The Healthcare Investor

KKR has announced it has completed its acquisition of Envision Healthcare Corp.

The deal, which was previously announced in June, is valued at $9.9 billion.

Kohlberg Kravis Roberts (KKR) & Co., based in New York, considers investments in all industries, including healthcare. The firm is publicly traded under the ticker symbol KKR. It prefers to invest in a range of debt and public equity investing and may co-invest, seeking a controlling ownership of a company or a strategic minority position.

Envision, based in Nashville, Tenn., is a provider of physician-led services and post-acute care, and ambulatory surgery services. As of June 30, 2018, Envision says it delivered physician services s to more than 1,800 clinical departments in healthcare facilities in 45 states and the District of Columbia.

As a result of the acquisition, Envision became a wholly owned subsidiary of funds affiliated with KKR and Envision’s common stock ceased trading on the New York Stock Exchange.

McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are profiling women leaders in private equity throughout 2018. We are hopeful that this series will serve to inspire other women to pursue their careers in private equity in a way that best challenges and motivates them, which these impressive women have all done. This month, we are pleased to feature Caroline Ducas of Resolute Capital Partners. Access her profile by clicking here.

To recommend a woman for a future interview, email Amber Walsh at awalsh@mcguirewoods.com.

Blue Ox Healthcare Partners has announced it led a $52 million series E investment in Epic Sciences.

Epic Sciences, based in San Diego, is a developer of diagnostics designed to advance the treatment and management of cancer, including a predictive test the company says determines how cancer cells will respond to a therapy.

Blue Ox, based in New York, is private equity investment firm focused on providing capital to growth stage healthcare companies. Founded in 2009, the firm focuses on businesses in the middle market, specifically targeting those companies with commercial products and solutions in healthcare services, healthcare IT, and medical and life sciences technologies.

Participants in the financing round also included new investors Deerfield Management and Varian and existing investors Altos Capital Partners, Genomic Health, Domain Associates, VI Ventures, Alexandria Venture Investments and Sabby Management, according to a news release.

Proceeds are expected to be used to accelerate Epic’s clinical studies and execution of its growth plan.

RoundTable Healthcare Partners has announced its portfolio company, Symmetry Surgical, completed the acquisition of Bovie Medical’s electrosurgical business.

The business of Bovie, based in Clearwater, Fla., develops and manufactures generators, electrodes, cauteries and accessories used in doctors’ offices, surgery centers and hospitals.

RoundTable is an operating-oriented firm focused exclusively on the healthcare industry. The company, based in Lake Forest, Ill., targets middle-market investments in medical devices, medical products and disposables, specialty pharmaceuticals, medication delivery systems, specialty distribution and complementary outsourced services.

Symmetry, based in Antioch, Tenn., is a marketer of reusable, reposable and single-use surgical instrumentation and specialty devices.

The acquisition of Bovie complements Symmetry’s existing Olsen energy portfolio and expands its line of single-use surgical products, according to a news release.

Note: Learn more about RoundTable and other leading PE firms that invest in healthcare here.

DW Healthcare Partners has announced it invested in California Psychcare (CPC).

CPC, based in Van Nuys, Calif., is a provider of behavioral services for children and adults with an autism spectrum disorder and other developmental disabilities in the California. Following the investment, CPC will be rebranding to 360 Behavioral Health.

DW Healthcare Partners, with its U.S. office in Park City, Utah, is a PE firm focused exclusively on healthcare. Founded in 2002, DW prefers to make shareholder liquidity, management buyout and growth capital investments in mid-to-late-stage companies.

Terms of the transaction were not disclosed.

Learn more about DW Healthcare Partners and other leading PE firms that invest in healthcare here.