Sequana Medical announces the appointments of industry experts Pierre Chauvineau as Chairman and Wim Ottevaere as Non-Executive Director

Ghent, Belgium: 8 November 2018 – Sequana Medical nv, a commercial stage medical device company focused on the development of innovative treatment solutions for the management of liver disease, heart failure, malignant ascites and other fluid imbalance disorders, announces today the appointments of Pierre Chauvineau as Chairman and Wim Ottevaere as non-executive director of the Company effective as of the closing of the intended Initial Public Offering announced today. Pierre will succeed Rudy Dekeyser as Chairman, who will remain a non-executive director.

More info on Sequana’s website.

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CCS Healthcare divests its Consumer Skincare

Segula

Stockholm, November 7, 2018

CCS Healthcare has entered into agreements to divest its Consumer Skincare business unit. CCS’s factory and contract manufacturing activities in Borlänge, Sweden, will be sold to Svenska Krämfabriken AB and the Group’s portfolio of skincare brands sold in Sweden, Norway, Finland and the UK will be acquired by Trimb Healthcare AB.

Following the divestments, CCS will be exclusively focused on hygiene and safety products in the professional business-to-business markets.

The transactions are expected to be completed in January 2019.

CCS Healthcare is a portfolio company of Segulah IV L.P.

For further information, please visit www.ccshc.com, www.segulah.com or contact:

Johan Möllerström, Investment Manager, Segulah Advisor AB, +46 72 543 79 11

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Nexstim secures Business Finland funding for the development of wireless EMG devices

Helsinki, Finland: 25 October 2018 – Nexstim Plc (NXTMH:HEX, NXTMS:STO), the targeted neuromodulation company developing, and marketing pioneering navigated personalised, non-invasive brain stimulation systems for the treatment of Major Depression Disorder (MDD), announces today that it has secured € 342 thousand in the form of future R&D loans from Business Finland. The funding is part of the ELASTRONICS project to develop wireless Electromyography (EMG) devices. ELASTRONICS (Enabling the Future of Wearable Electronics) is Finland’s largest research project for stretchable electronics technologies and production processes.

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Varian Expands cancer care portfolio with Noona Healthcare acquisition

Palo Alto CA, USA: 12 October 2018 – Varian (NYSE: VAR) today announced the acquisition of privately-held software company Noona Healthcare, developer of a cloud-based, mobile service designed to capture cancer patient-reported outcomes (PROs). The Noona patient software app lets clinics capture PROs and communicate directly with patients. This acquisition expands Varian’s portfolio of cancer care solutions and fits the company’s long-term growth and value creation strategy.

Noona’s intuitive user interface creates an engaging experience for patients that encourages a high rate of adoption and adherence over long periods. Noona helps patients and care teams to proactively manage patient symptoms, which could lead to improved clinical outcomes and reduced hospitalization and emergency room visits.

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Gimv acquires Medi-Markt Homecare Service and Medi Markt Service Nord Ost: market leadership in medical supplies to be further expanded after the merger

GIMV

As part of a succession plan, Gimv is investing in the two German companies Medi-Markt Homecare-Service GmbH and Medi Markt Service Nord Ost GmbH as well as a number of affiliated companies. These two leading service providers in incontinence care will continue to grow in the coming years as a newly formed group with the support of Gimv.

Antwerp / Munich / Mannheim / Isenbüttel, 18 October 2018, 07:30 am – European investment company Gimv has reached an agreement on the takeover of the majority of both Medi-Markt Homecare-Service GmbH based in Mannheim as well as Isenbüttel-based Medi Markt Service Nord Ost GmbH. These transactions are part of a succession plan for both companies. Gimv is thus expanding its Health & Care portfolio with a leading supplier of medical supplies in Germany, which is expected to continue to grow in the coming years. The remaining shares will be acquired by the newly appointed CEO of the Medi Markt Group,Markus Reichel. The transaction is subject to customary approval requirements and is expected to close within a few weeks.

The two companies and their affiliates, which together employ around 225 people, will form one group as of this transaction and will operate jointly under the Medi-Markt brand, headquartered in Mannheim. Markus Reichel, formerly managing director of Medi-Markt Homecare-Service GmbH, will become managing director of the new group and a co-shareholder. The companies are specialised mail-order providers of homecare supplies with a particular focus on absorbing incontinence. Further product groups include revulsive incontinence, diabetes control, stoma care, enteral nutrition, disinfection and protection as well as personal hygiene, supplying a total of c.12,000 different products. The companies distribute branded and private label products. Medi-Markt is one of the major providers in the country for incontinence aids and stoma care. The group has a combined annual turnover of more than 50 million EUR.

Medi-Markt supplies around 150,000 end-consumers annually. The majority of the products are reimbursed by health insurances, for whom Medi-Markt has been a reliable partner for many years.

“Together with our new growth partner Gimv, we want to further expand our product offering and advance into adjacent segments. We are also considering acquisitions of suitable companies,” explains Markus Reichel, Managing Director of Medi-Markt Homecare-Service GmbH and future CEO of the group. The business benefits from the demographic change since Medi Markt primarily caters an ageing population: today c. 7 million people suffer from incontinence in Germany. This number is expected to further increase to nine million over the next 20 years. “Medi-Markt’s high quality products and the company’s customer-centric approach enable many people to maintain a more independent lifestyle. At the same time, due to lean organizational structures, the company improves efficiency of care,” says Philipp v. Hammerstein, Partner at Gimv in the Health & Care segment in Munich. “We are l ooking forward to continuing the success story of these two leading specialists, while leveraging further potential related to the merger. Together with the experienced management team, we will focus on organic growth as well as on buy-and-build opportunities.”

The new investment marks Gimv’s seventh acquisition in the German-speaking healthcare market. This means that Gimv currently has 20 participations in companies in the healthcare and life sciences sector. This acquisition further underpins Gimv’s position as one of the most active European investors in the healthcare industry. The portfolio also includes several clinic and practice groups, medical technology and biotech companies.

Further details about the transaction will not be published.

 

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Montagu and Astorg enter into an exclusive agreement to form a partnership on Nemera

Montagu

17 October 2018 – Montagu Private Equity (“Montagu”) and Astorg (“Astorg”) today announce that Montagu has signed an agreement to sell Nemera (“the company”), a leading global manufacturer of drug administration systems for the pharmaceutical industry, to Astorg.

While committing to acquire the business in full, Astorg has offered Montagu the opportunity to reinvest as a partner in the next phase of Nemera’s growth, alongside its management team. Given the strength and growth potential of the company, Montagu has elected to exercise this option and form an equal partnership with Astorg to support Nemera’s management team in delivering the company’s ambitious development plans. Further terms of the transaction were not disclosed.

Headquartered in La Verpillière (France), Nemera designs, develops, and manufactures a full range of drug delivery devices including auto-injectors, inhalers, insulin pens, eye droppers and pumps from four state-of-the-art manufacturing sites in France, Germany and the US. Its products are sold to a variety of blue-chip customers from the pharmaceutical, biotech and generics industries. Nemera employs 1,950 full-time-equivalent employees.

With the support of Montagu, Nemera has grown its sales by 50% and increased by 25% its workforce since its carve out from Rexam PLC in 2014. The company has also further strengthened its world-class innovation centre and developed new services in line with its long-term commitment to improve patients’ lives and remain the partner of choice for its longstanding clients.

Following the transaction, Astorg will jointly control Nemera with Montagu, providing the financial resources and sector expertise required to support management’s ambitious growth plans, both organically and via carefully selected add-on acquisitions.

Marc Haemel, Nemera’s CEO, said “We are excited about our new partnership with Astorg and Montagu. We have been very impressed by Astorg’s in-depth understanding of our business, as well as their overall expertise in the healthcare space, which will help us fulfill our growth ambitions. We are also delighted to continue working with Montagu, who has significantly contributed to our success.

This transaction opens a promising new chapter for the company. It will allow us, with the support of Astorg and the continued commitment of Montagu, to build upon the company’s strengths and accelerate the development of our proprietary device portfolio and innovation capabilities, while also exploring additional value-creating opportunities.”

Completion of the transaction is subject to satisfactory clearance from relevant anti-trust authorities.

Astorg was advised by Citigroup and Latham & Watkins. Montagu was advised by HSBC, Morgan Stanley and Weil Gotshal.

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The Carlyle Group Leads Investment in Adicon, an Independent Clinical Laboratory Company in China

Carlyle

Carlyle’s Global Healthcare Network and Experience to Help Expand the Business

Hangzhou, China – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it, together with Meinian Onehealth Healthcare Holdings Co., Ltd., has invested in and become the single largest shareholder of, Adicon Holding Limited, one of the largest independent clinical laboratory (ICL) companies in China. Equity for the investment came from Carlyle Asia Partners V, Carlyle’s flagship US$6.55 billion fund focused on buyout and strategic investments across a range of sectors in Asia Pacific.

Established in 2004, Adicon operates 20 fully-owned diagnostic laboratories in China, offering diagnostic testing outsourcing services to more than 10,000 active customers, including hospitals, clinics and contract research organizations (CROs) in 28 provinces. China’s ICL industry is a fast-growing market, driven by growing healthcare expenditure, rising diagnostic demand, continued technology innovation and hospital cost control trends. As an ICL industry pioneer, Adicon has developed a scalable operation with high quality standards and a network of laboratories certified with China National Accreditation Services for Conformity Assessment (CNAS). Adicon’s comprehensive test portfolio includes a range of esoteric tests, addressing diverse customer demands.

Ling Yang, Managing Director of the Carlyle Asia Buyout advisory team, said, “We are excited to have the opportunity to invest in Adicon. Adicon is a platform company, which taps into the sustained growth and innovation in China’s healthcare market and helps the health system achieve cost savings. We have seen ICL leaders grow into substantial businesses in mature markets, and believe Adicon has similar potential. We look forward to working with our partners and the existing management team to build this company together.”

The Carlyle Group has invested more than US$11.5 billion of equity in more than 65 transactions in the global healthcare industry as of June 30, 2018. In Asia, Carlyle has invested approximately US$1.5 billion in 10 healthcare companies.

As one of the first and most active international private equity investors in China, Carlyle has adopted a local approach towards investments in China for two decades. Carlyle has invested more than US$8 billion of equity in nearly 100 private equity transactions across China through its US dollar and RMB investment vehicles as of June 30, 2018.

* * * * *

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles as of June 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com

Videos: www.youtube.com/onecarlyle

Tweets: www.twitter.com/onecarlyle

Podcasts: www.carlyle.com/about-carlyle/market-commentary

Media Contacts:

Brian Zhou
+86 10 57067070
Brian.zhou@carlyle.com

Tammy Li
+852 2878 5236
Tammy.li@carlyle.com

 

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The Carlyle Group Leads Investment in Adicon, an Independent Clinical Laboratory Company in China

Carlyle

Carlyle’s Global Healthcare Network and Experience to Help Expand the Business

Hangzhou, China – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it, together with Meinian Onehealth Healthcare Holdings Co., Ltd., has invested in and become the single largest shareholder of, Adicon Holding Limited, one of the largest independent clinical laboratory (ICL) companies in China. Equity for the investment came from Carlyle Asia Partners V, Carlyle’s flagship US$6.55 billion fund focused on buyout and strategic investments across a range of sectors in Asia Pacific.

Established in 2004, Adicon operates 20 fully-owned diagnostic laboratories in China, offering diagnostic testing outsourcing services to more than 10,000 active customers, including hospitals, clinics and contract research organizations (CROs) in 28 provinces. China’s ICL industry is a fast-growing market, driven by growing healthcare expenditure, rising diagnostic demand, continued technology innovation and hospital cost control trends. As an ICL industry pioneer, Adicon has developed a scalable operation with high quality standards and a network of laboratories certified with China National Accreditation Services for Conformity Assessment (CNAS). Adicon’s comprehensive test portfolio includes a range of esoteric tests, addressing diverse customer demands.

Ling Yang, Managing Director of the Carlyle Asia Buyout advisory team, said, “We are excited to have the opportunity to invest in Adicon. Adicon is a platform company, which taps into the sustained growth and innovation in China’s healthcare market and helps the health system achieve cost savings. We have seen ICL leaders grow into substantial businesses in mature markets, and believe Adicon has similar potential. We look forward to working with our partners and the existing management team to build this company together.”

The Carlyle Group has invested more than US$11.5 billion of equity in more than 65 transactions in the global healthcare industry as of June 30, 2018. In Asia, Carlyle has invested approximately US$1.5 billion in 10 healthcare companies.

As one of the first and most active international private equity investors in China, Carlyle has adopted a local approach towards investments in China for two decades. Carlyle has invested more than US$8 billion of equity in nearly 100 private equity transactions across China through its US dollar and RMB investment vehicles as of June 30, 2018.

* * * * *

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $210 billion of assets under management across 335 investment vehicles as of June 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com

Videos: www.youtube.com/onecarlyle

Tweets: www.twitter.com/onecarlyle

Podcasts: www.carlyle.com/about-carlyle/market-commentary

Media Contacts:

Brian Zhou
+86 10 57067070
Brian.zhou@carlyle.com

Tammy Li
+852 2878 5236
Tammy.li@carlyle.com

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KKR Completes Acquisition of Envision Healthcare Corporation

KKR

NASHVILLE, Tenn.–(BUSINESS WIRE)– Envision Healthcare Corporation (“Envision” or the “Company”) (NYSE: EVHC) today announced the completion of the previously announced acquisition of Envision by global investment firm KKR.

As a result of the completion of the merger, Envision has become a wholly owned subsidiary of funds affiliated with KKR, and Envision stockholders will receive an amount in cash equal to $46.00 per share of Envision common stock. As a result of the completion of the merger, shares of Envision’s common stock ceased trading on the NYSE prior to the opening of the NYSE today.

About Envision Healthcare Corporation

Envision Healthcare Corporation is a leading provider of physician-led services and post-acute care, and ambulatory surgery services. At June 30, 2018, we delivered physician services, primarily in the areas of emergency department and hospitalist services, anesthesiology services, radiology/tele-radiology services, and children’s services to more than 1,800 clinical departments in healthcare facilities in 45 states and the District of Columbia. Post-acute care is delivered through an array of clinical professionals and integrated technologies which, when combined, contribute to efficient and effective population health management strategies. The Company owns and operates 261 surgery centers and one surgical hospital in 35 states and the District of Columbia, with medical specialties ranging from gastroenterology to ophthalmology and orthopedics. In total, the Company offers a differentiated suite of clinical solutions on a national scale, creating value for health systems, payors, providers and patients. For additional information, visit www.evhc.net.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, growth equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.comand on Twitter @KKR_Co.

View source version on businesswire.comhttps://www.businesswire.com/news/home/20181011005441/en/

Envision Healthcare Corporation
Bob Kneeley, 303-495-1245
Vice President, Investor Relations
bob.kneeley@evhc.net
or
KKR
Kristi Huller, 212-750-8300
Cara Major, 212-750-8300
media@kkr.com

News Provided by Acquire Media

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Bridgepoint acquires HTL from Naxicap

Bridgepoint

October 8, 2018 – International private equity group Bridgepoint has acquired a majority stake in HTL, a specialist in the manufacture, marketing and innovation of hyaluronic acid (HA) and its by-products, from Naxicap. Naxicap will reinvest via a significant minority interest. Terms of the transaction have not been released.

Working with the management team and Naxicap, Bridgepoint intends to support HTL’s international expansion and external growth strategy.

Created in 1992, HTL is based in Fougères (Ille-et-Vilaine, Brittany) and specializes in the manufacture and purification of hyaluronic acid. It has since diversified into research and development covering other biological polymers for the pharmaceutical and medical fields. HTL stands out from the competition because of its ability to obtain HA with an ultra-high molecular weight, which adds stability and effectiveness for injectable products prepared in the fields of ophthalmology, rheumatology or dermatology. It is also one of the few global manufacturers that can produce a significant volume of pharmaceutical quality HA. Many of the company’s clients believe that HTL products offer the best quality on the market.

Managed by CEO Yvon Bastard and his team, the company now has over 110 employees and hopes to boost hiring. To further its expertise, HTL relies on its R&D department, which is dedicated to the production of new HA bi-products in four specialized laboratories.

HTL also wishes to accelerate its international development. To date, about 90% of the production is sold in Europe, of which approximately 25% in France. With its market leadership and loyal client base, HTL is perfectly positioned to pursue its robust growth.

Vincent-Gael Baudet, a Bridgepoint partner in Paris, commented: “We are pleased to partner with HTL, a company whose profile is very much in line with the investments we support.  In the healthcare field, a sector where Bridgepoint’s expertise is recognised, HTL enjoys a leading position in a high-growth market, with positive momentum in terms of supply and demand and unparalleled product quality. This is thanks to the remarkable drive of the management team and Naxicap. Our international network will be able to assist HTL with its global development, particularly in Asia and in North America, where we are already present.”

HTL CEO Yvon Bastard added: “HTL is a world leader in the HA and by-products markets. Since 2017, Naxicap has provided outstanding support in the development, structuring and investments necessary to back our organic growth ambitions. The HTL management team will be supported by Bridgepoint’s experience and global network to accelerate its international development strategy and its positioning in terms of new therapies, while reinforcing its base with historical partners. The HTL employees are all proud of the work accomplished over the last 18 months and are eagerly looking forward to this new phase of development.”

Eric Aveillan, Naxicap Partners Managing Partner, continued: “We acquired HTL in February 2017 from the founding family as part of a Management Buy-In. During these first 18 months, the HTL teams have been able to unleash their potential and leverage their remarkable expertise thanks to the appointment of a new CEO (Mr. Yvon Bastard), the company’s professionalization and an ambitious investment and recruitment policy. The company has resumed growth, reporting a substantial revenue increase in the last fiscal year, thereby consolidating its position as sector leader. The arrival of a recognized shareholder such as Bridgepoint demonstrates the quality of the project and follows the long-term industrial interest of the company whose future growth is now primarily international.”

Current and past healthcare companies in Bridgepoint portfolios include Acteon, Care UK, Diaverum, Médipôle Partenaires, C2S Group and BALT (interventional neuroradiology).

Press enquiries

For all press enquiries, contact James Murray on +44 (0) 20 7034

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