthcare revenue cycle, technology, cybersecurity, accounting and finance, and human resources. Founded in 1998, the firm states it operates in more than 20 states and has more…
