Back pain app creator Kaia Health inks $10 mln Series A


This post is by Iris Dorbian from PE Hub Blog: Venture Capital Deals


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Kaia Health, a creator of a back pain app, has secured $10 million in Series A funding. Balderton Capital led the round.

PRESS RELEASE

London, Munich & New York City, 21st January 2019 – Digital therapeutics pioneer Kaia Health, creator of the world’s leading back pain app, today announces it has raised $10 million in a Series A round led by Balderton Capital to tackle some of the world’s most urgent health challenges, including a range of chronic conditions. The investment will be used to support Kaia Health’s US rollout, including a new office in New York City, and fund further clinical studies.

Since launching in 2016, Kaia Health, has created scientifically-validated digital treatments for a range of disorders including back pain and COPD. Its Kaia back pain app has been rapidly adopted by over 250,000 individuals as well as organisations across Europe and the US. This includes some

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VC-backed Paladina Health acquires Activate Healthcare


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Paladina Health has acquired Indianapolis-based Activate Healthcare, an healthcare provider for employers and unions for preventive and primary medical care. No financial terms were disclosed. Paladina Health is backed by New Enterprise Associates, Oak HC/FT, Alta Partners and Greenspring Associates.

PRESS RELEASE

DENVER, Jan. 16, 2019 /PRNewswire/ — Paladina Health, an innovative national leader in direct primary care services, has acquired Activate Healthcare, a transformative healthcare provider offering customized services to employers and unions for preventive and primary medical care. The collaboration of Paladina Health and Activate Healthcare creates one of the largest providers of value-based primary care across the United States serving more than 170,000 patients in 18 states.

“We are excited to partner with Activate Healthcare and their outstanding team to pursue our collective vision of transforming healthcare in America,” said Chris Miller, Paladina Health’s Chief Executive Officer. “This partnership underscores the need for innovation and change to

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Arsenal Capital buys Accumen


This post is by Luisa Beltran from PE Hub Blog: Buyout Deals


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Arsenal Capital Partners said Jan. 17 that it acquired Accumen Inc from Accretive LLC. Financial terms weren’t announced. Accumen, of San Diego, provides health system performance optimization solutions.

PRESS RELEASE

ARSENAL CAPITAL PARTNERS ACQUIRES ACCUMEN

 

NEW YORK, January 17, 2019 – Arsenal Capital Partners (“Arsenal”), a leading private equity firm that invests in middle-market healthcare and specialty industrials companies, announced today the acquisition of Accumen Inc. (“Accumen”), a leading technology-enabled provider of health system performance optimization solutions, from Accretive, LLC, a specialized investment firm based in New York.  The terms of the acquisition were not disclosed.

 

Founded in 2011, Accumen provides end-to-end strategy and services to drive value and long-term sustainability for healthcare providers’ clinical laboratories, outreach services, patient blood management systems, and imaging services.

 

Steve McLean, a Senior Partner of Arsenal said, “Accumen has a best-in-class management team with highly valuable expertise in providing operating

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Definitive Healthcare buys HIMSS Analytics


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Definitive Healthcare, which is backed by Spectrum Equity, has acquired HIMSS Analytics, a provider of healthcare data. No financial terms were disclosed. Colonnade Securities was financial adviser to HIMSS Analytics on the transaction.

PRESS RELEASE

FRAMINGHAM, MA – January 16, 2019 – Definitive Healthcare, the leading provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the data services business and assets of HIMSS Analytics, which includes the Logic, Predict, Analyze and custom research products. Today’s acquisition builds on the Company’s articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market.

“HIMSS Analytics has developed an extraordinarily powerful dataset including technology install data and purchasing contracts among other leading intelligence that, when combined with Definitive Healthcare’s proprietary healthcare provider data, will create a truly best-in-class solution for our client base,”

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PE-backed Median acquires two Germany-based clinics


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Median, a portfolio company of Waterland Private Equity Investments, is acquiring two clinics run by Kliniken Wied GmbH & Co. KG, a German provider of residential and out-patient treatments for alcohol, medication and drug dependency. No financial terms were disclosed.

PRESS RELEASE

Berlin/Wied, 16 January 2019 – MEDIAN, a portfolio company of Waterland Private Equity Investments since 2011 and Germany’s largest private operator of rehabilitation clinics, is acquiring the two clinics run by Kliniken Wied GmbH & Co. KG in Wied and Steimel, in the region between Bonn and Koblenz. The company is specialised in providing residential rehabilitation for addicts since 1974, a field that is one of MEDIAN’s main specialities.

Kliniken Wied provides more than 210 hospital beds, managed by 166 employees. The focus is on residential and out-patient treatments for alcohol, medication and drug dependency, including the parallel treatment of somatic and psychosomatic diseases together

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1315 Capital buys Biocoat


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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1315 Capital has acquired Horsham, Pennsylvania-based Biocoat Inc, a developer of biomaterial coatings for medical devices. No financial terms were disclosed.

PRESS RELEASE

HORSHAM, Pa., Jan. 16, 2019 /PRNewswire/ — Biocoat, Inc., (Biocoat) a 27-year old privately held company, announced today that it has been acquired by 1315 Capital, a Philadelphia-based healthcare investment firm that provides expansion and growth capital to commercial-stage healthcare services, medical technology, and specialty pharmaceutical companies. The transaction closed on December 20, 2018.

The acquisition of Biocoat by 1315 Capital will assist the Company in taking a more aggressive and growth-oriented approach in the biomaterial coatings market for medical devices, a market projected to reach over $15 billion by 2021.

“We’re excited about this merger and the financial support which 1315 Capital provides. The synergies between our management team and the team at 1315 Capital were clear from the start,” said Jim Moran,

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K1-backed PerfectServe buys Telmediq


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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PerfectServe has acquired Seattle and British Columbia-based Telmediq, a clinical communication and collaboration platform for hospitals and healthcare systems. No financial terms were disclosed. PerfectServe is backed by K1 Investment Management.

PRESS RELEASE

KNOXVILLE, Tenn., Jan. 16, 2019 /PRNewswire/ — PerfectServe®, a leading provider of cloud-based clinical communication and collaboration (CC&C) solutions, today announced the acquisition of Telmediq, the top-rated KLAS vendor for secure communication platforms in 2018. The Telmediq acquisition follows an investment last year in PerfectServe by K1 Investment Management (K1), a leading private equity firm focused on high-growth enterprise software companies. The combined power of PerfectServe and Telmediq to connect physicians and nurses across the healthcare continuum creates a clear choice for healthcare organizations looking for wide-ranging CC&C functionality, higher service levels and the latest advancements in technology.

Together, PerfectServe and Telmediq represent the most comprehensive set of CC&C capabilities in the market today. The

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CRG commits $70 mln to Mid-Atlantic Dental Partners


This post is by Iris Dorbian from PE Hub Blog: Buyout Deals


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Mid-Atlantic Dental Partners, a dental support organization, has secured $70 million in funding. The investor was CRG. Mid-Atlantic is a portfolio company of S.C. Goldman & Company LLC. Cooley LLP served as exclusive legal adviser to CRG while Waller Lansden Dortch & Davis did likewise for Mid-Atlantic.

PRESS RELEASE

NEW YORK, Jan. 16, 2019 /PRNewswire/ — CRG, a premier healthcare-focused investment firm, today announced a $70 million commitment to Mid-Atlantic Dental Partners (“Mid-Atlantic), a dental support organization dedicated to improving the delivery of dental services for patients in several markets across the country and a portfolio company of S.C. Goldman & Company, LLC (“S.C. Goldman”). Mid-Atlantic recently completed the acquisition of Birner Dental Management Services, Inc. (OTCQX: BDMS), which operates dental practice affiliates under the Perfect Teeth brand throughout Colorado, Arizona, and New Mexico.

“By taking responsibility for all the non-clinical activities that go into

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HEP taps Taylor as venture partner


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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Health Enterprise Partners has named Mike Taylor as a venture partner. Previously, Taylor  was president of MultiPlan‘s payment integrity division.

PRESS RELEASE

NEW YORK, Jan. 16, 2019 /PRNewswire/ — Health Enterprise Partners (“HEP”), a healthcare private equity fund, is pleased to announce the addition of Mike Taylor as Venture Partner. “As a proven entrepreneur and physician, Mike brings a unique set of attributes to HEP that will benefit our investors and portfolio companies,” said Dave Tamburri, Managing Partner of HEP. “After more than 10 years of friendship, we are fortunate to welcome him to the team.”

Prior to joining HEP in January, Mike served as President of MultiPlan’s Payment Integrity division, a position he held since MultiPlan’s acquisition of Medical Audit & Review Solutions (“MARS”) in 2014. Mike founded MARS as a technology-enabled provider of healthcare payment integrity services for payers and third-party administrators. He served as President

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NMS-backed Cordental buys Boain Dental Care


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Cordental, a portfolio company of NMS Capital, has acquired Florissant, Missouri-based Boain Dental Care, a dental practice. No financial terms were disclosed.

PRESS RELEASE

Cincinnati, OH and Florissant, MO, January 4, 2019 – CORDENTAL Group® (“CORDENTAL”), a portfolio company of NMS Capital (“NMS”), announced today that it has entered into an affiliation with John C. Boain, DDS of Boain Dental Care in Florissant (St. Louis), MO. Dr. John Boain received his DDS degree from Creighton University, where he graduated with honors. He is a Fellow with the American Academy of General Dentistry and an Associate Fellow with the American Academy of Implant Dentistry. He is also a member of the Advanced Dental Implant Studies in Atlanta, where he travels to four times per year to learn advanced surgical techniques and attend focused conferences. Other memberships include the International Congress of Oral Implantologists, American Dental Association, Missouri Dental

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NPH hires Hagey as CFO


This post is by Iris Dorbian from PE Hub Blog: Human Resources


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National Partners in Healthcare, a joint venture between Archimedes Health Investors LLC, a healthcare-focused private equity firm, and BlueMountain Capital Management LLC, has appointed David Hagey as chief financial officer. Previously, Hagey was worked at Epic Health Services Inc.

PRESS RELEASE

RICHARDSON, Texas, Jan. 14, 2019 /PRNewswire/ — National Partners in Healthcare (NPH) announced today that David Hagey, has joined the leadership team as the Chief Financial Officer. Hagey brings extensive experience and a proven track record of accomplishments to his role at NPH, having spent the past 20 years in senior executive positions with various healthcare companies.

“David’s extensive executive experience in financial, M&A, and accounting and leadership roles in the healthcare industry makes him a uniquely qualified individual and excellent addition to our executive team,” said Mike Saunders, CEO of NPH.

Hagey comes to NPH from Epic Health Services, Inc., the nation’s largest provider

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PE-backed Lombart merges with Marco Ophthalmic to form Advancing Eyecare Holdings


This post is by Iris Dorbian from PE Hub Blog: PE-Backed Mergers and Acquisitions


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Lombart Instrument, a portfolio company of Atlantic Street Capital, has partnered up with Marco Ophthalmic to form Advancing Eyecare Holdings. No financial terms were disclosed. The deal is expected to close in the first quarter of this year. Lombart is a distributor of ophthalmic instruments to ophthalmologists and optometrists while Marco Ophthalmic Inc is a high-tech instrumentation supplier.

PRESS RELEASE

STAMFORD, Conn., Jan. 11, 2019 /PRNewswire/ — Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today that it will form Advancing Eyecare Holdings with the partnership of its portfolio company Lombart Instrument (Lombart), the leading U.S. distributor of ophthalmic instruments to ophthalmologists and optometrists, and Marco Ophthalmic Inc (Marco), a market leading, high-tech instrumentation supplier.

The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2019.

Founded in

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