The Healthcare Investor

The CapStreet Group has announced it has completed a majority recapitalization of Surgical Notes.

Surgical Notes, headquartered in Dallas, is a healthcare technology company that develops and provides revenue cycle products and services for the ambulatory surgery center industry.

CapStreet, based in Houston, is private equity firm that invests in owner-managed, lower-middle-market companies. The firm seeks investments in the value-added distribution, industrial services and manufacturing, and business-to-business service sectors.

Terms of the recapitalization were not disclosed.

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 continuing our series of profiling women leaders in private equity. 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. We are pleased to feature Anne Marie DeMent of Excelsior Energy Capital. Access her profile by clicking here.

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

McGuireWoods is undertaking a yearlong effort to profile up-and-coming women leaders in private equity. This profile series complements our existing Women Leaders in Private Equity profile series, which will continue throughout 2019. For this profile, we are pleased to feature Emily Castle, an associate at Audax Private Equity. Access her profile.

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

Private equity firms invest in many sectors of the healthcare industry, but until recently, orthopedic practices remained largely untouched. Now — given the high demand for services, increased case movement to outpatient venues and high-value ancillaries — the enthusiasm for orthopedic practice investment is growing rapidly. Industry watchers expect a flurry of such transactions in 2019 and beyond.

To learn about recent investments, market dynamics and regulatory considerations in this area, read my new McGuireWoods white paper, co-authored with colleagues Gretchen Townshend, Timothy Fry and Amanda Roenius, “Private Equity Investments in Orthopedic Practices: We’ve Got Your Back.”

Integrated Oncology Network (ION), a portfolio company of Silver Oak Services Partners, has announced it acquired e+CancerCare (e+).

e+, based in Nashville, Tenn., is an operator of outpatient cancer care centers across 10 states.

ION, based in Corona del Mar, Calif., is a radiation oncology management and cancer center development company that now owns and manages more than 50 treatment centers in 17 states.

Silver Oak, based in Evanston, Ill., is a private equity investment firm focusing on middle-market healthcare, business and consumer services companies.

McGuireWoods served as counsel and legal advisor to ION in connection with the transaction.

Financial terms of the acquisition were not disclosed.