Private equity pushes into healthcare: 7 latest deals

There were more than 300 private equity deals in the healthcare industry in 2019, and the healthcare sector has continued to draw private equity investors this year. 

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

1. CareCentrix, a health benefits manager owned by Summit Partners, acquired Turn-Key Health, a Philadelphia-based palliative care company serving health plans, hospitals and physicians. 

2. Yukon Partners invested in Greenville, S.C.-based Crossroads Treatment Centers, a portfolio company of Revelstoke Capital Partners that operates 94 clinics providing medication assisted treatment services for people who are opioid dependent. 

3. Adare Pharma, a portfolio company of TPG Capital, acquired Orbis Biosciences, a Lenexa, Kan.-based pharmaceutical technology company. 

4. Altaris Capital Partners acquired a majority stake in 3M’s drug delivery systems unit for $650 million. 

5. Aspen Surgical Products, a portfolio company of Audax Private Equity, acquired Precept Medical Products, an Arden, N.C.-based manufacturer of single-use protective medical apparel. 

6. Parthenon Capital invested in RxSense, a provider of pharmacy benefit management solutions. 

7. Safeguard Medical, a portfolio company of Water Street Healthcare Partners, acquired Water-Jel Technologies, a Carlstadt, N.J.-based provider of emergency burn care products. 

More articles on healthcare finance:
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CMS offers hospitals $1.9B in incentive payments
Hospitals blast CMS decision to double down on price transparency

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