Partners Group Buys Careismatic Brands for $1.3 Billion
This content was published on January 7, 2021 - 13:27
January 7, 2021 - 13:27
(Bloomberg) Partners Group Holding AG bought medical-apparel company Careismatic Brands for about $1.3 billion including debt, according to a person with knowledge of the matter, in the private equity firm’s latest health-care deal.
The Swiss company purchased Careismatic from private equity shop New Mountain Capital, according to a statement Thursday that didn’t disclose terms of the transaction. Partners Group plans to bolster Careismatic’s growth by introducing new products and digitizing sales and marketing.
Partners Group, with more than $96 billion in assets, has been pursuing deals in niche segments of the health-care industry. Recent acquisitions include vision-services provider EyeCare Partners and Wedgewood Pharmacy, which provides specialty medications for animals. In August, Partners Group agreed to sell its majority stake in s
BGL Announces New Partnership Between EyeCare Associates of East Texas and EyeCare Partners, a portfolio company of Partners Group
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CHICAGO, Jan. 5, 2021 /PRNewswire/ Brown Gibbons Lang & Company (BGL) is pleased to announce a new partnership between EyeCare Associates of East Texas (ECA) and EyeCare Partners (ECP) resulting in the addition of ECA s four Texas clinics to ECP s national network of full-scope medical optometry and ophthalmology practices, and launching ECP s expanded presence in Texas. BGL s Healthcare & Life Sciences team served as the exclusive financial advisor to ECA in the transaction. The transaction furthers BGL s commitment to ophthalmology and more broadly, the provider services sector and represents its sixth completed provider services transaction in 2020. The specific terms of the transaction were not disclosed.