Investment Summary

Heritage Group and Goldman Sachs Merchant Banking Invest In AvaSure

On May 20, 2021, private equity firms Heritage Group and Goldman Sachs Merchant Banking invested in healthcare services company AvaSure

Investment Highlights
  • This is Heritage Group’s 6th and Goldman Sachs Merchant Banking’s 7th transaction in the Healthcare Services sector.
  • This is Heritage Group’s 9th and Goldman Sachs Merchant Banking’s 122nd transaction in the United States.
  • This is Heritage Group’s 1st and Goldman Sachs Merchant Banking’s 7th transaction in Michigan.

Investment Summary

Date 2021-05-20
Target AvaSure
Sector Healthcare Services
Investor(s) Heritage Group
Goldman Sachs Merchant Banking
Deal Type Growth Capital

Target

AvaSure

Belmont, Michigan, United States
AvaSure is a provider of inpatient audiovisual monitoring telehealth solutions. AvaSure was founded in 2008 and is based in Belmont, Michigan.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Heritage Group

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Heritage Group is a private equity firm focused on healthcare companies throughout the US. The Firm seeks to make majority and minority investments in high-growth healthcare services and healthcare technology businesses. Heritage Group was established in 1986 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 9 of 13
Sector: Healthcare Services M&A 6 of 9
Type: Growth Capital M&A Deals 6 of 9
State: Michigan M&A 1 of 1
Country: United States M&A 9 of 13
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Upward Health

Hauppauge, New York, United States

Upward Health is an in-home multidisciplinary provider that partners with health plans and other risk-bearing entities to address the unique needs of high-risk, high-need patients. Upward Health is based in Hauppauge, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Sharecare

Atlanta, Georgia, United States

Sharecare is a digital health company that helps people consolidate and manage various components of their health in one place, regardless of where they are on their health journey. Sharecare provides the messaging, motivation, management, and measurement tools to help individuals, workforces, and communities optimize their comprehensive well-being. Sharecare was founded in 2010 and is based in Atlanta, Georgia.

Sell -
Investor

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 174 of 189
Sector: Healthcare Services M&A 7 of 7
Type: Growth Capital M&A Deals 25 of 30
State: Michigan M&A 7 of 7
Country: United States M&A 122 of 130
Year: 2021 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Aragen Life Sciences

Hyderabad, India

Aragen Life Sciences is a provider of outsourced discovery, development, and manufacturing services across both large and small molecule platforms. Aragen Life Sciences was founded in 2001 and is based in Hyderabad, Telangana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 2020

Laval, Quebec, Canada

2020 is a provider of computer-aided design, business and manufacturing software tailored for the interior design and furniture industries. The company has developed an unmatched depth of knowledge of interior design and space planning to maintain an unbroken history of the market and thought leadership. Its customers include many of the world’s largest home improvement retailers and manufacturers, as well as tens of thousands of local, independent kitchen and bathroom dealers. 2020 was founded in 1987 and is based in Laval, Quebec.

Sell -