M&A Deal Summary

Vesey Street Capital Partners Acquires HealthChannels

On January 9, 2017, private equity firm Vesey Street Capital Partners acquired healthcare services company HealthChannels

Acquisition Highlights
  • This is Vesey Street Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is Vesey Street Capital Partners’ 4th transaction in the United States.
  • This is Vesey Street Capital Partners’ 2nd transaction in Florida.

M&A Deal Summary
Date 2017-01-09
Target HealthChannels
Sector Healthcare Services
Buyer(s) Vesey Street Capital Partners
Deal Type Recapitalization

Target

HealthChannels

Fort Lauderdale, Florida, United States
HealthChannels is a group of three distinct, highly specialized companies improving productivity, patient satisfaction, and quality of care. It is comprised of three highly specialized companies: ScribeAmerica, QueueLogix and CareThrough which collectively meet the full range of increasingly complex healthcare data and documentation needs, improving clinical outcomes through highly-skilled clerical support. HealthChannels is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

Vesey Street Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Vesey Street Capital Partners is a specialist private equity firm focused on the healthcare sector. Vesey Street specializes in middle-market buyouts and growth equity investments, and seeks companies with $10 to $20 million of EBITDA. Target businesses generally exhibit strong cash flow characteristics that create value for hospitals and physicians by enhancing efficiency, improving quality, reducing costs, and expanding revenues. Vesey Street Capital Partners was formed in 2014 and is based in New York, New York.

DEAL STATS #
Overall 4 of 9
Sector (Healthcare Services) 1 of 2
Type (Recapitalization) 3 of 7
State (Florida) 2 of 3
Country (United States) 4 of 8
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 ScribeAmerica

Aventura, Florida, United States

ScribeAmerica LLC is a provider of managed medical scribe services to the healthcare industry. ScribeAmerica offers turnkey professional medical scribe programs within which it recruits, qualifies, hires, trains, and manages scribes for a wide variety of medical settings.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 HealthExponent Health

Gaithersburg, Maryland, United States

Exponent Health provides industry-unique, cost-containment technology and solutions to the healthcare industry. Over 50 million consumers across the United States and Canada have access to its products and services. Exponent Health’s mission is to assist healthcare payers to achieve their financial objectives by delivering innovative, client-specific, cost-containment solutions. Exponent Health is based in Gaithersburg, Maryland.

Buy -
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