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 28th and Adams Street Partners’ 107th 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 primary care–focused healthcare provider delivering value-based care through a network of clinics, physicians, and partnerships with hospitals and health systems. The company offers comprehensive primary care, coordinated care management, and home-based services, aiming to improve patient outcomes while reducing total healthcare costs. 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 4.6B 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, New York.


DEAL STATS #
Overall 30 of 50
Sector: Healthcare Services M&A 6 of 12
Type: Growth Capital M&A Deals 6 of 11
State: Illinois M&A 2 of 3
Country: United States M&A 28 of 45
Year: 2018 M&A 2 of 8
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 presence across the Northeast, Midwest, and Southwest. It supports patients through the post-acute care journey by delivering the appropriate level of care wherever patients call home. 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 118 of 152
Sector: Healthcare Services M&A 2 of 2
Type: Growth Capital M&A Deals 12 of 15
State: Illinois M&A 6 of 7
Country: United States M&A 107 of 140
Year: 2018 M&A 3 of 11
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 -