Wednesday, August 16, 2017

Surgery Partners Closes In on Acquisition

Nashville-based Surgery Partners cleared various regulatory hurdles to close in on the acquisition of National Surgical Healthcare by month end.  The acquisition yields a diversified inpatient and outpatient surgical provider with 125 surgical facilities, 58 physician practice locations operating in 32 states. >>Read more  Funding for the acquisition will be provided in part by Bain Capital Private Equity.

When announcing the proposed acquisition earlier this year, Mike Doyle, Surgery Partners CEO expressed the following:
“We are very excited about the acquisition of National Surgical Healthcare and welcome our new partnership with Bain Capital Private Equity.  I would like to welcome the NSH team and physicians. This transaction strengthens our market position and will provide new opportunities to introduce ancillary services to our expanded network of surgical facilities..."

Tuesday, August 08, 2017

KKR Healthcare Portfolio Increases

Buyout firm, Kohlberg Kravis Roberts & Co. (KKR), is adding life to its healthcare portfolio with planned acquisitions of Covenant Surgical Partners and American Medical Response (AMR).

Nashville, TN-based Covenant Surgical Partners is a leading operator of ambulatory surgery centers with 37 locations. >>Read more  Sellers include DFW Capital Partners, Iroquois Capital Group and PineBridge Investments.

In a deal valued at $2.4 Billion, Envision Healthcare Corp. is selling American Medical Response (AMR) to KKR.  AMR is the nation's largest provider of ambulance services.  The proposed acquisition offers synergy with an KKR's existing portfolio company.  KKR's Air Medical Group Holdings is a leading provider of emergency air medical transportation services to individuals with critical health issues or injuries.  >>Read more