M&A Deal Summary

US Acute Care Solutions Acquires Alteon Health

On February 1, 2022, US Acute Care Solutions acquired healthcare services company Alteon Health from Frazier Healthcare Partners and New Mountain Capital

Acquisition Highlights
  • This is US Acute Care Solutions’ 1st transaction in the Healthcare Services sector.
  • This is US Acute Care Solutions’ 1st transaction in the United States.
  • This is US Acute Care Solutions’ 1st transaction in Maryland.

M&A Deal Summary
Date 2022-02-01
Target Alteon Health
Sector Healthcare Services
Buyer(s) US Acute Care Solutions
Sellers(s) Frazier Healthcare Partners
New Mountain Capital
Deal Type Add-on Acquisition
Advisor(s) Greenhill & Co., Inc. (Financial)
GreenbergTraurig (Legal)

Target

Alteon Health

Germantown, Maryland, United States
Alteon Health is a provider of outsourced healthcare practice management services to emergency departments, hospitalist programs, and hospital-based urgent care centers. The company supports the highest quality healthcare delivery through patient-focused care, physician-led innovation, data-driven practices, and best-in-class healthcare partnerships. Alteon Health was founded in 1971 and is based in Germantown, Maryland.

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Buyer(S) 1

Buyer

US Acute Care Solutions

Canton, Ohio, United States
Category Company
Founded 2015
Sector Healthcare Services
DESCRIPTION

US Acute Care Solutions is a physician-owned integrated acute care platform in the United States, providing physician staffing and management services primarily focused on the emergency department. US Acute Care Solutions serves over 9 million patients annually through over 500 programs across 29 states. US Acute Care Solutions was founded in 2015 and is based in Canton, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-07 MIDEO

Erie, Pennsylvania, United States

MIDEO is a video based advance care planning platform that provides individuals with the ability to visually and verbally communicate their wishes in any medical circumstance. MIDEO is based in Erie, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Frazier Healthcare Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1991
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.

DEAL STATS #
Overall 24 of 27
Sector (Healthcare Services) 10 of 11
Type (Add-on Acquisition) 11 of 12
State (Maryland) 2 of 2
Country (United States) 24 of 27
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Amunix

South San Francisco, California, United States

Amunix is an immuno-oncology company focused on designing and developing masked T cell engagers and cytokines to bring the promise of these potent immune-activating biotherapeutics to patients with cancers. Amunix is headquartered in South San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Parata

Durham, North Carolina, United States

Parata provides pharmacy technology solutions to reduce costs, enhance patient safety and improve the patient experience by offering a comprehensive pharmacy automation portfolio with medication adherence packaging, high-speed robotic dispensing technologies, and pharmacy workflow solutions. Parata is based in Durham, North Carolina.

Sell $1.5B
SELLER

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 42 of 45
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 20 of 22
State (Maryland) 1 of 1
Country (United States) 39 of 42
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Covaris

Woburn, Massachusetts, United States

Covaris develops, manufactures, and markets instruments, consumables, and reagents used in pre-analytical sample preparation for genomic and proteomic analysis to help accelerate the pace of research and life science innovations. Covaris is based in Woburn, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 3E

Carlsbad, California, United States

3E is a global provider of data-driven intelligent compliance solutions in the environmental, health, safety & sustainability space. The Company has a long history of innovation that has resulted in the development of differentiated and mission-critical data assets such as global regulatory content and a proprietary database of over 10+ million safety data sheets, 3,000+ regulatory lists and 30,000+ generic classes of substances.

Buy -
Mergr

Product

Company

Legal