Health care continues to drive private equity (“PE”) activity, creating opportunities for investors and traditional health care providers. Transactions in the health care space are especially complicated, layering health care regulatory and reimbursement considerations on top of a complex securities, antitrust, privacy and security framework.

Hall Render’s PE team of attorneys and advisors leverage the strength and depth of our bench to navigate and efficiently execute PE transactions. The summary below includes highlights of recent PE deals and legislative updates.

  • EXA Capital recently acquired PrecisionCare’s software-as-a-service platform that delivers electronic health records and care management solutions throughout the behavioral health and long-term care sectors. PrecisionCare’s existing management team will operate independently from EXA Capital, using EXA Capital’s funding to scale within the health care technology industry. EXA Capital is a Dallas, Texas-based PE firm specializing in software companies.
  • Coker, backed by Trinity Hunt Partners, acquired Health Care Program Advisors (“HCPA”). HCPA is a health care management consulting firm operating out of Atlanta, Georgia. HCPA works with hospitals and health systems to enhance the operational, clinical and financial performance of providers. Coker is a nationwide health care advisory firm. HCPA is Coker’s third acquisition since Trinity Hunt’s recapitalization in 2023. Trinity Hunt Partners is a growth-oriented PE firm headquartered in Dallas, Texas with over $2 billion of assets under management.
  • Leonard Green & Partners-backed CHG Healthcare announced the acquisition of CareerMD. CareerMD is a physician career management platform helping thousands of health care recruiters connect with qualified candidates through digital and live events. CHG Healthcare is a staffing agency providing temporary and permanent placements for physicians and health professionals across the United States. CHG Healthcare plans to utilize the CareerMD acquisition to enhance its support for clinicians throughout their career journey. CHG Healthcare is financed by Leonard Green & Partners, a Los Angeles, California-based PE firm with approximately $77 billion of assets under management.
  • Clearlake Capital Group made a majority investment in ModMed. ModMed provides various cloud, data and AI health care technology that support the needs of providers across several specialties. ModMed aims to leverage funding from Clearlake Capital Group to continue growth and to leverage technology to transform the patient-provider experience. Clearlake Capital Group is a PE firm headquartered in Santa Monica, California, with over $90 billion of assets under management.

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Hall Render blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot—outside of an attorney-client relationship—answer specific questions that would be legal advice.

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