M&A Deal Summary

NorthStar Anesthesia Acquires Epix Healthcare

On November 30, 2021, NorthStar Anesthesia acquired healthcare services company Epix Healthcare from Ashlar Capital

Acquisition Highlights
  • This is NorthStar Anesthesia’s 3rd transaction in the Healthcare Services sector.
  • This is NorthStar Anesthesia’s 5th transaction in the United States.
  • This is NorthStar Anesthesia’s 1st transaction in Georgia.

M&A Deal Summary
Date 2021-11-30
Target Epix Healthcare
Sector Healthcare Services
Buyer(s) NorthStar Anesthesia
Sellers(s) Ashlar Capital
Deal Type Add-on Acquisition

Target

Epix Healthcare

Roswell, Georgia, United States
Epix Healthcare is national provider of outsourced clinical services to healthcare facilities. Epix was founded with a mission to align incentives among all stakeholders while enabling the provision of high-quality and cost-effective clinical services. Epix Healthcare is based in Roswell, Georgia.

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Buyer(S) 1

Buyer

NorthStar Anesthesia

Irving, Texas, United States
Category Company
Founded 2004
Sector Healthcare Services
DESCRIPTION

NorthStar Anesthesia is a national anesthesiology platform that provides operating room efficiencies, improved clinical outcomes, and healthcare cost reductions through outsourced anesthesia services. NorthStar Anesthesia was established in 2004 and is based in Irving, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Georgia) 1 of 1
Country (United States) 5 of 5
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-15 Surgery Partners Anesthesia Services Business

Texas, United States

Surgery Partners Anesthesia Services Business provides and manages third party providers of anesthesia services at 25 locations across select Surgery Partners facilities in Georgia, Florida, Kentucky, North Carolina, and Texas.

Buy -

Seller(S) 1

SELLER

Ashlar Capital

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Ashlar Capital is a private investment firm focused on opportunities in the healthcare sector. Ashlar Capital seeks to invest $5 to $25 million in profitable companies where the Firm has direct, relevant experience. Specific areas of interest include healthcare services, healthcare IT, medical products, health insurance, and distribution. The Firm will consider both majority or minority positions and will invest across a variety of transaction situations including recapitalizations, family business transitions, growth capital financings, acquisition financings, and corporate carve-outs. Ashlar Capital was formed in 2015 and is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 US Digestive Health

Exton, Pennsylvania, United States

US Digestive Health provides clinical offices and ambulatory surgical, gastroenterology care and has ancillary service lines including endoscopy centers, infusion, pathology, anesthesia, and clinical research. US Digestive Health is based in Exton, Pennsylvania.

Buy -
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