M&A Deal Summary

Altaris Capital Partners Acquires AGS Health

On September 28, 2017, private equity firm Altaris Capital Partners acquired healthcare services company AGS Health from WindRose Health Investors

Acquisition Highlights
  • This is Altaris Capital Partners’ 7th transaction in the Healthcare Services sector.
  • This is Altaris Capital Partners’ 23rd transaction in the United States.
  • This is Altaris Capital Partners’ 1st transaction in District of Columbia.

M&A Deal Summary

Date 2017-09-28
Target AGS Health
Sector Healthcare Services
Buyer(s) Altaris Capital Partners
Sellers(s) WindRose Health Investors
Deal Type Recapitalization

Target

AGS Health

Washington, District of Columbia, United States
website
AGS Health is an analytics driven, technology enabled Revenue Cycle Management (RCM) company providing medical billing, medical coding and healthcare analytics services to healthcare providers across the US. AGS Health was formed in 2011 and is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

Altaris Capital Partners

New York City, New York, United States

website


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Altaris Capital Partners is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris Capital Partners was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 25 of 34
Sector (Healthcare Services) 7 of 7
Type (Recapitalization) 2 of 2
State (District of Columbia) 1 of 1
Country (United States) 23 of 32
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 G&H Orthodontics

Franklin, Indiana, United States

G&H Orthodontics is a manufacturer, distributor of orthodontic products. G&H Orthodontics manufactures 'ortho force' products that make teeth move, primarily orthodontic archwires and elastics (rubber bands), versus products that anchor teeth in the orthodontic process. G&H Orthodontics was founded in 1981 and is based in Franklin, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-24 Clearwater Compliance

Nashville, Tennessee, United States

Clearwater Compliance is a provider of cyber risk management and regulatory compliance solutions to the healthcare industry. Clearwater Compliance is based in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 13 of 25
Sector (Healthcare Services) 9 of 15
Type (Recapitalization) 1 of 3
State (District of Columbia) 1 of 1
Country (United States) 13 of 25
Year (2017) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Medical Knowledge Group

New York, New York, United States

Medical Knowledge Group address the business needs of biopharmaceutical companies through the provision of network-mapping analytics, patient-finding analytics, and multi-channel marketing solutions. Medical Knowledge Group was formed in 2004 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 IASIS Healthcare

Franklin, Tennessee, United States

IASIS Healthcare Corp. is an owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets. Additionally, IASIS owns and operates a Medicaid managed health plan in Phoenix that serves over 108,000 members. IASIS Healthcare was formed in 1998 and is based in Franklin, Tennessee.

Sell -