M&A Deal Summary

United Surgical Partners International Acquires Covenant Physician Partners

On April 8, 2024, United Surgical Partners International acquired healthcare services company Covenant Physician Partners from KKR

Acquisition Highlights
  • This is United Surgical Partners International’s 9th transaction in the Healthcare Services sector.
  • This is United Surgical Partners International’s 8th transaction in the United States.
  • This is United Surgical Partners International’s 4th transaction in Tennessee.

M&A Deal Summary

Date 2024-04-08
Target Covenant Physician Partners
Sector Healthcare Services
Buyer(s) United Surgical Partners International
Sellers(s) KKR
Deal Type Add-on Acquisition

Target

Covenant Physician Partners

Nashville, Tennessee, United States
Covenant Physician Partners is an operator of ambulatory surgery centers, physician practices, and ancillary services with a particular focus on gastroenterology and ophthalmology end markets. Covenant Physician Partners was founded in 2008 and is based in Nashville, Tennessee.

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

Buyer(S) 1

Buyer

United Surgical Partners International

Addison, Texas, United States

Category Company
Founded 1998
Sector Healthcare Services
DESCRIPTION

United Surgical Partners International, Inc. is a develops ambulatory surgery centers primarily in partnership with hospitals and with physicians in the U.S.


DEAL STATS #
Overall 9 of 9
Sector: Healthcare Services M&A 9 of 9
Type: Add-on Acquisition M&A Deals 8 of 8
State: Tennessee M&A 4 of 4
Country: United States M&A 8 of 8
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Compass Surgical Partners - Nine Ambulatory Surgery Centers

Raleigh, North Carolina, United States

Compass Surgical Partners' Nine Ambulatory Surgery Centers provide healthcare services.

Buy -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 200 of 215
Sector: Healthcare Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 67 of 69
State: Tennessee M&A 5 of 5
Country: United States M&A 86 of 94
Year: 2024 M&A 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 ADNOC Oil Pipelines

Abu Dhabi, United Arab Emirates

ADNOC Oil Pipelines will lease ADNOC’s interest in 18 pipelines, transporting stabilized crude oil and condensate across ADNOC’s offshore and onshore upstream concessions, for a 23-year period. ADNOC Oil Pipelines is based in Abu Dhabi, United Arab Emirates.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Findex

Melbourne, Australia

Findex is a provider of integrated financial advisory and accounting services with over 110 locations and $17bn in FUM. By arming people with the necessary digital tools, we transform the financial services experience for our clients, whilst extending their access to higher quality services. Findex was founded in 1987 and is based in Melbourne, Victoria.

Sell -