M&A Deal Summary

General Atlantic Acquires Eventus WholeHealth

On November 11, 2024, growth capital firm General Atlantic acquired healthcare services company Eventus WholeHealth from Enhanced Healthcare Partners, Balance Point Capital Partners and Leavitt Equity Partners

Acquisition Highlights
  • This is General Atlantic’s 25th transaction in the Healthcare Services sector.
  • This is General Atlantic’s 172nd transaction in the United States.
  • This is General Atlantic’s 3rd transaction in North Carolina.

M&A Deal Summary

Date 2024-11-11
Target Eventus WholeHealth
Sector Healthcare Services
Buyer(s) General Atlantic
Sellers(s) Enhanced Healthcare Partners
Balance Point Capital Partners
Leavitt Equity Partners
Deal Type Secondary Buyout

Target

Eventus WholeHealth

Concord, North Carolina, United States
Eventus WholeHealth is a provider of physician-led healthcare services for residents and patients of skilled nursing and assisted living facilities. Led by a highly-trained team of physicians, psychiatrists, nurse practitioners, physician assistants, psychotherapists, podiatrists, optometrists, audiologists, and support staff, Eventus WholeHealth’s comprehensive, evidence-based model provides collaborative interdisciplinary care with the seamless and vital integration of a wide range of specialties. Eventus WholeHealth was founded in 2014 and is based in Concord, North Carolina.

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Buyer(S) 1

Buyer

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 358 of 364
Sector: Healthcare Services M&A 25 of 25
Type: Secondary Buyout M&A Deals 28 of 29
State: North Carolina M&A 3 of 3
Country: United States M&A 172 of 175
Year: 2024 M&A 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 Vuori

Carlsbad, California, United States

Vuori creates performance apparel inspired by the active Coastal California lifestyle–an integration of fitness, yoga, surf, and life. Vuori was formed in 2015 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-13 Biotheus

Zhuhai, China

Biotheus is a clinical development stage company with the mission of treating cancer and autoimmune diseases through next-generation therapeutics. Biotheus was founded in 2018 and is based in Zhuhai, China.

Sell $800M

Seller(S) 3

SELLER

Enhanced Healthcare Partners

Santa Monica, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Healthcare Partners is a specialist private equity firm that invests in lower-middle market growth companies in the healthcare sector. The Firm seeks to invest $10 to $50 million per transaction and will consider a variety of transaction types, including buyouts, growth equity, and recapitalizations. Enhanced Healthcare Partners was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 12 of 13
Sector: Healthcare Services M&A 9 of 9
Type: Secondary Buyout M&A Deals 5 of 6
State: North Carolina M&A 1 of 1
Country: United States M&A 12 of 13
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Janus

Chicago, Illinois, United States

Janus is a revenue cycle management technology company on a mission to help health systems get paid, at a lower cost to collect. Its end-to-end software platform begins by understanding the current state of a revenue cycle operation, then identifies areas for efficiency, and where automation can help revenue cycle teams do more, with less. By harnessing the power of Janus' technology, revenue cycle teams can work smarter, generating as high as 2% increased net revenue while reducing cost to collect as much as 35%. Janus was formed in 2020 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-24 PAI Pharma

Greenville, South Carolina, United States

PAI Pharma manufactures and markets generic oral liquid pharmaceuticals in the USA. The company produces oral suspensions, solutions, elixirs, syrups, and liquids. Core product categories include analgesic pain relief, cough/cold and allergies, digestive and metabolic health, neurological disorders, and mental health, among many others. PAI Pharma was founded in 1968 and is based in Greenville, South Carolina.

Sell -
SELLER

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 17 of 18
Sector: Healthcare Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 8 of 9
State: North Carolina M&A 1 of 1
Country: United States M&A 17 of 18
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 SPS PoolCare

Austin, Texas, United States

SPS PoolCare provides residential pool services, including maintenance, repair, and renovation, to thousands of customers across Texas, Florida, Arizona, and Nevada. SPS PoolCare was founded in 2021 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-08 Concord

Scottsdale, Arizona, United States

Concord is a provider of software and administration services for specialized loan servicing. Concord was founded in 1988 and is based in Scottsdale, Arizona.

Sell -
SELLER

Leavitt Equity Partners

Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 400M USD
Size Middle-Market
Type Sector Focused
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 4 of 5
Sector: Healthcare Services M&A 3 of 3
Type: Secondary Buyout M&A Deals 1 of 2
State: North Carolina M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 SurgNet Health Partners

Nashville, Tennessee, United States

SurgNet Health Partners is a surgery center development and management company. SurgNet Health Partners was founded in 2022 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 Pediatrics Plus

Conway, Arkansas, United States

Pediatrics Plus is a specialized pediatric healthcare provider that utilizes a unique and innovative blended service model designed to deliver the best outcomes for children. Pediatrics Plus was founded in 2002 and is based in Conway, Arkansas.

Buy -