M&A Deal Summary

Consonance Capital Partners Acquires Bako

On January 8, 2016, private equity firm Consonance Capital Partners acquired healthcare services company Bako from Ampersand Capital Partners

Acquisition Highlights
  • This is Consonance Capital Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Consonance Capital Partners’ 3rd transaction in the United States.
  • This is Consonance Capital Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2016-01-08
Target Bako
Sector Healthcare Services
Buyer(s) Consonance Capital Partners
Sellers(s) Ampersand Capital Partners
Deal Type Recapitalization
Advisor(s) Leerink Partners (Financial)
Goodwin Procter (Legal)

Target

Bako

Alpharetta, Georgia, United States
Bako is a national provider of specialty laboratory testing services which offer a comprehensive testing menu, including complete anatomic pathology services, proprietary molecular genetic testing, and peripheral neuropathy immuno-histochemical testing. Bako is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer
DESCRIPTION

Consonance Capital Partners is a healthcare-focused private investment firm focused on both public and private equity investing. The Firm's private equity group targets growth equity, leveraged buyouts, and recapitalization transactions in lower middle-market companies with $25 to $500 million of revenue. Specific areas of interest include healthcare providers, mayors, distribution, medical devices, specialty pharmaceuticals, outsourced services, and healthcare IT. Consonance Capital Partners was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 3 of 9
Sector (Healthcare Services) 3 of 5
Type (Recapitalization) 1 of 4
State (Georgia) 1 of 1
Country (United States) 3 of 9
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-07 Kepro

Nashville, Tennessee, United States

Kepro is a quality improvement and care management organization that offers innovative and outcomes-focused solutions to reduce the utilization of healthcare resources and optimize the quality of care for government and private sector clients. Kepro's comprehensive, member-centric care management solutions go far beyond traditional utilization and case management by coordinating the care provided to members with acute, chronic and complex conditions across the continuum, and identifying members who are at the highest risk for future services but have not yet had an acute event. Kepro was founded in 1985 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Corindus Vascular Robotics

Waltham, Massachusetts, United States

Corindus Vascular Robotics, Inc. is a global technology leader in robotic-assisted vascular interventions. The Company’s CorPath® platform is the first FDA-cleared medical device to bring robotic precision to percutaneous coronary and vascular procedures. CorPath GRX is the second-generation robotic-assisted technology offering enhancements to the platform by adding important key upgrades that increase precision, improve workflow, and extend the capabilities and range of procedures that can be performed robotically. We are focused on developing innovative robotic solutions to revolutionize the treatment of emergent conditions by providing specialized and timely medical care to patients around the world.

Buy -

Seller(S) 1

SELLER

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 23 of 55
Sector (Healthcare Services) 2 of 3
Type (Recapitalization) 2 of 2
State (Georgia) 1 of 1
Country (United States) 23 of 51
Year (2016) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-19 Florida Biologix

Alachua, Florida, United States

Florida Biologix is a provider of biopharmaceutical development, manufacturing, and testing services to the biotechnology industry and to biomedical research institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 GENEWIZ

South Plainfield, New Jersey, United States

GENEWIZ, Inc. is a provider of R&D genomics services that enable research scientists within pharmaceutical, biotechnology, agriculture, environmental and clean energy, academic, and government institutions to advance their discoveries. GENEWIZ, Inc. was founded in 1999 and is based in South Plainfield, New Jersey.

Buy -