L. Catterton-backed PatientPoint LLC is in talks to merge with main rival Outcome Health in a deal that would create the largest U.S. advertising network in doctors’ offices, according to people familiar with the matter. A deal with Outcome Health, also owned by a private equity firm, could value the combined company at roughly $600 million, including debt, said the people who asked not to be identified because the discussions were private. The talks are in the early stages and could still fall apart, the people said. While the deal price could still change, it will likely reflect a dramatic decline following a fraud probe for Outcome Health, which was valued at more than $5 billion in a 2017 funding round.
Simon Hegele Healthcare Solutions, a globally active and highly specialized service partner for OEMs of large-scale medical equipment, is expanding into South America with the acquisition of Elbrus Assistência Técnica Em Raio X Ltda. Elbrus is an established OEM service partner based in Curitiba, Brazil. The company is known for its experience and first-class service, from maintenance and installation of small medical devices to advanced large therapy products. Founded in 1996 in Curitiba, Brazil, the company has a portfolio of well-known customers such as Siemens Healthineers.
Valor Global, a leading provider in world class call center solutions to customers around the world, has announced its acquisition of DRS Services USA, a top healthcare and medical call center services provider specializing in patient scheduling and healthcare support solutions, based in Scottsdale, Arizona. The acquisition of DRS Services will significantly expand Valor Global’s current healthcare customer-experience solutions and create 500 new healthcare jobs in metro-Phoenix over the next 12 months.
Medical Knowledge Group, LLC (“Medical Knowledge Group” or “MKG”), an analytics-driven and technology-enabled multichannel health care marketing and communications conglomerate whose operating companies serve the biopharmaceutical industry, has acquired Magnolia Innovation, a premier market research and strategy consulting firm. Founded in 2013, Magnolia Innovation has a strong reputation for leveraging market insights to drive business strategy and execution.
Irish healthcare services company Uniphar has acquired US-based healthcare communications company Diligent Health Solutions for up to $27 million as it builds market presence in North America. Uniphar said the acquisition would be “highly complementary” to its business and would help build connectivity between clients and key healthcare stakeholders through the provision of communication technologies. DHS, which employs 80 people, provides contact centre services, focuses on the delivery of medical information to patients, healthcare practitioners and payors. Uniphar will pay $10 million up font for the business, with the remainder of the price tag linked to earnings before interest, tax, depreciation and amortisation performance over four years.
Big Language Solutions (BIG) has acquired healthcare and insurance specialist ISI Language Solutions. The transaction closed in early September 2020, Jeff Brink, CEO at BIG, told Slator. ISI is based in Glendale, California, while BIG operates out of Atlanta, Georgia. Some 70 ISI staff will join the BIG and ProTranslating organizations, bringing the total headcount of the Group to 300 FTEs. As previously reported, Brink in tandem with PE firm MSouth set up BIG to “assemble a portfolio of high-performing and complementary language service providers,” of which ProTranslating (USD 25m in annual revenues) was the first.
The Albany-based marketing agency Overit announced Monday it has acquired Smith & Jones. Smith & Jones has been focused exclusively on health care clients, and vice president of strategy and communications Paul Fahey said the acquisition will allow Overit to expand its ability to work in that sector by providing in-house services in video, audio, web, social media, focus groups and more. Overit, founded by CEO Dan Dinsmore in 1993, already works with health care organizations including Ellis Medicine, the state Department of Health, state Office of Mental Health, the state Office of Addiction Services and Supports and CDPHP.
BV Investment Partners generated an IRR of almost 100 percent on Franco Signor, a source has told PE Hub, less than a year and a half into its investment. The firm announced its acquisition of Franco Signor in April 2019, with the acquisition representing the eighth investment out of its ninth fund.
BV Investment Partners (“BV”), a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors, announced Friday the sale of Franco Signor, a provider of Medicare Secondary Payer (MSP) compliance solutions for self-insured companies, insurers, and third party administrators, to Verisk (Nasdaq:VRSK), a leading data analytics provider. Franco Signor will become part of Verisk’s Claims Partners business, another leading provider of MSP compliance and other analytic claim services.
Red Nucleus, a premier provider of learning, performance, and process solutions for the life sciences industry, announced that it has acquired Life Science Training Institute (“LSTI”), a leading provider of live instruction, on-demand, and custom compliance training courses for the pharmaceutical, medical device, and biotech industries. LSTI, with an online subscription library of over 200 courses and unique custom training solutions, will become part of Red Nucleus’s rapidly growing R&D business.
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