Private equity pushes into healthcare: 8 latest deals

There were more than 700 private equity deals in the healthcare industry in 2018, and the healthcare sector continues to draw private equity investors.

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

1. Mandryn Asset Management is investing up to $35 million in Veran Medical Technologies, a St. Louis-based medical device company.

2. Cobepa acquired BioAgilytix, a bioanalytical testing laboratory, from Riverside Partners.

3. PharMerica, a Louisville, Ky.-based pharmacy services provider owned by KKR and Walgreens Boots Alliance, agreed to acquire Louisville-based BrightSpring Health Services, a provider of home and community-based health services.

4. Pike Street Capital acquired Shoreline, Wash.-based US BioTek, a Clinical Laboratory Improvement Amendments-accredited testing facility that provides a variety of immunology and chemistry profiles to clinicians.

5. Arlington Capital Management sold Avalign Technologies, a Bannockburn, Ill.-based provider of coatings and manufacturing solutions to the orthopedic medical device and specialty surgical markets, to Linden Capital Partners.

6. TA Associates made a growth equity investment in Behavioral Health Works, an Anaheim, Calif.-based behavioral health services provider.

7. Spectrum Equity made an investment in Plano, Texas-based Payer Compass, a provider of healthcare reimbursement technology and price transparency solutions.

8. Clayton, N.C.-based FastMed Urgent Care, a portfolio company of Abry Partners, agreed to merge with Mesa, Ariz.-based NextCare Holdings.

More articles on healthcare finance:

AHA: Medicare underpaid hospitals by $53.9B in 2017
Pennsylvania hospital delays paychecks due to backlog in collections
Bankrupt hospital operator seeks to auction assets


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