M&A Deal Summary

BelHealth Investment Partners and CRG Acquire NavaDerm Partners

On July 17, 2018, private equity firms BelHealth Investment Partners and CRG acquired healthcare services company NavaDerm Partners

Acquisition Highlights
  • This is BelHealth Investment Partners’ 7th and CRG’s 6th transaction in the Healthcare Services sector.
  • This is BelHealth Investment Partners’ 15th and CRG’s 9th transaction in the United States.
  • This is BelHealth Investment Partners’ 2nd and CRG’s 1st transaction in New York.

M&A Deal Summary

Date 2018-07-17
Target NavaDerm Partners
Sector Healthcare Services
Buyer(s) BelHealth Investment Partners
CRG
Deal Type Consolidation

Target

NavaDerm Partners

New York, New York, United States
NavaDerm Partners is an operator of a dermatology platform consists of 19 dermatologists and 2 physician assistants providing comprehensive general dermatology across medical, surgical, and cosmetic procedures. NavaDerm Partners was founded in 2018 and is based in New York City.

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Buyer(S) 2

Buyer

BelHealth Investment Partners

Fort Lauderdale, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BelHealth Investment Partners LLC is a private equity firm focused on mid-sized healthcare companies. The Firm looks to invest $20 to $50 million per transaction and specifically targets healthcare services, healthcare products, healthcare distribution, and healthcare IT. BelHealth prefers companies with recurring revenue, high margins, diverse customers, low regulatory oversight, and modest technology risk. Prospective companies are typically profitable with at least $20-$100 million of enterprise value, $10-$100 million of revenue and $2-$10 million of EBITDA. BelHealth was formed in 2011 and is based in New York City.


DEAL STATS #
Overall 15 of 16
Sector (Healthcare Services) 7 of 7
Type (Consolidation) 1 of 1
State (New York) 2 of 2
Country (United States) 15 of 16
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 Beach House

Juno Beach, Florida, United States

Beach House is a drug and alcohol treatment provider, offering a full continuum of medically and clinically integrated care to people with substance use and co-occurring disorders. Beach House was founded in 2014 and is based in Juno Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-14 Gemini Bio

West Sacramento, California, United States

Gemini Bio is a biological reagents manufacturer and supplier serving the scientific community across academic research and the biotechnology and biopharma industries. Gemini Bio was founded in 1985 and is based in West Sacramento, California.

Buy -
Buyer

CRG

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

CRG is a healthcare focused investment firm focused on growth capital to commercial-stage public and private companies. CRG looks to commit $20 to $300 million that are developing next-generation healthcare products, technologies and services that address significant and substantial unmet medical needs. Specific areas of interest include biopharmaceuticals, specialty pharmaceuticals, medical devices, drug delivery, animal health, tools and diagnostics, and healthcare services. CRG was formed in 2003 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 9 of 13
Sector (Healthcare Services) 6 of 6
Type (Consolidation) 1 of 1
State (New York) 1 of 1
Country (United States) 9 of 12
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-23 HNI Healthcare

Austin, Texas, United States

HNI Healthcare is a provider of tech-enabled hospitalist services. HNI specializes in hospitalist staffing and management services, utilizing its proprietary VitalSigns software platform to more efficiently deliver clinical best practices within hospital-based medicine. HNI Healthcare was founded in 2009 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Aerin Medical

Sunnyvale, California, United States

Aerin Medical is a medical device company that manufactures and markets the Vivaer Nasal Airway Remodeling System for the treatment of nasal obstruction. Aerin Medical was founded in 2011 and is based in Sunnyvale, California.

Buy -