THL Partners will acquire Celerion from H.I.G. Capital for $1.8 billion, according to news releases and industry reports.

Celerion, formed in 2010 and based in Lincoln, Nebraska, is a global provider of clinical pharmacology and bioanalytical sciences.

THL, founded in 1974 and based in Boston, is a private equity firm investing in middle market growth companies in a few sectors, including healthcare. The firm typically targets companies with enterprise values between $250 million and $2.5 billion.

H.I.G., founded in 1993 and based in Miami, pursues a wide range of investments in healthcare and many other industries. The firm has flexibility on investment size, including interest in pre-EBITDA businesses. Within healthcare, the firm targets companies in the provider services, hospital/major facilities and life sciences/pharmaceutical industries.

The transaction is expected to close later this year.

Accel-KKR has invested in Staritas, according to a news release.

Staritas, based in Boston, is the spend management and recall management solutions company spun out by ECRI, a global healthcare quality and safety nonprofit organization.

Accel-KKR, founded in 2000 and based in Menlo Park, California, is a technology-focused investment firm. The firm pursues middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments and credit alternatives.

Terms of the investment were not disclosed.

Grovecourt Capital has announced an investment in Guide Architecture.

Guide, founded in 2014 and based in Dallas, is a national architecture and interior design firm dedicated to the healthcare industry.

Grovecourt, founded in 2022 and based in West Palm Beach, Florida, is a lower middle market private equity firm that seeks investments in founder-led and family-owned companies in healthcare and a few other sectors.

Terms of the investment were not disclosed.

How did Allied Digestive Health build a gastroenterology program that’s “second to none” with roughly 200 gastroenterologists across New York and New Jersey? CEO Matt Devine unpacks the strategies, such as investing in technology and having one EMR across the platform that’s world class.

“If we’re just going out and getting larger, that’s nice and that’s admirable. But what we really need to do at the end of the day is improve outcomes. And that’s what our doctors take pride in every day,” he tells McGuireWoods partner and host Geoff Cockrell.

Tune in for Matt’s insights about what Geoff calls the “triple aims” in healthcare: improving outcomes, improving access and controlling system cost.

Afterburner Capital and Council Capital have exited Advanced Care Partners (ACP), according to a news release.

ACP, founded in 2010 and based in Atlanta, is a provider of home-based care for medically fragile children and adults.

Afterburner, founded in 2010 and based in Miami, is a private equity firm that focuses on healthcare and aerospace technology.

Council, founded in 2000 and based in Nashville, Tennessee, focuses on lower middle market healthcare companies. The firm pursues majority and minority investments in companies with enterprise values generally between $10 million and $100 million.

Terms of the transaction were not disclosed.

This special episode is a crossover between The Corner Series and Provident’s Healthcare DealCast released across both McGuireWoods’ and Provident Healthcare Partners’ channels.

McGuireWoods partner Geoff Cockrell is joined by Steve Grassa, director of Provident Healthcare Partners, for a wide-ranging discussion on the healthcare services landscape including the provider services market, opportunities for emerging buyers and what defines an “A-caliber” asset.

This conversation also serves as a preview of McGuireWoods’ Healthcare Private Equity and Finance Conference, April 29-30, 2026, in Chicago, where Geoff will lead a banker-focused panel discussion.

Avista Healthcare Partners has acquired Bentec Medical from Greyrock Capital Group and Hermitage Equity Partners, according to a news release.

Bentec, founded in 1994 and headquartered in Woodland, California, is a manufacturer of complex, silicone-based medical device components and finished goods for OEM customers and healthcare providers. 

Avista, founded in 2005 and based in New York, makes control buyout investments in middle market healthcare companies. The firm focuses on the following healthcare subsectors: pharmaceuticals, medical devices, outsourced pharmaceutical services, distribution and consumer-driven healthcare.

Greyrock, founded in 2002 and based in Walnut Creek, California, is an investor in mezzanine debt and equity to middle-market companies.

Hermitage, founded in 2009 and based in Dallas, is a middle market private equity firm that invests across several sectors, including healthcare. The firm prefers to purchase companies with revenue ranging from $10 million to $250 million. 

Terms of the transaction were not disclosed.

The Sterling Group has announced its acquisition of Healthcare Linen Services Group (HLSG) from York Private Equity.

HLSG, founded in 2009 and based in St. Charles, Illinois, is a provider of healthcare laundry services in the Midwest and Central United States. The company operates processing plants across six regional brands that serve customers in 13 states.

Sterling, founded in 1982 and based in Houston, Texas, is a middle market private equity firm. The firm targets investments in basic manufacturing, distribution and industrial services companies with typical enterprise values of these companies at initial formation ranging from $100 million to $1 billion.

York Private Equity, launched in 2008 and based in New York, is the private investing arm of York Capital Management. The division primarily targets control investments in middle market businesses in healthcare, consumer and wellness, and business and industrial services.

Terms of the acquisition were not disclosed.

Council Capital has announced its acquisition of MedicalServiceQuotes.com (MSQ).

MSQ, founded in 2009 and based in Castle Rock, Colorado, is a technology platform for payers and employers to procure and manage ancillary services and pharmacy benefits.

Council, founded in 2000 and based in Nashville, Tennessee, focuses on lower middle market healthcare companies. The firm pursues majority and minority investments in companies with enterprise values generally between $10 million and $100 million.

Terms of the acquisition were not disclosed.

Havencrest Capital Management has announced a majority recapitalization of OFFOR Health.

OFFOR, founded in 2014 and headquartered in Columbus, Ohio, provides office-based anesthesia services for complex pediatric dental procedures.

Havencrest, founded in 2018 and based in Dallas, is a lower middle market private equity investment firm focused exclusively on the healthcare industry. The firm prefers to partner with founder-owned healthcare companies with EBITDA between $3 million and $15 million and enterprise value of $25 million to $250 million.

Terms of the investment were not disclosed.