M&A Deal Summary

WindRose Health Investors Acquires Veristat

On April 7, 2021, private equity firm WindRose Health Investors acquired life science company Veristat

Acquisition Highlights
  • This is WindRose Health Investors’ 4th transaction in the Life Science sector.
  • This is WindRose Health Investors’ 31st transaction in the United States.
  • This is WindRose Health Investors’ 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2021-04-07
Target Veristat
Sector Life Science
Buyer(s) WindRose Health Investors
Deal Type Recapitalization
Advisor(s) Edgemont Capital Partners LP (Financial)
Nutter McClennen & Fish (Legal)

Target

Veristat

Southborough, Massachusetts, United States
website
Veristat is a scientifically minded global clinical research organization (CRO), enables biotech and pharmaceutical sponsors to solve unique and complex challenges associated with accelerating innovative therapies through clinical development to regulatory approval and post-approval. Veristat was founded in 1994 and is based in Southborough, Massachusetts.

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Buyer(S) 1

Buyer
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 31 of 38
Sector (Life Science) 4 of 5
Type (Recapitalization) 13 of 17
State (Massachusetts) 3 of 3
Country (United States) 31 of 38
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-05 Avadyne Health

Moline, Illinois, United States

Avadyne Health is a provider of revenue cycle management services to a wide range of healthcare providers across the nation. Avadyne Health was founded in 1971 and is based in Moline, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Bluestone Physician Services

Stillwater, Minnesota, United States

Bluestone Physician Services provides on-site care and care coordination services to high-risk, geriatric, and disabled patients in senior living, community, and home-based settings in Minnesota, Wisconsin, Florida, and Virginia. Bluestone’s highly specialized teams deliver focused and comprehensive care to patients where they live. Bluestone Physician Services was formed in 2006 and is based in Stillwater, Minnesota.

Buy -