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Value-based: Following the sale of InnovaCare’s Puerto Rico-based assets earlier this year, Summit Partners is seeking a buyer for its remaining Florida-based value-based primary care platform, according to four sources familiar with the matter. JPMorgan Securities is providing sell-side financial advice on the process and the company has already received first round bids, the people said. While value-based care companies continue to command heightened levels of private equity investment broadly speaking, the rapid M&A-driven growth of its Florida operations adds complexity in valuing the business. Bidders view real EBITDA around... check out my full report on PE Hub.
Just in: Welsh, Carson, Anderson & Stowe has struck another partnership deal, acquiring a majority stake in Leiters, a rapidly growing leader in the FDA-regulated 503B outsourced pharmaceutical compounding industry. A number of additional investors are joining the investor base, including Intermountain Ventures, Novant Health, Rex Health Ventures, Spectrum Health Ventures and UNC Health. Read more on PE Hub.
And, VSS Capital Partners invested in The HFW Companies, forming a new platform company focused on consolidating the fragmented universe architecture, engineering and construction (AEC) service firms. The firm’s initial investment in HFW was between $20 million and $30 million and could increase, according to sources familiar with the deal. Read Aaron Weitzman's full report on PE Hub.
That’s it for me! Have a great week ahead, hubsters! As always, write to me at [email protected] with any tips, gossip or feedback.
Read the full wire commentary on PE Hub...
