Carlyle Group also saw a big paper gain of 13x its equity investment in ZoomInfo in nearly two years, sources told PE Hub.
The Chicago buyout firm took the healthcare IT security company private in a $544m transaction in 2019.
It’s a take-what-you-get situation in the PE world as large pure-play MSPs become a rare find.
Certain PE investments in the management entities of physician groups could qualify for SBA paycheck protection loans. The Advanced/Accelerated Medicare Payment Program should also be immediately impactful for many, but repayment of loans could prove tough, experts told PE Hub.
Moelis and Barclays are said to have scored the sell-side advisor mandate shortly before coronavirus-related fears drove U.S. financial markets into extreme volatility.
The company announced Tuesday that Doug Klinger would be stepping down as CEO to spend more time with family.
The firm has tapped William Blair to advise on a potential sale of Ministry Brands, which encompasses 31 different software and payments brands tailored to faith-based organizations.
The strong performance is a bit surprising given that more investors have jumped into healthcare deals, driving up multiples. However, the increased competition has not curbed investor appetites.
Millennium is one of Florida's largest independent primary care practices with more than 300 healthcare and around 200 primary care providers.
A divestiture would help the senior living company improve its liquidity, sources said.