M&A Deal Summary

Frazier Healthcare Partners, Balance Point Capital Partners and Leavitt Equity Partners Acquire Apollo Intelligence

On June 7, 2022, growth capital firm Frazier Healthcare Partners, mezzanine finance firm Balance Point Capital Partners and private equity firm Leavitt Equity Partners acquired business services company Apollo Intelligence

Acquisition Highlights
  • This is Frazier Healthcare Partners’ 2nd, Balance Point Capital Partners’ 4th and Leavitt Equity Partners’ 1st transaction in the Business Services sector.
  • This is Frazier Healthcare Partners’ 43rd, Balance Point Capital Partners’ 35th and Leavitt Equity Partners’ 19th transaction in the United States.
  • This is Frazier Healthcare Partners’ 3rd, Balance Point Capital Partners’ 1st and Leavitt Equity Partners’ 1st transaction in Massachusetts.

M&A Deal Summary

Date 2022-06-07
Target Apollo Intelligence
Sector Business Services
Buyer(s) Frazier Healthcare Partners
Balance Point Capital Partners
Leavitt Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Apollo Intelligence

Watertown, Massachusetts, United States
Apollo Intelligence is a provider of real-time data and insights to the healthcare and life science industries. The Apollo platform launched with its acquisition of InCrowd, a pioneer of real-time, automated insights for the life science industry, as the founding company. Apollo Intelligence was founded in 2019 and is based in Watertown, Massachusetts.

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Buyer(S) 3

Buyer
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.


DEAL STATS #
Overall 44 of 48
Sector (Business Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 10 of 10
State (Massachusetts) 3 of 3
Country (United States) 43 of 47
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Parata

Durham, North Carolina, United States

Parata provides pharmacy technology solutions to reduce costs, enhance patient safety and improve the patient experience by offering a comprehensive pharmacy automation portfolio with medication adherence packaging, high-speed robotic dispensing technologies, and pharmacy workflow solutions. Parata is based in Durham, North Carolina.

Sell $1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 United Digestive

Atlanta, Georgia, United States

United Digestive provides a strong operational infrastructure for GI practices including regulatory assistance, managed care resources, and a full-service back-office that can be leveraged across a significantly larger geographic footprint. The company anticipates continued robust expansion through both near-term de-novo growth as well as complementary acquisitions and will bring operational best practices to additional GI practices while allowing providers to retain their clinical independence and a continued emphasis on high-quality patient care. United Digestive was formed in 2018 and is based in Atlanta, Georgia.

Sell -
Buyer

Balance Point Capital Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 1.7B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balance Point Capital Advisors is a provider of equity and debt capital to middle-market US-based companies. The Firm looks to invest $5 to $30 million in companies generating $10 $150 million in revenue. The Firm invest in the range of $15 to $75 million with and enterprise value of $10 to $150 million. Funds are used to support a variety of needs, including private equity sponsored buyouts, strategic acquisitions, refinancing's, management buyouts, leveraged recapitalizations, and growth capital financing needs. Balance Point Capital is based in Westport, Connecticut.


DEAL STATS #
Overall 35 of 46
Sector (Business Services) 4 of 8
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (Massachusetts) 1 of 1
Country (United States) 35 of 44
Year (2022) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Concord

Scottsdale, Arizona, United States

Concord is a full-scope loan servicer delivering innovative, flexible, and scalable portfolio servicing and SaaS solutions to meet the demands of loan originators and capital providers across multiple asset classes including home improvement, solar, energy efficiency, and vacation ownership. Concord was founded in 1988 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Budderfly

Shelton, Connecticut, United States

Budderfly is a provider of guaranteed energy savings with no out-of-pocket costs for business through a unique Energy Efficiency-as-a-Service solution. Budderfly provides all the technology, 100% of the investment in efficiency upgrades, and the expertise to deliver the most energy-efficient, highest savings solution without the project risks or the frustration of competing for financial tradeoffs. Budderfly was founded in 2007 and is based in Shelton, Connecticut.

Sell -
Buyer
DESCRIPTION

Leavitt Equity Partners is the private equity arm of Leavitt Partners, a healthcare focused consulting firm. Leavitt looks to partner with and invest in growth-oriented healthcare services companies throughout the US. Leavitt Equity Partners was formed in 2014 and is headquartered in Salt Lake City, Utah.


DEAL STATS #
Overall 19 of 22
Sector (Business Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 11
State (Massachusetts) 1 of 1
Country (United States) 19 of 22
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Women s Care

Tampa, Florida, United States

Women's Care is a provider of high-quality general OB/GYN services and sub-specialty care across 71 outpatient locations in 11 counties throughout Florida. WCF has over 230 healthcare providers who provide care for more than 350,000 patients annually. WCF providers have privileges at 13 hospitals and are in-network with all major commercial payors. Women's Care was founded in 1998 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-01 United Energy Workers Healthcare

Riverton, Wyoming, United States

United Energy Workers Healthcare is a home health services provider designed to serve patients with diseases caused by work for the Department of Energy's nuclear program administered through the Energy Employees Occupational Illness Compensation Program (EEOICPA). United Energy Workers Healthcare is based in Riverton, Wyoming.

Buy -