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M&A Deal Summary

ABRY Partners Acquires Ascend Healthcare

On March 1, 2023, private equity firm ABRY Partners acquired healthcare services company Ascend Healthcare

Acquisition Highlights
  • This is ABRY Partners’ 9th transaction in the Healthcare Services sector.
  • This is ABRY Partners’ 143rd transaction in the United States.
  • This is ABRY Partners’ 7th transaction in Arizona.

M&A Deal Summary
Date 2023-03-01
Target Ascend Healthcare
Sector Healthcare Services
Buyer(s) ABRY Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Ascend Healthcare

Chandler, Arizona, United States
Ascend Healthcare is a provider of outsourced telepsychiatry and related behavioral health services. Ascend specializes in partnering with Federally Qualified Health Centers (“FQHCs”) to provide psychiatric medication management, counseling services and psychiatric consultation services. Ascend Healthcare is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 168 of 172
Sector (Healthcare Services) 9 of 9
Type (Buyout (LBO, MBO, MBI)) 43 of 43
State (Arizona) 7 of 7
Country (United States) 143 of 145
Year (2023) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-22 Precision Strategies

New York, New York, United States

Precision Strategies is a public affairs firm providing integrated services and exceptional results for campaigns, corporations, and causes. It brings integrated, campaign-style advocacy that harnesses strategic communications, digital, creative, paid media, data analytics, and organizing to help clients achieve their goals. Precision Strategies was founded in 2013 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 Reward Gateway

London, United Kingdom

Reward Gateway offers a leading SaaS employee engagement platform that centralizes employee reward and recognition, discounts, communications, surveys, wellbeing, and flexible benefits. Its strategic products support companies with today’s most difficult people challenges, such as the digitization of the workplace, attracting and retaining talent, aligning and supporting remote workforces, and handling complex cultural issues. Reward Gateway was formed in 2006 and is based in London.

Sell £1.2B
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