Investment Summary

Frazier Healthcare Partners and New Mountain Capital Invest In Alteon Health

On September 20, 2016, growth capital firm Frazier Healthcare Partners and private equity firm New Mountain Capital invested in healthcare services company Alteon Health

Investment Highlights
  • This is Frazier Healthcare Partners’ 8th and New Mountain Capital’s 3rd transaction in the Healthcare Services sector.
  • This is Frazier Healthcare Partners’ 19th and New Mountain Capital’s 36th transaction in the United States.
  • This is Frazier Healthcare Partners’ 3rd and New Mountain Capital’s 1st transaction in Maryland.
Investment Fate
  • Alteon Health was sold to a strategic buyer in 2022.

Investment Summary

Date 2016-09-20
Target Alteon Health
Sector Healthcare Services
Investor(s) Frazier Healthcare Partners
New Mountain Capital
Deal Type Growth Capital

Target

Alteon Health

Germantown, Maryland, United States
Alteon Health is a provider of outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers. The company supports the highest quality healthcare delivery through patient-focused care, physician-led innovation, data-driven practices, and best-in-class healthcare partnerships. Alteon Health was founded in 1971 and is based in Germantown, Maryland.

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Investor(S) 2

Investor
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.


DEAL STATS #
Overall 20 of 48
Sector (Healthcare Services) 8 of 16
Type (Growth Capital) 4 of 7
State (Maryland) 3 of 3
Country (United States) 19 of 47
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 PCI Pharma Services

Philadelphia, Pennsylvania, United States

PCI Pharma Services is a provider of outsourced pharmaceutical supply chain solutions supporting biotechnology and pharmaceutical companies throughout the various stages of drug development and commercialization. PCI Pharma Services was founded in 2012 and is based in Philadelphia, Pennsylvania.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 Matrix Medical Network

Scottsdale, Arizona, United States

Matrix Medical Network is a provider of home-based medical assessments and has expanded its portfolio of services to include screening, chronic care management, physician engagement and analytics. Matrix Medical Network was founded in 2000 and is based in Scottsdale, Arizona.

Buy -
Investor

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 40 of 95
Sector (Healthcare Services) 3 of 4
Type (Growth Capital) 6 of 16
State (Maryland) 1 of 2
Country (United States) 36 of 90
Year (2016) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 NuSil Technology

Carpinteria, California, United States

NuSil Technology LLC is a formulator, manufacturer and supplier of specialized silicone raw material compounds for the healthcare, aerospace, defense and photonics industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Convey

Fort Lauderdale, Florida, United States

Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida.

Buy -