Private equity pushes into healthcare: 6 latest deals

There were more than 700 private equity deals in the healthcare industry in 2018. The healthcare sector continued to draw private equity investors last year, and activity is off to a strong start in 2020.

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Here are six private equity deals announced in the past month:

1. Kriya Capital acquired Medstat Accounts Receivables Management, a Mesa, Ariz.-based provider of revenue cycle services for medical professionals.

2. Gryphon Investors signed a definitive agreement to invest in Pacur, an Oshkosh, Wis.-based supplier of specialty plastic packaging materials for the medical device industry.

3. Stada, a drugmaker owned by Cinven and Bain Capital, agreed to acquire 15 healthcare brands from GlaxoSmithKline.

4. Water Street Healthcare Partners signed a definitive agreement to invest in Solvias, an independent pharmaceutical lab based in Switzerland.

5. Francisco Partners signed a definitive agreement to acquire Smith Technologies, a Spartanburg, S.C.-based developer of community pharmacy and long-term care technology.

6. RevSpring, a portfolio company of GTCR, acquired Loyale Healthcare, a Lafayette, Calif.-based provider of patient financial engagement software.

More articles on healthcare finance:
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Washington health system apologizes for billing glitch

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