Analytical cookies are used to understand how visitors interact with the website. WebPosted 3:17:19 PM. Companies headquartered in New York state account for around 3% of national private-equity activity in health care services, Springer said. Consonance Capital Partners (CCP) seeks to invest in U.S. middle market companies that add sustainable value to the healthcare system via the delivery of higher quality care at a lower cost. There were 158 private-equity deals in health care services during the last quartera 56% drop from 2021s fourth quarter, according to the PitchBook report. Full-Time. Companies headquartered in New York state account for around 3% of national private-equity activity in health care services, Springer said. Virtual house call solution for patients transitioning between levels of care. This publication is Part VI in that series. Just for flavor, these include: As in all healthcare segments, these barriers to entry present both challenge and opportunity. Despite a lot of macroeconomic turbulence, 2022 is still an extremely strong year by historical standards for health care services deal activity, said Rebecca Springer, a senior analyst and health care lead at PitchBook. Managing Director, Chief Compliance Officer for the Americas and Legal Counsel. Technology and She sits on the firms Executive Committee and is a recognized leader in promoting the advancement of women in the private equity sector. Insights on Issues & Trends that Impact Investments in Healthcare & Life Science Businesses. Companies in its portfolio include benefitexpress, a SaaS platform for employee benefits and health exchange services; LearnIT, a national provider of Autism services; Schweiger Dermatology Group, a provider of dermatology services in the N.Y. metro area; SUN Behavioral, an operator of free-standing psychiatric hospitals; HighPoint Solutions, a provider of specialized management and IT services to life sciences and healthcare clients; Numotion, a provider of complex rehabilitation products; Physicians Immediate Care, which manages a network of medical clinics providing urgent care, occupational medicine, physical therapy and employer services; Vivere Health which operates ambulatory surgery centers and laboratories focused on womens health and fertility; and Phreesia, a point-of-service patient intake and payments solution for physicians offices. Rising labor costs resulting from inflation, especially in low-skilled labor positions, have been a large contributor to the drop in deals, Springer said. These investors are primarily funds that focus largely on growth-stage, buyout and platform funding transactions. Based in New York, the firm seeks to investment between $20 million and $50 million in healthcare companies providing services and products and distribution. This cookie is installed by Google Analytics. Beecken Petty OKeefe & Company (BPOC) Founded in 1996, BPOC is a Chicago-based firm that seeks control and minority equity in middle-market companies exclusively within the healthcare industry through a wide range of investments. The senior team has been working together for over 20 years and has extensive relationships throughout the industry. Managing Partner, Chief Investment Officer. Sverica International Founded in 1993, Sverica pursues control and minority equity through a range of investment sizes. 2023 Vesey Street Capital Partners. Click "accept" below to confirm that you have read and understand this notice. San Francisco. Our Partners have been leaders in the healthcare services space for a combined 100+ years, both on Wall Street and as executives for leading healthcare businesses. Companies in its portfolio include StateServ, a provider of durable medical equipment services to hospices; Great Lakes Caring, a provider of home health and hospice care serving the Midwest and Northeastern United States; and ModernMD, a provider of urgent care services. Copyright 19962023 Holland & Knight LLP. We take a hands-on approach to our investments and work closely with management teams with the aim of creating value for all stakeholders. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. In its portfolio is 360 PT Management, a provider of physical therapy and specialty rehabilitation services; TGaS Advisors, a provider of comparative benchmarking and advisory services to the pharmaceutical industry; and Wake Research Associates, a provider of clinical trial services to the pharmaceutical industry. More information about Pharos is available at www.pharosfunds.com. Support initiatives that increase the healthcare industrys appeal as an investment sector. We use technology to provide efficient legal solutions and employ a diverse workforce to bring real-world and innovative perspectives to meeting our clients needs. It seeks control equity through a variety of investment sizes. Linda SOR. Consonance Capital Partners (CCP) is a private equity manager focused exclusively on investing in the healthcare industry. More information about Riata is available at www.riatacapital.com. One case currently being litigated before the U.S. District Court for the Southern District of New York, Chartwell RX, LLC vs. Inmar Inc., illustrates that drug manufacturers are not afraid to play hardball with technical requirements in their return policies. More information about GI Partners is available at www.gipartners.com. To recommend a firm to be profiled in a future column or request a change to a profile, please email awalsh@mcguirewoods.com or fill out the form here. This is an area that is ripe for dispute and one that private equity investors with logistics and distribution experience would recognize from other industries. Altaris is flexible in its investment sizes. BelHealth manages approximately $500 million in assets and is currently investing out of BelHealth II, a $350 million fund. Based in San Francisco, the firm focuses exclusively on healthcare, seeking opportunities in areas including hospitals, physicians, managed care, pharmaceutical developers, device makers and consumer products and services. These cookies track visitors across websites and collect information to provide customized ads. Thus, we have decided to launch the Leading Private Equity Investors in Healthcare website. These cookies ensure basic functionalities and security features of the website, anonymously. The firm seeks control equity investments in healthcare companies in the provider services industry and companies that live in the healthcare sector but do not have direct reimbursement risk, while also investing in other non-healthcare industries. He presents regularly at private equity, national health care and leadership-focused conferences on a variety of subjects. The firm takes a collaborative approach to these relationships and believes that strong managers with aligned incentives are the backbone of a successful investment strategy. Private equity's purchases have WebAltaris is an investment firm exclusively focused on the healthcare industry. More information about General Atlantic is available at www.generalatlantic.com. Enhanced Equity Funds (EEF) Founded in 2005 and based in New York, EEF is focused exclusively on investing in the lower-middle market healthcare industry. All Rights Reserved. Based in Chicago, the firm makes market recapitalization or buyout transactions consisting of equity and supportive subordinated debt in aggregate amounts of $10 million to 30 million per investment in several sectors, including healthcare. When activity began to decline last year, it was unclear how the landscape would fare, Springer said, adding, I think at this point, its pretty clear that the effect is a kind of moderate slowdown but not the bottom falling out.. 685 Third Avenue Apogem Email: info@avistacap.com Phone: 212.593.6900. WebVSCP is a private equity firm with substantial and differentiated expertise, specializing in buyouts of lower middle-market healthcare services businesses. More information about SBJ is available at www.sbjcap.com. Companies in its portfolio include Performance Health, a specialty distributor of rehabilitation supplies and equipment; Physicians Endoscopy, a developer, owner and manager of endoscopic surgery centers; and DuPage Medical Group, an independent, multi-specialty physician group. There might be more deals in skilled care and behavioral health, for example, due to an increased demand for providers, she said. Posted: February 28, 2023. Our client is a healthcare-focused private equity firm that invests in high-potential companies inSee this and similar jobs on LinkedIn. At the time of his death, Lee Equity Partners had spent a year raising a new fund. VSCP is a private equity firm with substantial and differentiated expertise, specializing in buyouts of lower middle-market healthcare services businesses. Companies in its current portfolio include Pediatric Therapy Services, a provider of therapy services to a variety of public school districts and private learning centers; Southern Veterinary Partners, a support organization for general veterinary practices in the Southeast; Chicagoland Smile Group, a dental support organization in Chicago; Florida Autism Centers, a provider of center-based applied behavior analysis treatment to children diagnosed with Autism Spectrum Disorder; and IZI Medical Products, a developer, manufacturer and provider of medical consumable accessories used in radiology, radiation therapy and image-guided surgery procedures. WebPPC has more than 200 years of combined private equity experience and expertise and manages more than $1.2 billion in committed capital on behalf of pensions, endowments, insurance companies, and foundations. The firm seeks control equity, minority equity, junior capital and other investments. InTandem Capital Partners InTandem focuses on acquiring and accelerating growth of middle-market companies. Based in New York, the firm targets companies with revenues of $20 million to $250 million, minimum EBITDA of $5 million and an equity need of $5 million to $25 million in healthcare services and several other sectors. VSCP invests on behalf of a wide array of Limited Partners, including asset management firms, family offices, pension funds, and other institutional investors. Altaris is an investment firm exclusively focused on the healthcare industry. MTS Health Investors MTS Health Investors is a private equity firm based in New York. At the time of his death, Lee Equity Partners had spent a year raising a new fund. 8 hour shift. $150,000 - $300,000 a year. SCOTT BECKER, PARTNER 312.750.6016 | sbecker@mcguirewoods.com . Within healthcare, Riata pursues investments in the provider services industry and companies that live in the healthcare sector but do not have direct reimbursement risk. In each case, the early losses suffered by companies with loose compliance enabled more sophisticated entrants to rapidly take market share in reaction. Within healthcare, the firm targets companies in the life sciences/pharmaceutical and non-reimbursement healthcare industries. Companies in its portfolio include Inform Diagnostics, an independent anatomic pathology provider; National Spine & Pain Centers, which provides administrative services to interventional pain management clinics focused on chronic back and neck pain; OptiNose, a specialty pharmaceutical company; and Osmotica Pharmaceutical, a specialty pharmaceutical and generics company. Healthcare companies in its portfolio include Adeptus Health, the holding company for First Choice Emergency Room, which operates freestanding ERs; Kids Care Dental, a northern California-based pediatric dental practice; Platinum Dermatology Partners, a provider of practice management solutions to dermatology groups; Q-Centrix, an outsourced healthcare outcomes data provider focused exclusively on serving the quality departments of acute care hospitals; Results Physiotherapy, a leading provider of outpatient physical therapy services; and Surgical Solutions, a provider of operating room solutions to hospitals for minimally invasive surgical procedures. New York, NY 10036 (Midtown area) +1 location. The firm seeks minority or control equity investments in healthcare companies in the pharmaceutical, provider services and non-reimbursement healthcare industries, and invests in companies in other industries as well. Companies in its portfolio include EnableComp, a provider of workers compensation reimbursement solutions; Healthcare Bluebook, a provider of cost and quality transparency solutions; and Steris, a provider of infection prevention and sterilization products and services. Petra Capital Partners Founded in 1996, Petra provides growth capital for middle-market companies. More information about High Street is available at www.highstreetcapital.com. Private-equity activity in health care services was down in the fourth quarter of last year, reflecting a landscape of decreased cash flow and rising labor costs, a PitchBook analysis found. CCP targets growth equity, leveraged buyouts, and recapitalization transactions in the middle market. Medicare plan specifically designed for beneficiaries living in SNFs for 90+ days. More information about ORIX Healthcare is available at www.orix.com/capital-solution/healthcare/. Herv DESCAZEAUX. Key to the process is the identification of management teams who have a demonstrated ability to effectively navigate a highly complex and regulated industry. Silversmith Capital Partners Founded in 2015, Silversmith is a growth equity firm. We have seen this play out again and again in other areas, from increased third party payor scrutiny of procedure coding in the provider space to concerns over false advertising and marketing. Primus Capital Founded in 1984, Primus is a growth-oriented private equity firm which takes a flexible approach to its investment. Companies in its portfolio include Access, a provider of records and information management services and Netsmart, a human services and integrated care technology provider. More information about BelHealth is available at www.belhealth.com. More information about BPOC is available at www.bpoc.com. Companies in its portfolio include Seaside Healthcare, an owner, developer and operator of a network of facilities specializing in mental health treatment services for the adult and geriatric population; MOTION Physical Therapy, an outpatient provider of physical and occupational therapy services; Sona Dermatology and MedSpa, a multi-site provider of medical, cosmetic, surgical and pathologic dermatology; and TechLab, a developer and manufacturer of diagnostics products. More information about Shore is available at www.shorecp.com. New York. The firm is flexible in its investment size. At-home healthcare designed to prevent unnecessary emergency room visits. Private Equity Partner of Choice for Lower Middle-Market Healthcare Companies. In the Chartwell lawsuit, Chartwell (a manufacturer) alleges that Inmar, a reverse distributor, did not strictly comply with some of its return policy terms, such as including the product expiration dates on return submissions. 2500 Williston DriveCharlottesville, VA 22901United Statesinfo@hcpea.org. One of the benefits of existing inside a niche specialty is that it attracts less regulatory attention. Companies in its portfolio include Etairos Health, a provider of non-skilled home-based care for the elderly in select Florida and southeastern markets; Alternative Behavior Strategies, a provider of in-home and center-based applied behavior analysis therapy, speech therapy and occupational therapy services to children with autism spectrum disorder; and Health Essentials, a provider of hospice services throughout the western United States. Purchases have WebAltaris is an investment firm exclusively focused on the healthcare industry call solution for patients transitioning between of... 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