Varsity Healthcare Partners

Varsity Healthcare Partners Closes Third Fund With $417 Million | LexBlog | 9/3/2019

Tweet Varsity Healthcare Partners (VHP) has announced the closing of its third private equity fund, VHP III, at $417 million. VHP , with offices in Los Angeles and Stamford, Conn., is a lower-middle-market private equity firm focused on healthcare services. Founded in 2014, VHP aims to commit equity investments ranging from $20 million to $60 million. With the closing of its third fund, total capital raised by VHP is …

Physician groups crave capital but worry about future sale | Modern Healthcare | 8/31/2019

Print Dr. Andrew Rocca said it wasn’t easy bringing his orthopedic group colleagues to consensus on selling their business to Varsity Healthcare Partners, a private equity firm. To get the deal done in November 2017, the 25 physician shareholders of the Orthopaedic Institute in Gainesville, Fla., had to agree to accept a sizable upfront cut in pay that would be contributed to equity in the new management services organization, in …

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Varsity Healthcare Partners Fund III raises $417 mln | PE Hub | 8/28/2019

… UBS Securities served as the placement agent, while Kirkland & Ellis acted as legal counsel to VHP. PRESS RELEASE Varsity Healthcare Partners Closes Third Private Equity Fund LOS ANGELES and STAMFORD, Conn. – August 28, 2019 – Varsity Healthcare Partners (“VHP”), a leading lower middle-market private equity firm focused on healthcare services, announced today the final closing of Varsity Healthcare Partners III (“VHP III”) with total capital commitments of $417 million, hitting …

Varsity Healthcare Partners ends third fundraise on $417m | 8/28/2019

Varsity Healthcare Partners has raised $417m for the final close of its third fund, after just five months on the road. An SEC filing published earlier this year, showed the VHP was initially looking to pull in $400m, but has surpassed this amount and $300m raised for its sophomore fund in 2017. The firm debut fund closed on $240m of capital commitments back in 2014. This latest fundraise brings VHP’s …

Varsity Closes Third Fund | 8/28/2019

Varsity Healthcare Partners has closed its latest fund, Varsity Healthcare Partners III LP , with total capital commitments of $417 million. The new fund hit its hard cap and was raised in just five months. Varsity makes control investments of $20 million to $60 million in lower middle market healthcare services companies generating up to $15 million of EBITDA. The firm has specific interest in multi-site healthcare providers operating in …

Varsity Healthcare Partners | Varsity Healthcare Partners Closes Third Private Equity Fund | 8/28/2019

Varsity Healthcare Partners Closes Third Private Equity Fund August 28, 2019 LOS ANGELES & STAMFORD, Conn. – August 28, 2019 – Varsity Healthcare Partners (“VHP”), a leading lower middle-market private equity firm focused on healthcare services, announced today the final closing of Varsity Healthcare Partners III (“VHP III”) with total capital commitments of $417 million, hitting the hard cap and exceeding the Firm’s fundraising target in only five months. This brings VHP’s …

Probo Medical Ranks in Top 500 for 2019 Inc. 5000 | PRWeb | 8/19/2019

Inc. recognized Probo Medical as the 476th fastest growing private company in America with a three-year revenue growth rate of 927 percent in its annual Inc. 5000 ranking. The Inc. 5000 is a prestigious recognition in the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, LinkedIn, Yelp, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. “Through organic …

Florida eye practice partners with PE group — 5 insights | Becker’s ASC Review | 7/17/2019

Sponsored by VMG Health 214.369.4888 Florida eye practice partners with PE group — 5 insights Written by Eric Oliver July 17, 2019 Print Email Miami-based Eye Surgery Associates partnered with Dallas-based EyeCare Services Partners Management for an undisclosed amount July 15. What you should know: 1. ESA and ESP share ownership of the company. ESA, with its four offices, has served the South Florida community for more than 30 …

Kirk Falconer wrote a new post, Senior OMERS Private Equity exec Jon McCarthy departs, on the site PE Hub | 5/3/2019

… of CBI Health , a Toronto provider of rehabilitation and home health services, bought in 2011 from Clearspring Capital Partners , and Forefront Dermatology , a Manitowoc, Wisconsin, network of dermatology practices, bought in 2016 from Varsity Healthcare Partners . McCarthy also played a lead role in the 2011 purchase of Accelerated Rehabilitation Centers , a Chicago provider of outpatient rehabilitation services, from Gryphon Investors . OPE sold the business in 2014 to Harvest Partners -backed …

Varsity Healthcare Partners Completes Partnership with Angels of Care | Business Wire | 4/25/2019

STAMFORD, Conn. & LOS ANGELES- Varsity Healthcare Partners, a leading lower middle-market private equity firm focused on healthcare services, announced today the completion of a growth equity investment in Angels of Care, a leading and rapidly growing provider of home health services to pediatric patients with complex medical conditions. The partnership with Varsity will provide Angels of Care with strategic guidance and capital to support its continued rapid growth, both …

Term Sheet April 25, Uber and Income Inequality, IPO Taxes, Deutsche Bank’s Merger Death, | Fortune | 4/25/2019

… Financial terms weren’t disclosed. • Ntiva , backed by Southfield Capital, acquired Diverse Technology Solutions , a New York-based cloud service provider for hosted data, voice and business IT solutions. CortiCare , a Carlsbad, Calif.-based telehealth services and EEG brain monitoring solutions, acquired Physicians Ancillary Services , a Rocky Hill, Conn.-based provider of ambulatory EEG services. HCAP Partners also invested. ClearCourse Partnership acquired NetXtra , a provider of intuitive integrated digital services to …

PE-backed ECP merges with Ascension Emergency Physicians | PE Hub | 4/24/2019

PE-backed ECP merges with Ascension Emergency Physicians April 24, 2019 Print Email Emergency Care Partners, which is backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners , has merged with Louisiana-based Ascension Emergency Physicians , a provider of outsourced emergency department management services. No financial terms were disclosed. Sheppard, Mullin, Richter & Hampton LLP acted as legal adviser to ECP and VHP on the deal while Offering Solutions PLLC did …

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Florida eye practice partners with PE group — 5 insights | Becker’s ASC Review | 7/17/2019

Varsity Healthcare Partners and Harvest Partners back ESP. More articles on surgery centers …

Kirk Falconer wrote a new post, Senior OMERS Private Equity exec Jon McCarthy departs, on the site PE Hub | 5/3/2019

Varsity Healthcare Partners . McCarthy also played a lead role in the 2011 purchase of Accelerated Rehabilitation Centers , a Chicago provider of outpatient rehabilitation services, from Gryphon Investors . OPE sold the business in 2014 to Harvest Partners -backed Athletico Physical Therapy , reportedly for US$450 million. Before OPE, McCarthy worked in sell-side equity research, covering the U.S. healthcare sector. OPE is an affiliate of $97 billion Canadian pension fund OMERS …