Cinven, CVC, HCAP pursue diagnos tic healthcare companies; Healthc are IT trends drive Oak HC/FT-bac ked Reveleer’s add-on of Novillus

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Cinven, CVC, HCAP pursue diagnostic healthcare companies; Healthcare IT trends drive Oak HC/FT-backed Reveleer’s add-on of Novillus

Happy Fri-yay! John R Fischer here in the New York newsroom with the US Wire.

Let’s start things off with a look at my five-deal listicle on the diagnostic healthcare provider sector, which has caught the attention of PE firms on both sides of the Atlantic, including Cinven, Clearview Capital, CVC and HCAP Partners.

Then we’ll finish things off with Friday Focus, looking at a healthcare IT platform add-on by an Oak HC/FT-backed company.

Fragmentation
Predictable, recurring revenue streams and growing demand for preventative and personalized care are incentivizing PE firms to invest in and pursue rollup opportunities in the fragmented diagnostic healthcare provider market on both sides of the Atlantic.

PE Hub rounded up five of these deals from the beginning of the year, and premium subscribers to the Wire can read details on two of them.

Friday Focus
Diagnostic or otherwise, healthcare companies are increasingly relying on advanced workflow technologies to bridge care and interoperability gaps, particularly with healthcare insurance plans.

One deal announced this week that exemplifies this is Oak HC/FT-backed Reveleer’s acquisition of Novillus, a healthcare IT company developing workflow technologies, including AI-based systems, to help simplify and improve collaboration between healthcare insurance plans and provider groups.

Upgrade to the premium version of the Wire to learn more about what drove the deal.

To learn more about trends behind PE investments in healthcare IT, check out my recent mini-feature on the subject, where I spoke with Bailey & Company, InTandem Capital and TPG.

That’s it for me. As always, if you have any questions, thoughts or want to chat, please email me at [email protected]

Nina Lindholm will be back with the Europe Wire on Monday and MK Flynn will bring you the US edition.

Cheers,

John

Read the full wire commentary on PE Hub ...

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Deals

They said it

“There is a significant opportunity to improve how diagnostics are delivered across senior care and home health settings by building a high-quality, differentiated platform.”

— Hope Mago, partner, HCAP Partners

Today's letter was prepared by John R Fischer

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