Sunstone’s Ankur Rathi shares Accuhealth plans; Home improvement draws private equity interest

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Sunstone’s Ankur Rathi shares Accuhealth plans; Home improvement draws private equity interest

Morning Hubsters, Craig McGlashan here on Tuesday Wire duty.

Opening things this morning we have a deep dive into Sunstone Partners’ acquisition of healthcare software developer Accuhealth, as partner Ankur Rathi talks us through the reasoning behind the investment and the growth plans for the business.

Next we look at home renovation, including some projected figures for spending in the sector and then a trio of deals linked to the sector. First we have the Halifax Group selling an installer of exterior building solutions to Monomoy Capital Partners; next we look at a KKR- and Cortec Group-backed company making a push in Canada; and we finish with Silver Oak Services Partners leading the recap of a landscaping company.

Monitoring

Sunstone Partners aims to add new capabilities to scale software developer Accuhealth as its platform in the remote patient monitoring (RPM) and chronic care management (CCM) sectors, Sunstone partner Ankur Rathi told PE Hub’s John R Fischer.

Read more in the subscriber version of the Wire.

Renewed renovation

Spending on improvements and repairs to owner-occupied homes is expected to steady at “near-record levels,” according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Read more on the expected figures in the premium version of the Wire.

We’ve got a trio of deals in that world to report this morning.

The Halifax Group has sold Southern Exteriors, an installer of exterior building products based in Jackson, Georgia, to Monomoy Capital Partners.

Meanwhile, Groundworks, backed by KKR and Cortec Group, has begun its expansion into Canada with the acquisition of Doug Lacey’s Basement Systems, a basement and crawl space services contractor based in Calgary.

Finally, Silver Oak Services Partners has led a recapitalization of Beary Landscaping, a Lockport, Illinois-based provider of recurring landscaping and snow removal services.

Right, that’s all from me today. In a change to the usual schedule, Rafael Canton will write to you tomorrow.

Cheers,

Craig

Read the full wire commentary on PE Hub ...

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They said it

“Accuhealth is our platform in this space, but we see an opportunity to acquire additional capabilities in a highly fragmented market that sells to independent physicians and health systems. We believe there is a great opportunity to create a category leader in this space offering a multi-modality approach to connect with patients on a remote basis across specialties and disease states.”

— Ankur Rathi, partner, Sunstone Partners