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Category Archives: Healthcare Services Investing

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Healthcare & Life Sciences Private Equity Deal Tracker: Healthsense Secures $10 Million in Financing

Posted in Healthcare Services Investing

Healthsense has announced it raised $10 million in financing. Healthsense, headquartered in Mendota Heights, Minn., is a provider of technology-enabled care solutions for the senior care continuum, including remote monitoring, emergency response and wellness management solutions. The financing round was led by Mansa Capital. Previous investors Merck Global Health Innovation Fund and Radius Ventures also participated in… Continue Reading

HealthQuest Capital Raises $110 Million for Debut Fund

Posted in Healthcare Services Investing

HealthQuest Capital has announced it has raised $110 million for its debut fund. HealthQuest Capital (HQC) is a Menlo Park, Calif.-based fund sponsored by Sofinnova Ventures. HQC indicated it will focus investments in the medical device, diagnostics, patient care products, consumer health/OTC and healthcare IT fields, with a primary focus on commercial stage investments, providing… Continue Reading

Castle Biosciences Secures $11.8 Million in Financing

Posted in Healthcare Services Investing

Castle Biosciences has announced (pdf) it raised $11.8 million in financing. Castle Biosciences, headquartered in Friendswood, Texas, is a cancer-focused molecular diagnostics company which currently offers prognostic tests for patients with cancers including uveal and cutaneous melanoma, esophageal, thymoma and brain cancers as well as malignant pleural mesothelioma. The financing round was led by new… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Epic Sciences Secures $30 Million in Financing

Posted in Healthcare Services Investing

Epic Sciences has announced it raised $30 million in financing. Epic Sciences, headquartered in San Diego, Calif., is a biotech company developing diagnostic tests to molecularly characterize circulating tumor cells (CTC) in the blood. The $30 million series C preferred stock financing included new investors RusnanoMedInvest  and Arcus Ventures, existing investors Domain Associates, Roche Venture… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: DICOM Grid Secures $6 Million in Financing

Posted in Healthcare Services Investing

DICOM Grid has announced it raised $6 million in financing. DICOM Grid, headquartered in Phoenix, Ariz., is a healthcare IT company that has made a cloud-based platform for medical image management and exchange. The funding round was backed by Canaan Partners, CHL Medical Partners, Mayo Clinic and several individual investors. DICOM said the funding will… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: CAS Medical Systems Secures $10 Million Loan Agreement

Posted in Healthcare Services Investing

CAS Medical Systems (CASMED) announced in late June that it entered into a $10 million loan agreement with General Electric Capital Corp. CASMED, headquartered in Branford, Conn., is a developer and manufacturer of non-invasive vital signs monitoring technologies. Under the terms of the loan agreement, General Electric Capital Corp. is providing CASMED with a secured… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Amedica Secures $26 Million in Financing

Posted in Healthcare Services Investing

Amedica Corp. has announced it secured up to $26 million in financing. Amedica, headquartered in Salt Lake City, is a spinal and orthopedic implant and instrument company focused on silicon nitride ceramic technologies. The funding consists of a $20 million debt financing with Hercules Technology Growth Capital and a private placement to MG Partners II,… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Dune Medical Devices Secures $21 Million in Financing

Posted in Healthcare Services Investing

Dune Medical Devices has announced it completed the first of a two-stage $21 million equity financing. The initial closing was completed for $14 million. A second tranche of $7 million is expected be completed by October 2014. Dune Medical Devices, with offices in Westborough, Mass., and Israel, develops and commercializes intraoperative, real-time, cancer detection devices,… Continue Reading

What does Fresenius’s Investment of $600M in Sound Inpatient Physicians Mean?

Posted in Healthcare Services Investing

Fresenius Medical Care has announced it has entered into an agreement to invest approximately $600 million in Sound Inpatient Physicians. Fresenius Medical Care, which has its North American headquarters in Waltham, Mass., specializes in the production of medical supplies that facilitate or aid renal dialysis. Sound Inpatient Physicians, headquartered in Tacoma, Wash., is a hospitalist… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Benvenue Medical Secures $64 Million in Financing

Posted in Healthcare Services Investing

Benvenue Medical has announced it completed a $64 million round of financing. Benvenue Medical, headquartered in Santa Clara, Calif., is a developer of minimally invasive solutions for spine repair. The financing is a combination of $40 million in series E equity supplemented with $24 million in debt. The series E equity financing was led by new… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Senseonics Secures $20 Million in PE Financing

Posted in Healthcare Services Investing

Senseonics has announced it raised $20 million of PE financing. Senseonics, headquartered in Germantown, Md., focuses on the development and commercialization of a fully implantable, long-term continuous glucose monitoring system. Participating in the financing round were current investors Anthem Capital, Delphi Ventures, Greenspring Associates, Healthcare Ventures, New Enterprise Associates and other partners. Senseonics said it… Continue Reading

“Disruption Breeds Opportunity”: Private Equity Investments and Legal Changes Leading New Developments in the Healthcare Sector

Posted in Healthcare Services Investing

By: Jennifer Wiegele, iGlobal Forum We all know the healthcare sector has changed dramatically with the new implementation of ACA, but the major shift has occurred within the move from “fee-for-service to value-based healthcare.” In an interview with Geoffrey Cockrell, Partner & Co-Chair, Private Equity within McGuireWoods, and Amber Walsh, Partner at McGuireWoods, two speakers… Continue Reading

Top Physician Specialties For PE Investment

Posted in Healthcare Services Investing

Private equity investors discovered the opportunities in physician practice management (PPM) businesses long ago, and many firms have remained consistently interested in both forming and recapping those businesses. In our Law360 column this month, we discuss top specialties for a PPM model and some common elements among successful PPM businesses. View the column “Top Physician… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Spark Therapeutics Secures $72.8 Million in Financing

Posted in Healthcare Services Investing

Spark Therapeutics has announced (pdf) it completed raising $72.8 million in series B financing. Spark Therapeutics, headquartered in Philadelphia, is a late-stage company developing gene-based medicines for a wide range of diseases. The financing round was led by Sofinnova Ventures. Joining Sofinnova as new investors are Brookside Capital, Deerfield Management Company, Rock Springs Capital, funds… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Inspire Medical Systems Secures $40 Million in Financing

Posted in Healthcare Services Investing

Inspire Medical Systems has announced (pdf) it completed raising $40 million in series E financing. Inspire Medical Systems, based in Minneapolis, Minn., is the developer of the Inspire system, a fully implanted and FDA-approved neurostimulation system for the treatment of obstructive sleep apnea. The financing round was timed to coincide with the commercial launch of… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: EndoGastric Secures $30 Million in Financing

Posted in Healthcare Services Investing

EndoGastric Solutions has announced it completed raising $30 million in an internal series G financing round. EndoGastric, headquartered in San Mateo, Calif., develops natural orifice surgical products and procedures to advance the treatment of gastrointestinal diseases. Existing investors including Advanced Technology Ventures, Canaan Partners, Chicago Growth Partners, De Novo Ventures, Foundation Medical Partners, Oakwood Medical… Continue Reading

Reps and Warranties Insurance Rises in Health Care Deals

Posted in Healthcare Services Investing

Merger and acquisition deal activity during 2013 saw an increase in the general use of M&A insurance policies, specifically representations and warranties insurance. RWI provides coverage for losses arising from unintentional and/or unknown breaches of representations and warranties made in an acquisition or merger agreement. In our most recent Law360 column, we discussed how in… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: SI-BONE Secures $33 Million in Financing

Posted in Healthcare Services Investing

SI-BONE has announced it has completed a $33 million growth capital round of financing. SI-BONE, headquartered in San Jose, Calif., is a sacroiliac joint medical device company that develops tools and products for diagnosing and treating patients with low back issues related to SI joint disorders. Orbimed and Novo A/S were new investors in the round, joining current… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: Tendyne Secures $25 Million in Financing

Posted in Healthcare Services Investing

Tendyne has announced (pdf) it has secured $25 million in series C financing. Tendyne Holdings, headquartered in Roseville, Minn., is a clinical stage medical device company focused on the development of minimally invasive therapies for the treatment of mitral regurgitation. The series C financing was led by VC firm Apple Tree Partners. Tendyne indicated that… Continue Reading

Healthcare & Life Sciences Private Equity Deal Tracker: J&J Accepts Carlyle Group’s $4 Billion Offer for Ortho Clinical Diagnostics

Posted in Healthcare Services Investing

Johnson & Johnson has announced it has accepted a $4 billion binding offer from PE firm Carlyle Group for Johnson & Johnson’s Ortho Clinical Diagnostics business. Ortho Clinical Diagnostics, headquartered in Raritan, N.J., operates in 130 countries. It provides solutions for early screening, diagnosing, monitoring and confirming diseases, focused on supporting hospitals, laboratories and blood… Continue Reading

Insight from MedPAC for Private Equity Investors

Posted in Healthcare Services Investing

McGuireWoods has a sister consulting group based in D.C. and several critical state capitals who are knowledgeable about the political climate and impending changes for our healthcare clients. Stephanie Kennan, Senior Vice President, and Brian Looser, Assistant Vice President, recently published a summary of the MedPAC March 2014 meeting, which addressed the following: Site-neutral Payments… Continue Reading