M&A Deal Summary

Patient Square Capital Acquires Access TeleCare

On February 3, 2022, private equity firm Patient Square Capital acquired information technology company Access TeleCare

Acquisition Highlights
  • This is Patient Square Capital’s 1st transaction in the Information Technology sector.
  • This is Patient Square Capital’s 3rd transaction in the United States.
  • This is Patient Square Capital’s 2nd transaction in Texas.

M&A Deal Summary
Date 2022-02-03
Target Access TeleCare
Sector Information Technology
Buyer(s) Patient Square Capital
Deal Type Going Private
Advisor(s) William Blair (Financial)
Orrick
DLA Piper (Legal)

Target

Access TeleCare

Dallas, Texas, United States
Access TeleCare is a provider of telemedicine technology and solutions to hospitals, health systems, post-acute providers, physician networks, value-based care organizations, and health plans. Built on proven and scalable infrastructure as an enterprise-wide solution, Access TeleCare’s technology platform, Telemed IQ, rapidly deploys and seamlessly optimizes telemedicine programs across the continuum of care. Access TeleCare is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Patient Square Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Focused
DESCRIPTION

Patient Square Capital is a private investment firm specializing in the healthcare sector. The Firm seeks opportunities to invest broadly across the healthcare industry, including technology-enabled services, biopharmaceuticals, the pharmaceutical value chain, medical devices, diagnostics, providers, digital health and consumer health. Patient Square Capital was formed in 2020 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 3 of 10
Sector (Information Technology) 1 of 1
Type (Going Private) 1 of 5
State (Texas) 2 of 3
Country (United States) 3 of 10
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Summit Behavioral Healthcare

Franklin, Tennessee, United States

Summit Behavioral Healthcare provides substance use disorder and acute psychiatric care at 24 facilities across 16 states. Summit Behavioral Healthcare was founded in 2013 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 Enavate Sciences

Menlo Park, California, United States

Enavate Sciences is a platform dedicated to supporting therapeutic companies advancing medicines and enabling technologies with transformative potential to address patient need. Through the application of capital support and operational experience, Enavate strives to enable and empower a diverse portfolio of therapeutics companies to accelerate innovation. Enavate Sciences is based in Menlo Park, California.

Buy -
Mergr

Product

Company

Legal