Investment Summary

Athyrium Capital Management and Adams Street Partners Invest In VillageMD

On January 4, 2018, asset managers Athyrium Capital Management and Adams Street Partners invested in healthcare services company VillageMD

Investment Highlights
  • This is Athyrium Capital Management’s 6th and Adams Street Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Athyrium Capital Management’s 26th and Adams Street Partners’ 103rd transaction in the United States.
  • This is Athyrium Capital Management’s 2nd and Adams Street Partners’ 6th transaction in Illinois.

Investment Summary
Date 2018-01-04
Target VillageMD
Sector Healthcare Services
Investor(s) Athyrium Capital Management
Adams Street Partners
Deal Type Growth Capital

Target

VillageMD

Chicago, Illinois, United States
VillageMD is a national primary care provider supporting physicians moving toward a primary care-led, high-value clinical model. VillageMD delivers data analytics, a physician practice-based care coordination model, leading technology, and on-the-ground support resources to make improvements at the point of care, resulting in high quality clinical outcomes across all markets and all patient populations. VillageMD also provides access to value-based reimbursement contracts that reward physicians for delivering high quality, cost effective care. VillageMD works with physician groups, independent practice associations, and health systems to improve quality, deliver a first-rate patient experience, and lower total medical costs in the communities they serve. VillageMD was founded in 2013 and is based in Chicago, Illinois.

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Investor(S) 2

Investor

Athyrium Capital Management

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2008
PE ASSETS 3.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Athyrium Capital Management is a large asset manager focused on the healthcare sector. Athyrium invests in a wide range of financial instruments including royalties, structured credit, and equities as well as select special situations. Athyrium Capital was established in 2008 and is headquartered in New York City.

DEAL STATS #
Overall 28 of 44
Sector (Healthcare Services) 6 of 9
Type (Growth Capital) 5 of 10
State (Illinois) 2 of 3
Country (United States) 26 of 39
Year (2018) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 OptiNose

Yardley, Pennsylvania, United States

OptiNose is a specialty pharmaceutical company focused on the development and commercialization of products for patients cared for by, or in consultation with, ear, nose, and throat (ENT) or allergy specialists. OptiNose was founded in 2000 and is based in Yardley, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Elara Caring

Dallas, Texas, United States

Elara Caring is a provider of home-based care, with a national footprint in the Northeast, Midwest, and Southwest. Elara Caring leads patients through the post-acute care journey by providing the appropriate level of care, delivered wherever our patients call home. The company’s intimate understanding of its patients’ needs allows it to apply proprietary platforms to deliver proactive, customized care that improves quality of life and keeps patients in their homes. Elara Caring was founded in 1975 and is based in Dallas, Texas.

Buy -
Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.

DEAL STATS #
Overall 114 of 148
Sector (Healthcare Services) 2 of 2
Type (Growth Capital) 12 of 15
State (Illinois) 6 of 7
Country (United States) 103 of 136
Year (2018) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Actium Health

Palo Alto, California, United States

Actium Health is a healthcare CRM platform that transforms healthcare providers into member-focused enterprises. Actium Health was founded in 2014 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Window Nation

Fulton, Maryland, United States

Window Nation is a DTC provider of windows and related products for the residential repair and replacement market in the United States. Window Nation was founded in 2006 and is based in Fulton, Maryland.

Buy -
Mergr

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