M&A Deal Summary

WindRose Health Investors Acquires Bluestone Physician Services

On April 14, 2021, private equity firm WindRose Health Investors acquired healthcare services company Bluestone Physician Services

Acquisition Highlights
  • This is WindRose Health Investors’ 19th transaction in the Healthcare Services sector.
  • This is WindRose Health Investors’ 32nd transaction in the United States.
  • This is WindRose Health Investors’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-04-14
Target Bluestone Physician Services
Sector Healthcare Services
Buyer(s) WindRose Health Investors
Deal Type Recapitalization
Advisor(s) Houlihan Lokey (Financial)
Faegre Baker Daniels LLP (Legal)

Target

Bluestone Physician Services

Stillwater, Minnesota, United States
Bluestone Physician Services provides on-site care and care coordination services to high-risk, geriatric, and disabled patients in senior living, community, and home-based settings in Minnesota, Wisconsin, Florida, and Virginia. Bluestone’s highly specialized teams deliver focused and comprehensive care to patients where they live. Bluestone Physician Services was formed in 2006 and is based in Stillwater, Minnesota.

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Buyer(S) 1

Buyer

WindRose Health Investors

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 32 of 38
Sector (Healthcare Services) 19 of 19
Type (Recapitalization) 14 of 17
State (Minnesota) 1 of 1
Country (United States) 32 of 38
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Veristat

Southborough, Massachusetts, United States

Veristat is a scientifically minded global clinical research organization (CRO), enables biotech and pharmaceutical sponsors to solve unique and complex challenges associated with accelerating innovative therapies through clinical development to regulatory approval and post-approval. Veristat was founded in 1994 and is based in Southborough, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 Vital Decisions

Edison, New Jersey, United States

Vital Decisions provides proprietary counseling services to advanced illness patients. Vital Decisions' Living Well Program addresses inadequate communication and shared decision-making between patient, provider, and family during a serious illness in order to improve the value and quality of healthcare delivered. Vital Decisions was founded in 2006 and is based in Edison, New Jersey.

Sell $130M
Mergr

Product

Company

Legal