Deals Library — SeekingChartis Corpus

🛡️ Public data only — no PHI permitted on this instance.

About this page

Browsable 655-deal healthcare-PE corpus — name, sponsor, entry year, sector, EV / EBITDA multiple, realized MOIC and IRR, hold period, commercial-payer %, vintage regime, and data grade per row.

Scale

Data grade A–D reflects row completeness: A = all core fields populated (entry + exit + payer mix + returns); D = thin, sponsor or returns missing. Sort by any column.

How to use

Filter by sector + regime to assemble comparables for a target; click a deal row to open its detail view.

Source: data_public/deal_quality_score.py (grading) + data_public/deals_corpus._SEED_DEALS + extended_seed_*.py.

Total Deals

655

in corpus

Realized

365

56% of corpus

Corpus P50 MOIC

2.80x

realized deals

Loss Rate

14.8%

MOIC < 1.0×

Sectors

covered

DEAL CORPUSall healthcare PE transactions655

Deal	Sector	Year	Regime	EV ($M)	EV/EBITDA	MOIC	IRR	Hold (yr)	Lev%	Comm%	Sponsor	Region	Grade
Steward Health Care – MPT / Chapter 11 Restructuring	—	2,024	NORMALIZATION	$1B	—	—	—	—	—	—	Various (distressed acquirers)	—	D
Envision Healthcare Post-Reorg – New KKR Entity (2024)	—	2,024	NORMALIZATION	$2B	6.2x	—	—	—	—	—	KKR (post-reorganization equit	—	C
BrightSpring Health Services – KKR IPO	—	2,024	NORMALIZATION	$5B	15.0x	2.10x	16.0%	5.0	—	—	Public markets (NASDAQ: BTSG)	—	B
Steward Health Care – Texas Hospital Portfolio Sale	—	2,024	NORMALIZATION	$400M	—	—	—	—	—	22%	Various (Stewardship Health /	—	D
ResCare / BrightSpring Health Services – KKR IPO	—	2,024	NORMALIZATION	$3B	10.8x	1.40x	6.0%	6.0	—	15%	Public Market (IPO)	—	B
Ardent Health Services IPO — 2024	hospital	2,024	NORMALIZATION	$4B	11.6x	—	—	—	—	32%	IPO / Equity Group Investments	—	B
Concentra / Humana Divestiture	Occupational Health	2,024	NORMALIZATION	$2B	10.0x	—	—	—	55%	80%	Welsh Carson / Concentra manag	National	A
Nuvance Health – Northwell Health Merger	—	2,023	NORMALIZATION	$4B	13.3x	—	—	—	—	40%	Northwell Health	—	C
Ramsay Health Care – US Market Entry via Covenant Health JV	—	2,023	NORMALIZATION	$4B	13.5x	—	—	—	—	33%	Ramsay Health Care / KKR (co-i	—	C
Radiology Partners – New Mountain Capital Recapitalization	—	2,023	NORMALIZATION	$3B	8.4x	—	—	—	—	—	New Mountain Capital (recap /	—	C
Amedisys – UnitedHealth/Optum Acquisition	—	2,023	NORMALIZATION	$3B	15.7x	—	—	—	—	—	UnitedHealth Group / Optum	—	C
LHC Group – Optum (completed)	—	2,023	NORMALIZATION	$5B	14.6x	—	—	—	—	—	UnitedHealth Group / Optum	—	C
R1 RCM – New Mountain Capital / TCP-ASC Take-Private	—	2,023	NORMALIZATION	$9B	15.1x	—	—	—	—	—	New Mountain Capital / TCP-ASC	—	C
Prospect Medical Holdings – Distressed Asset Sales	—	2,023	NORMALIZATION	$600M	—	—	—	—	—	—	State of CT / Various acquirer	—	D
Oak Street Health – CVS Health Acquisition	—	2,023	NORMALIZATION	$11B	124.7x	—	—	—	—	—	CVS Health	—	D
Signify Health – CVS Health Acquisition	—	2,023	NORMALIZATION	$8B	34.8x	—	—	—	—	—	CVS Health	—	C
SCA Health (Surgical Care Affiliates) – Bain Capital Roll-Up	—	2,023	NORMALIZATION	$900M	10.6x	—	—	—	—	—	Bain Capital (through SCA Heal	—	C
Dermatology-Adjacent: Solta Medical – Bausch Health Carve-Out	—	2,023	NORMALIZATION	$3B	14.4x	—	—	—	—	—	Public markets (Bausch + Lomb	—	C
Envision Healthcare – Post-Reorganization Creditor Entity 2023	—	2,023	NORMALIZATION	$1B	12.6x	—	—	—	—	50%	New Envision creditor consorti	—	C
Prospect Medical Holdings – CA Hospitals Distressed Sale	—	2,023	NORMALIZATION	$150M	—	0.10x	-25.0%	8.0	—	15%	KPC Medical Management	—	B
National Oncology Ventures – US Oncology / McKesson Add-on	—	2,023	NORMALIZATION	$1B	11.2x	—	—	—	—	37%	US Oncology / McKesson	—	C
Alignment Healthcare – TPG Secondary Block Sale	—	2,023	NORMALIZATION	$900M	—	0.60x	-9.0%	5.0	—	5%	Block purchasers	—	C
Steward Medical Group – Optum Physician Group Acquisition	—	2,023	NORMALIZATION	$310M	—	—	—	—	—	28%	Optum	—	D
Evolent Health – National Imaging Associates Acquisition	—	2,023	NORMALIZATION	$975M	14.3x	—	—	—	—	—	Evolent Health	—	C
Amedisys – UnitedHealth Group / Optum Acquisition	—	2,023	NORMALIZATION	$3B	19.6x	—	—	—	—	10%	UnitedHealth Group / Optum	—	C
Signify Health – CVS Health / Aetna Acquisition	—	2,023	NORMALIZATION	$8B	44.4x	4.50x	46.0%	4.0	—	7%	New Mountain Capital	—	B
One Medical (1Life Healthcare) – Amazon Acquisition	—	2,023	NORMALIZATION	$4B	—	1.50x	15.0%	3.0	—	85%	Amazon	—	B
MedExpress (Optum) / Urgent Care Divest	—	2,023	NORMALIZATION	$700M	12.7x	—	—	3.0	—	65%	Warren Equity Partners	National	B
Myriad Genetics / Oncology Segment	—	2,023	NORMALIZATION	$600M	13.3x	—	—	3.0	—	50%	Tempus AI (majority stake)	National	B
Cardiovascular Systems (CSII) / Abbott Acquisition	—	2,023	NORMALIZATION	$890M	14.8x	—	—	—	—	38%	Abbott Laboratories	Midwest	B
Parsley Health / Deutsche Telekom (T-Health)	—	2,023	NORMALIZATION	$200M	—	1.80x	22.0%	3.0	—	55%	Deutsche Telekom (T-Systems)	National	C
Globus Medical / NuVasive Merger	—	2,023	NORMALIZATION	$3B	13.5x	—	—	—	—	45%	Globus Medical	National	B
Envision Anesthesia / USAP	—	2,023	NORMALIZATION	$1B	12.6x	—	—	4.0	—	44%	US Anesthesia Partners	National	B
Envision Healthcare / KKR bankruptcy exit	emergency_medicine	2,023	NORMALIZATION	$1B	—	0.10x	-30.0%	6.0	—	38%	KKR (exit via restructuring)	—	B
Amedisys / Optum (UHG) acquisition	home_health	2,023	NORMALIZATION	$3B	15.0x	—	—	—	—	10%	UnitedHealth Group / Optum	—	B
Nuvance Health / Northwell Health affiliation	hospital	2,023	NORMALIZATION	$2B	9.0x	—	—	—	—	32%	Northwell Health (nonprofit st	—	B
United Surgical Partners International — Optum Majority Acquisition	asc	2,023	NORMALIZATION	$6B	11.3x	—	—	—	—	46%	UnitedHealth Group / Optum	—	B
Mochi Health — 8VC / Peterson	managed_care	2,023	NORMALIZATION	$150M	—	—	—	—	—	40%	8VC / Peterson Ventures	—	D
Fortrea (LabCorp CRO spinoff) / THL	Clinical Research / CRO	2,023	NORMALIZATION	$4B	10.0x	—	—	—	45%	90%	Thomas H. Lee Partners (minori	Global	A
Athletico Physical Therapy / BDT & MSD	Physical Therapy	2,023	NORMALIZATION	$3B	13.3x	—	—	—	58%	65%	BDT & MSD Partners	Midwest	A
CareDx – Medline / Growth Buyout	Transplant / Diagnostics	2,023	NORMALIZATION	$520M	14.9x	—	—	—	42%	70%	Blackstone Growth	National	B
SaVida Health – Behavioral Health Partners (SUD focus)	—	2,022	PEAK	$90M	9.0x	—	—	—	—	38%	SaVida Health / Revelstoke Cap	—	C
Lifepoint Health — Post-Merger Debt Refinancing (KKR hold-period)	—	2,022	PEAK	$10B	11.2x	—	—	—	—	29%	LifePoint Health (existing KKR	—	C
Covenant Physician Partners – KKR (Platform Build)	—	2,022	PEAK	$2B	10.0x	—	—	—	—	—	KKR	—	C
Resilient Healthcare – Halo Capital Group / CrossFirst Bank	—	2,022	PEAK	$75M	7.5x	—	—	—	—	—	Halo Capital Group	—	C
US Physical Therapy – ATI Physical Therapy add-on targets	—	2,022	PEAK	$180M	10.0x	—	—	—	—	—	ATI Physical Therapy (Advent b	—	C
Surgery Partners – Multiple ASC Platform Add-Ons (2022)	—	2,022	PEAK	$650M	10.0x	—	—	—	—	—	Surgery Partners (SGRY / Bain	—	C
Change Healthcare – UnitedHealth/Optum Acquisition	—	2,022	PEAK	$13B	14.4x	—	—	—	—	—	UnitedHealth Group / Optum	—	C
National Healthcare Corp – SNF Portfolio Consolidation	—	2,022	PEAK	$320M	9.1x	—	—	—	—	—	NHC (public, internally consol	—	C
Radiology Partners – New Mountain Capital (2022 refinance)	—	2,022	PEAK	$4B	13.1x	—	—	—	—	—	New Mountain Capital (existing	—	C
Apria Healthcare – Owens & Minor Acquisition	—	2,022	PEAK	$2B	11.2x	—	—	—	—	—	Owens & Minor (OMI)	—	C
USPI / Tenet Healthcare – ASC Add-on Cluster 2022	—	2,022	PEAK	$1B	7.7x	—	—	—	—	73%	United Surgical Partners Inter	—	C
Ensemble Health Partners – Golden Gate Capital Minority Recap	—	2,022	PEAK	$4B	12.5x	—	—	—	—	—	Golden Gate Capital	—	C
Spring Health – General Catalyst Series D Growth Round	—	2,022	PEAK	$2B	—	—	—	—	—	93%	General Catalyst	—	D
Ovation Healthcare – Delphi Private Equity LBO	—	2,022	PEAK	$520M	10.0x	—	—	—	—	22%	Delphi Private Equity	—	C
R1 RCM – Cloudmed Acquisition	—	2,022	PEAK	$4B	14.1x	—	—	—	—	—	R1 RCM	—	C
Carbon Health – Blackstone Growth Equity	—	2,022	PEAK	$3B	—	—	—	—	—	68%	Blackstone Growth	—	D
EviCore Healthcare – Restructured AIM Specialty Health	—	2,022	PEAK	$2B	11.2x	—	—	—	—	—	Cigna / eviCore	—	C
NephroStar – Dialysis Clinic Roll-up	—	2,022	PEAK	$450M	11.2x	—	—	—	—	12%	Warburg Pincus	—	C
Apria Healthcare – Owens & Minor Acquisition	—	2,022	PEAK	$2B	8.9x	—	—	—	—	23%	Owens & Minor	—	C
Gentiva Health Services – Clayton Dubilier & Rice LBO	—	2,022	PEAK	$4B	13.6x	—	—	—	—	8%	Clayton Dubilier & Rice	—	C
Change Healthcare – UnitedHealth Group / Optum Acquisition	—	2,022	PEAK	$13B	19.1x	—	—	1.0	—	—	UnitedHealth Group / Optum	—	C
SCA Health – Bain Capital Secondary LBO	—	2,022	PEAK	$4B	11.5x	—	—	—	—	76%	Bain Capital	—	C
Lifepoint Health – Kindred Rehab Add-on Portfolio	—	2,022	PEAK	$700M	11.3x	—	—	—	—	18%	LifePoint Health / Apollo	—	C
Astrana Health – VBC Platform Expansion 2022	—	2,022	PEAK	$830M	11.9x	—	—	—	—	20%	Astrana Health (public)	—	C
Enhabit Home Health & Hospice – Encompass Health Spin-off	—	2,022	PEAK	$2B	15.0x	—	—	—	—	13%	Public Market (spin-off)	—	C
Surgical Notes – ASC Revenue Cycle SaaS Platform	—	2,022	PEAK	$290M	10.4x	—	—	—	—	—	GTCR	—	C
Diversicare Healthcare – PE Recapitalization	—	2,022	PEAK	$320M	9.1x	—	—	—	—	12%	Diversicare management / LP in	—	C
Hazel Health – School-Based Health Platform Growth	—	2,022	PEAK	$500M	—	—	—	—	—	35%	Owl Ventures	—	D
WRS Health / Bizmatics – Ambulatory EHR Roll-up	—	2,022	PEAK	$380M	10.0x	—	—	—	—	—	Thoma Bravo	—	C
Maven Clinic – Women's Health Platform Series E	—	2,022	PEAK	$1B	—	—	—	—	—	88%	General Atlantic	—	D
Nuance Communications – Microsoft Acquisition	—	2,022	PEAK	$20B	63.5x	—	—	—	—	—	Microsoft	—	D
Cotiviti – Veritas Capital Secondary LBO	—	2,022	PEAK	$15B	13.6x	—	—	—	—	—	Veritas Capital	—	C
Carrum Health – Episode-Based Surgery Platform	—	2,022	PEAK	$220M	—	—	—	—	—	90%	Health Assurance Acquisition /	—	D
Pearl Health – Primary Care ACO-REACH Platform	—	2,022	PEAK	$380M	—	—	—	—	—	2%	a16z / General Catalyst	—	D
Acadia Healthcare / Lindner Center Add-On	—	2,022	PEAK	$175M	9.7x	—	—	3.0	—	40%	Acadia Healthcare	Midwest	B
Retina Consultants of America / KKR	—	2,022	PEAK	$2B	13.8x	—	—	4.0	—	35%	KKR	National	B
Upstream Rehabilitation / Revelstoke Capital	—	2,022	PEAK	$2B	12.9x	—	—	4.0	—	40%	Revelstoke Capital Partners	National	B
Magellan Health / Centene Acquisition	—	2,022	PEAK	$2B	12.6x	—	—	—	—	25%	Centene Corporation	National	B
AMN Healthcare / Connetics / Travel Nursing Roll-up	—	2,022	PEAK	$1B	12.7x	—	—	—	—	—	AMN Healthcare Services	National	C
Inovalon / Nordic Capital Take-Private	—	2,022	PEAK	$7B	19.2x	—	—	5.0	—	—	Nordic Capital	National	C
Diversicare Healthcare / Wellstone Capital	—	2,022	PEAK	$280M	12.7x	—	—	4.0	—	8%	Wellstone Capital	Southeast	B
Maternal Fetal Medicine of America / Kainos Capital	—	2,022	PEAK	$280M	10.8x	—	—	5.0	—	55%	Kainos Capital	Southeast	B
Kyruus Health / Vista Equity	—	2,022	PEAK	$600M	12.0x	—	—	5.0	—	—	Vista Equity Partners	National	C
Invitae / GeneDx Merger	—	2,022	PEAK	$150M	—	0.10x	-70.0%	2.0	—	58%	Invitae	National	C
Calibrate Health / AXA Venture Partners	—	2,022	PEAK	$200M	—	0.40x	-24.0%	3.0	—	60%	AXA Venture Partners	National	C
YesCare (formerly Corizon Health) / Restructuring	—	2,022	PEAK	$200M	11.1x	—	—	3.0	—	0%	Management buyout / restructur	National	B
Pomelo Care / Oak HC/FT	—	2,022	PEAK	$200M	—	—	—	4.0	—	44%	Oak HC/FT	National	D
SCAN Health Plan / CareOregon merger (SCAN Group)	managed_care	2,022	PEAK	$600M	—	—	—	—	—	0%	SCAN Group strategic	—	D
Inovalon / Nordic Capital + Insight Partners take-private	health_it	2,022	PEAK	$7B	54.9x	—	—	—	—	—	Nordic Capital / Insight Partn	—	D
American Renal Associates — Centerbridge Take-Private	dialysis	2,022	PEAK	$775M	10.3x	2.00x	26.0%	3.0	—	24%	Centerbridge Partners	—	A
TeamHealth — Blackstone Exit via Sponsor Secondary	physician_group	2,022	PEAK	$6B	13.1x	1.20x	3.0%	7.0	—	47%	Blackstone (continued hold)	—	A
Nomi Health — Blackstone Growth Equity	health_it	2,022	PEAK	$750M	15.0x	—	—	—	—	65%	Blackstone Growth	—	B
Meditrina — General Catalyst VC Backed	health_it	2,022	PEAK	$250M	—	—	—	—	—	65%	General Catalyst	—	D
Thyme Care — Andreessen Horowitz Growth	oncology	2,022	PEAK	$350M	—	—	—	—	—	38%	a16z / General Catalyst	—	D
MedBridge — Summit Partners Buyout	health_it	2,022	PEAK	$350M	9.2x	—	—	—	—	50%	Summit Partners	—	B
Amazon One Medical — Amazon Acquisition	managed_care	2,022	PEAK	$4B	65.0x	—	—	—	—	62%	Amazon	—	C
Zing Health — General Catalyst / HCSC	managed_care	2,022	PEAK	$500M	—	—	—	—	—	2%	General Catalyst / Health Care	—	D
Interwell Health / Cricket Health Merger — KKR	dialysis	2,022	PEAK	$1B	25.0x	—	—	—	—	18%	KKR	—	B
CVS Health / Signify Health — Strategic Acquisition	managed_care	2,022	PEAK	$8B	25.0x	—	—	—	—	13%	CVS Health	—	B
Nuvation Bio — ARCH Venture / RTW Investments	oncology	2,022	PEAK	$3B	—	—	—	—	—	29%	RTW Investments / ARCH	—	D
NorthStar Anesthesia / KKR	Anesthesiology	2,022	PEAK	$2B	12.6x	—	—	—	62%	55%	KKR	National	A
AlerisLife / ABP Acquisition	Senior Living	2,022	PEAK	$100M	12.5x	0.80x	—	1.0	40%	5%	ABP Acquisition LLC (Portnoy g	National	A
Ensemble Health Partners / CD&R	Revenue Cycle Management	2,022	PEAK	$4B	11.8x	—	—	—	60%	55%	Clayton, Dubilier & Rice	National	A
Paladin / Endo device spinoff	Medical Devices	2,022	PEAK	$3B	8.0x	—	—	—	50%	60%	CPPIB / management	National	A
Marathon Health / Morgan Health (JPMorgan)	Employer Health	2,022	PEAK	$700M	15.6x	—	—	—	25%	100%	Morgan Health (JPMorgan strate	National	A
Tivity Health / Prime – Marlin Equity	Wellness / Fitness Health	2,022	PEAK	$160M	8.9x	—	—	—	58%	42%	Marlin Equity Partners	National	B
CAPA Health – GI Alliance Add-On	Gastroenterology	2,022	PEAK	$95M	8.6x	—	—	—	50%	62%	Ares Management	West	B
OrthoSouth – Alaris Capital Partners	Orthopedics	2,022	PEAK	$180M	10.0x	2.80x	38.0%	3.0	—	68%	Alaris Capital Partners	South	A
ScionHealth – Kindred LTAC Spinoff	—	2,021	PEAK	$2B	11.6x	—	—	—	—	20%	TPG Capital / Welsh Carson	—	C
Kindred at Home – Humana Full Acquisition	—	2,021	PEAK	$8B	18.0x	—	—	—	—	18%	Humana	—	C
Behavioral Health Group – Revelstoke Capital	—	2,021	PEAK	$250M	7.8x	—	—	—	—	—	Revelstoke Capital	—	C
ScionHealth – LTAC Spinoff from LifePoint/KKR	—	2,021	PEAK	$1B	8.1x	—	—	—	—	—	KKR (Scion portfolio company)	—	C
VillageMD – Walgreens Boots Alliance Strategic Investment	—	2,021	PEAK	$5B	57.8x	—	—	—	—	—	Walgreens Boots Alliance	—	D
Agilon Health – Advent International / IPO	—	2,021	PEAK	$6B	—	4.20x	38.0%	5.0	—	—	Public (IPO — NYSE: AGL)	—	C
Gentiva Health (Kindred at Home) – Humana / Clayton Dubilier	—	2,021	PEAK	$3B	12.2x	—	—	—	—	—	Clayton Dubilier & Rice / Huma	—	C
Behavioral Health Group (BHG) – GTCR Platform	—	2,021	PEAK	$450M	10.0x	—	—	—	—	—	GTCR	—	C
National Spine & Pain Centers – Avista Capital Partners	—	2,021	PEAK	$380M	9.5x	—	—	—	—	—	Avista Capital Partners	—	C
Ardent Health Services – Equity Capital (2021 refinancing)	—	2,021	PEAK	$3B	12.4x	—	—	—	—	—	Equity Group Investments / Ven	—	C
Covenant Physician Partners – USPI / Tenet acquisition	—	2,021	PEAK	$1B	11.7x	4.50x	27.0%	6.0	—	—	United Surgical Partners Inter	—	B
American Renal Associates – Acacia Research / Nuvei	—	2,021	PEAK	$865M	7.9x	—	—	—	—	—	Acacia Research / Nuvei Group	—	C
Alignment Healthcare – IPO / Warburg Pincus exit	—	2,021	PEAK	$4B	—	3.80x	30.0%	5.0	—	—	Public markets (NASDAQ: ALHC)	—	B
CareMax – IMC Medical Group SPAC Merger	—	2,021	PEAK	$2B	60.0x	—	—	—	—	—	CareMax / Deerfield Management	—	D
LabCorp – Ascension Health Labs Acquisition	—	2,021	PEAK	$400M	8.9x	—	—	—	—	—	Labcorp (Laboratory Corporatio	—	C
ChenMed – Underhill Investment Partners Minority Recapitalization	—	2,021	PEAK	$4B	16.7x	—	—	—	—	—	Underhill Investment Partners	—	C
Pediatric Associates – KKR Platform Build	—	2,021	PEAK	$2B	12.0x	—	—	—	—	—	KKR	—	C
ModivCare – Matrix Medical Network + Simplura Health Acquisitions	—	2,021	PEAK	$1B	11.7x	—	—	—	—	—	ModivCare (formerly Providence	—	C
Acadia Healthcare – Behavioral Portfolio Add-ons 2021	—	2,021	PEAK	$680M	9.4x	2.10x	19.0%	4.0	—	24%	Acadia Healthcare	—	B
Privia Health Group – IPO / Goldman Sachs / Blackstone Exit	—	2,021	PEAK	$3B	114.3x	1.80x	22.0%	4.5	—	46%	Public Market (IPO)	—	C
Agilon Health – IPO / Clayton Dubilier & Rice Exit	—	2,021	PEAK	$6B	—	0.70x	-14.0%	3.0	—	3%	Public Market (IPO)	—	B
Kindred at Home – LHC Group Acquisition (Humana Stake)	—	2,021	PEAK	$3B	13.3x	—	—	—	—	15%	LHC Group	—	C
Cano Health – SPAC / Jaws Acquisition Corp	—	2,021	PEAK	$4B	—	0.05x	-70.0%	2.5	—	8%	Jaws Acquisition Corp (SPAC)	—	B
LifeStance Health – IPO / TPG Capital Exit	—	2,021	PEAK	$7B	—	0.45x	-28.0%	3.0	—	80%	Public Market (IPO)	—	B
Netsmart Technologies – GI Partners LBO	—	2,021	PEAK	$2B	13.4x	—	—	—	—	—	GI Partners	—	C
ScionHealth – LTACH Carve-out from LifePoint / Apollo	—	2,021	PEAK	$800M	11.1x	—	—	—	—	16%	ScionHealth (Apollo-backed)	—	C
US Dermatology Partners – ABRY Partners Recapitalization	—	2,021	PEAK	$1B	11.1x	—	—	—	—	68%	ABRY Partners	—	C
Integrated Medical Group – Virtus Investment Partner	—	2,021	PEAK	$250M	8.9x	—	—	—	—	48%	Virtus Medical Group Holdings	—	C
Concentra Group Holdings – Humana Exit / Select Medical IPO	—	2,021	PEAK	$4B	14.5x	2.40x	16.0%	6.0	—	80%	Public Market (IPO) / Humana	—	B
Labcorp – Ascension Health Laboratory Services Acquisition	—	2,021	PEAK	$400M	10.0x	—	—	—	—	35%	Labcorp	—	C
ProgenyHealth – Neonatal Care Management Platform	—	2,021	PEAK	$320M	10.7x	—	—	—	—	55%	General Atlantic	—	C
Gainwell Technologies – Veritas Capital / DXC Carve-out	—	2,021	PEAK	$5B	13.2x	—	—	—	—	—	Veritas Capital	—	C
Absolute Care – UnitedHealth Group / Optum Acquisition	—	2,021	PEAK	$280M	12.7x	3.80x	32.0%	5.0	—	13%	UnitedHealth Group / Optum	—	B
Clearway Pain Solutions – Pain Management Platform	—	2,021	PEAK	$210M	8.8x	—	—	—	—	52%	Serent Capital	—	C
Shields Health Solutions – Walgreens Boots Alliance Majority Stake	—	2,021	PEAK	$2B	15.2x	3.20x	28.0%	—	—	40%	Walgreens Boots Alliance	—	B
Synchrony Health Services – Kindred + Genesis Post-Acute	—	2,021	PEAK	$280M	11.7x	—	—	—	—	10%	Synchrony Health management	—	C
ATI Physical Therapy – Advent International SPAC / Viant	—	2,021	PEAK	$3B	26.8x	0.30x	-38.0%	2.0	—	72%	Public Market (SPAC) / Advent	—	B
Pathgroup – Genoptix / Sonic Healthcare Pathology Add-on	—	2,021	PEAK	$340M	8.9x	—	—	—	—	45%	Sonic Healthcare	—	C
National Spine & Pain Centers – Sentinel Capital Platform	—	2,021	PEAK	$480M	9.6x	—	—	—	—	55%	Sentinel Capital Partners	—	C
Landmark Health – UnitedHealth Group Acquisition	—	2,021	PEAK	$2B	17.9x	3.50x	29.0%	5.0	—	4%	UnitedHealth Group	—	B
Global Medical Response – KKR / Ardian Acquisition	—	2,021	PEAK	$6B	11.2x	—	—	—	—	30%	KKR / Ardian	—	C
Sound Physicians – TPG Capital Secondary Investment	—	2,021	PEAK	$2B	13.9x	—	—	—	—	44%	TPG Capital	—	C
Bright Health Group – IPO / New Enterprise Associates Exit	—	2,021	PEAK	$11B	—	0.02x	-86.0%	2.0	—	20%	Public Market (IPO)	—	B
Array Behavioral Care – Telepsychiatry Platform Growth	—	2,021	PEAK	$380M	10.9x	—	—	—	—	30%	Warburg Pincus	—	C
InfuSystem – GTCR Secondary Buyout	—	2,021	PEAK	$600M	11.5x	—	—	—	—	60%	GTCR	—	C
CenterWell Senior Primary Care – Humana Internal Build	—	2,021	PEAK	$2B	—	—	—	—	—	5%	Humana (internal)	—	D
GI Alliance – Ares Management / HGGC Acquisition	—	2,021	PEAK	$3B	12.7x	—	—	—	—	63%	Ares Management / HGGC	—	C
VillageMD – Walgreens Boots Alliance Majority Stake	—	2,021	PEAK	$5B	—	0.30x	-37.0%	3.0	—	57%	Walgreens Boots Alliance	—	B
Tenet Healthcare – USPI Control Stake Acquisition	—	2,021	PEAK	$2B	9.0x	2.20x	17.0%	5.0	—	72%	Tenet Healthcare	—	B
Nexus Health Systems – Kelso & Company IRF Platform	—	2,021	PEAK	$540M	9.8x	—	—	—	—	20%	Kelso & Company	—	C
Landmark Health / UnitedHealth Group	—	2,021	PEAK	$4B	—	7.00x	48.0%	5.0	—	8%	UnitedHealth Group / Optum	National	C
OrthoConnecticut / Martis Capital	—	2,021	PEAK	$320M	11.4x	—	—	4.0	—	50%	Martis Capital	Northeast	B
MedBridge / TA Associates	—	2,021	PEAK	$600M	12.0x	—	—	4.0	—	—	TA Associates	National	C
BioReference Laboratories / OPKO Health Carve-Out	—	2,021	PEAK	$2B	15.0x	—	—	1.0	—	28%	Labcorp	Northeast	B
American Renal Associates / Nautic Partners	—	2,021	PEAK	$500M	13.2x	—	—	4.0	—	8%	Nautic Partners	National	B
Iora Health / One Medical Acquisition	—	2,021	PEAK	$1B	—	9.00x	55.0%	5.0	—	18%	One Medical (1Life Healthcare)	National	C
Consulate Health Care / Restructuring	—	2,021	PEAK	$400M	13.3x	0.60x	-18.0%	3.0	—	10%	CIFC / Restructured lenders	Southeast	B
Ciox Health / Datavant Merger	—	2,021	PEAK	$7B	25.0x	8.00x	52.0%	5.0	—	—	Datavant	National	B
Brookdale Senior Living / Blackstone	—	2,021	PEAK	$3B	15.0x	—	—	4.0	—	12%	Blackstone Real Estate	National	B
Sevita (formerly RHA Health) / Charlesbank	—	2,021	PEAK	$3B	14.0x	—	—	4.0	—	5%	Charlesbank Capital Partners	National	B
Cardiovascular Associates of America / Bluewave Capital	—	2,021	PEAK	$420M	11.1x	—	—	5.0	—	30%	Bluewave Capital	Southeast	B
GI Alliance / Ares Management	—	2,021	PEAK	$2B	12.9x	—	—	5.0	—	45%	Ares Management	National	B
Doctor on Demand / Grand Rounds Merger	—	2,021	PEAK	$1B	—	2.80x	30.0%	4.0	—	82%	Included Health (merged)	National	C
MEDNAX / Pediatrix Medical Group / Icahn	—	2,021	PEAK	$3B	12.2x	—	—	4.0	—	55%	Icahn Enterprises (activist st	National	B
Acadia Healthcare / Addiction Treatment Centers Add-Ons	—	2,021	PEAK	$350M	10.9x	—	—	3.0	—	40%	Acadia Healthcare	Southeast	B
Neurology Partners of America / Shore Capital	—	2,021	PEAK	$200M	11.1x	—	—	5.0	—	33%	Shore Capital Partners	Southeast	B
Clover Health / SPAC (Social Capital Hedosophia)	—	2,021	PEAK	$4B	—	0.15x	-60.0%	2.0	—	0%	Public via SPAC	National	C
Caron Treatment Centers / Riverside Company	—	2,021	PEAK	$260M	10.8x	—	—	5.0	—	65%	Riverside Company	Northeast	B
Casetabs / Insight Partners	—	2,021	PEAK	$180M	12.0x	—	—	4.0	—	—	Insight Partners	National	C
Strive Health / General Catalyst	—	2,021	PEAK	$450M	—	—	—	4.0	—	6%	General Catalyst	National	D
Medically Home / Oak HC/FT	—	2,021	PEAK	$400M	—	—	—	4.0	—	28%	Oak HC/FT	National	D
Summa Health / Fairview Health Affiliation	—	2,021	PEAK	$2B	13.6x	—	—	—	—	28%	Summa Health (joint operating	Midwest	B
Aware Recovery Care / Warburg Pincus	—	2,021	PEAK	$300M	—	—	—	4.0	—	48%	Warburg Pincus	Northeast	D
The Joint Corp / Franchise Roll-Up	—	2,021	PEAK	$400M	12.5x	—	—	—	—	40%	The Joint Corp (public franchi	National	B
Lyra Health / General Atlantic	—	2,021	PEAK	$5B	—	—	—	4.0	—	85%	General Atlantic	National	D
Sabra Health Care REIT / Holiday Retirement	—	2,021	PEAK	$2B	13.8x	—	—	—	—	7%	Sabra Health Care REIT	National	B
American Oncology Network / GTCR	—	2,021	PEAK	$850M	11.8x	—	—	5.0	—	30%	GTCR	National	B
PPD (Pharmaceutical Product Development) / Thermo Fisher	—	2,021	PEAK	$17B	12.9x	5.50x	28.0%	7.0	—	—	Thermo Fisher Scientific	National	B
IVX Health / Pharmos Capital	—	2,021	PEAK	$200M	11.1x	—	—	5.0	—	72%	Pharmos Capital	Southeast	B
RadNet / Imaging Center Acquisitions	—	2,021	PEAK	$2B	10.9x	—	—	—	—	43%	RadNet Inc. (Nasdaq: RDNT)	National	B
Color Genomics / PE Series D	—	2,021	PEAK	$470M	—	—	—	4.0	—	55%	Various PE (Series D)	National	D
Aspirion Health RCM Distressed Debt-to-Equity	RCM / health IT	2,021	PEAK	$190M	8.9x	4.40x	42.0%	3.0	—	—	Clearlake Capital Group	—	C
ATI Physical Therapy / Advent SPAC	physical_therapy	2,021	PEAK	$2B	22.0x	—	—	—	—	58%	Advent International via Fortr	—	B
LifeStance Health / TPG growth equity + IPO	behavioral_health	2,021	PEAK	$7B	—	1.50x	8.0%	4.0	—	70%	TPG Capital / public IPO	—	B
Nomi Health / Deerfield Management growth equity	health_it	2,021	PEAK	$2B	—	—	—	—	—	—	Deerfield Management	—	D
Cano Health / InTandem Capital SPAC + Humana JV	primary_care	2,021	PEAK	$4B	—	0.10x	-55.0%	3.0	—	8%	InTandem Capital Partners via	—	B
American Renal Associates / Centerbridge take-private	dialysis	2,021	PEAK	$460M	8.5x	2.20x	17.0%	4.0	—	12%	Centerbridge Partners	—	A
BioTelemetry / Philips Healthcare acquisition	cardiology	2,021	PEAK	$3B	28.0x	5.50x	38.0%	4.0	—	28%	Philips Healthcare	—	B
Spring Health / General Catalyst growth equity	behavioral_health	2,021	PEAK	$2B	—	—	—	—	—	70%	General Catalyst / Kinnevik	—	D
ModivCare / Providence Service add-on (personal care)	home_community_based	2,021	PEAK	$575M	9.9x	1.90x	13.0%	4.0	—	10%	Modivcare Inc. (public)	—	A
One Oncology / General Atlantic + US Oncology merger	oncology	2,021	PEAK	$2B	16.0x	—	—	—	—	34%	General Atlantic / US Oncology	—	B
Landmark Health — Optum Acquisition	managed_care	2,021	PEAK	$3B	20.0x	4.50x	35.0%	5.0	—	5%	Optum (UnitedHealth)	—	A
Strive Health — General Atlantic / WCAS	dialysis	2,021	PEAK	$700M	23.3x	—	—	—	—	18%	General Atlantic / WCAS	—	B
Covenant Physician Partners — Ares Management Buyout	asc	2,021	PEAK	$650M	10.8x	3.50x	52.0%	3.0	—	43%	Ares Management	—	A
RadNet — Significant Acquisition / Growth	radiology	2,021	PEAK	$2B	12.0x	2.80x	39.0%	3.0	—	38%	RadNet Management (Public, NAS	—	A
Imagine Health — Blackstone Growth Equity	managed_care	2,021	PEAK	$600M	15.0x	—	—	—	—	18%	Blackstone Growth	—	B
Iora Health — Humana Acquisition	managed_care	2,021	PEAK	$2B	30.0x	3.00x	20.0%	6.0	—	4%	One Medical (NASDAQ: ONEM)	—	A
US Dermatology Partners — BBAI / KKR Platform	physician_group	2,021	PEAK	$2B	11.3x	2.80x	30.0%	4.0	—	52%	KKR (secondary)	—	A
Northwell Health — Bond Issuance Benchmark	hospital	2,021	PEAK	$8B	14.2x	—	—	—	—	30%	Northwell Health (Bond Market)	—	B
Acrisure Health — Advent International	managed_care	2,021	PEAK	$1B	10.9x	—	—	—	—	75%	Advent International	—	B
Carbon Health — Dragoneer / OMERS Growth Equity	urgent_care	2,021	PEAK	$3B	—	—	—	—	—	65%	Dragoneer Investment Group / O	—	D
Forward — SoftBank / Founders Fund	managed_care	2,021	PEAK	$800M	—	0.00x	—	2.0	—	85%	SoftBank Vision Fund 2	—	C
Privia Health — Goldman Sachs / Vestar Capital IPO	physician_group	2,021	PEAK	$3B	40.0x	3.50x	28.0%	5.0	—	45%	IPO / Existing Investors	—	A
Nomi Health Direct Care — TPG / Goldman Growth	managed_care	2,021	PEAK	$1B	16.7x	—	—	—	—	70%	TPG / Goldman Sachs Growth	—	B
Walmart Health — Walmart (Strategic) Shutdown	managed_care	2,021	PEAK	$2B	—	0.00x	—	3.0	—	50%	Walmart (Internal Investment)	—	C
Spring Health — Teachers' VC / General Catalyst	behavioral_health	2,021	PEAK	$2B	—	—	—	—	—	80%	Teachers' Venture Growth / Gen	—	D
Hims & Hers Health — Oaktree / Clients	health_it	2,021	PEAK	$2B	—	1.50x	15.0%	3.0	—	25%	Public (NYSE: HIMS) via SPAC	—	B
Papa Inc — Comcast / Tiger Global	managed_care	2,021	PEAK	$1B	—	—	—	—	—	5%	Comcast / Tiger Global	—	D
Cedar Gate Technologies — Warburg Pincus	health_it	2,021	PEAK	$600M	10.9x	—	—	—	—	45%	Warburg Pincus	—	B
Array Behavioral Care — General Catalyst / Summit	behavioral_health	2,021	PEAK	$500M	11.9x	—	—	—	—	35%	Summit Partners / General Cata	—	B
Smile Brands / Gryphon Investors	Dental	2,021	PEAK	$950M	10.0x	—	—	—	58%	65%	Gryphon Investors	National	A
apree health / Welsh Carson	Employer Health	2,021	PEAK	$380M	17.3x	—	—	—	30%	100%	Welsh Carson Anderson & Stowe	National	A
VillageMD / Walgreens Health	Primary Care	2,021	PEAK	$5B	61.2x	0.30x	—	3.0	20%	50%	Walgreens Boots Alliance (stra	National	A
ClearChoice Dental Implant Centers / Ares Management	Dental	2,021	PEAK	$2B	12.0x	—	—	—	60%	25%	Ares Management	National	A
Acadia Healthcare Acquisition Program / Waud Capital	Behavioral Health	2,021	PEAK	$1B	10.0x	—	—	—	60%	30%	Waud Capital Partners	National	A
Cano Health / SPAC / Chapter 11	Primary Care	2,021	PEAK	$4B	73.3x	0.05x	—	3.0	35%	10%	InTandem Capital / SPAC	Southeast	A
LifeStance Health / TPG SPAC	Behavioral Health	2,021	PEAK	$7B	—	—	—	—	15%	75%	TPG / SPAC public	National	B
US Eye / Audax Private Equity	Ophthalmology	2,021	PEAK	$780M	10.8x	—	—	—	58%	50%	Audax Private Equity	Southeast	A
The Oncology Institute / Advent International	Oncology	2,021	PEAK	$2B	45.0x	0.30x	—	2.0	20%	40%	Advent International	West Coast	A
Alignment Healthcare / Warburg Pincus → IPO	Medicare Advantage	2,021	PEAK	$4B	—	1.20x	6.0%	3.0	15%	8%	Public market investors	California	A
Greenbrook TMS – Mental Health Roll-Up (Distressed)	Behavioral Health	2,021	PEAK	$110M	12.2x	0.40x	-28.0%	2.5	72%	55%	CDPQ / FFL Partners	National	A
Caremax – Deerfield / SPAC Distressed	Value-Based Care	2,021	PEAK	$420M	—	0.10x	-55.0%	2.5	80%	10%	Deerfield Management	Southeast	B
Primoris Dental – OMERS / Platform	Dental	2,021	PEAK	$130M	9.3x	—	—	—	52%	72%	OMERS Private Equity	Midwest	B
Smile Brands – Berkshire Partners recapitalization	Dental	2,021	PEAK	$900M	12.5x	2.50x	26.0%	4.0	—	68%	Berkshire Partners	West	A
Pediatrix Medical Group – CCMP Capital	Physician Practice	2,021	PEAK	$3B	10.7x	2.20x	22.0%	4.0	60%	50%	CCMP Capital	National	A
OrthoConnecticut – Revelstoke Capital	Orthopedics	2,021	PEAK	$250M	8.9x	3.50x	38.0%	3.5	—	72%	Revelstoke Capital	Northeast	A
CRH Medical – Ares Management take-private	Gastroenterology	2,021	PEAK	$830M	10.4x	2.60x	30.0%	3.5	60%	60%	Ares Management	National	A
Atrium Health + Wake Forest Baptist Medical Center	—	2,020	CONTRACTION	$6B	13.1x	—	—	—	—	36%	Atrium Health	—	C
MultiPlan – Churchill Capital SPAC Merger	—	2,020	CONTRACTION	$11B	12.9x	3.20x	24.0%	6.0	—	100%	Churchill Capital Corp III (SP	—	B
Acuity Healthcare – HHS Acute Care Community Platform	—	2,020	CONTRACTION	$350M	9.2x	—	—	—	—	28%	Acuity Healthcare LP (family o	—	C
MEDNAX – Radiology Segment Sale to Envision / PE	—	2,020	CONTRACTION	$885M	8.4x	—	—	—	—	—	Radiology Partners / Welsh Car	—	C
Privia Health Group – Advent International	—	2,020	CONTRACTION	$2B	29.1x	3.10x	33.0%	4.0	—	—	Advent International / IPO	—	B
MEDNAX Radiology / Radiology Partners split-off	—	2,020	CONTRACTION	$885M	10.4x	—	—	—	—	—	New Mountain Capital / MEDNAX	—	C
Premise Health – Warburg Pincus (employer health centers)	—	2,020	CONTRACTION	$1B	12.6x	—	—	—	—	—	Warburg Pincus	—	C
Teladoc Health – Livongo Acquisition	—	2,020	CONTRACTION	$18B	—	—	—	—	—	—	Teladoc Health (TDOC)	—	D
InfuSystem Holdings – GTCR Acquisition	—	2,020	CONTRACTION	$340M	8.9x	—	—	—	—	—	GTCR	—	C
Smile Brands – Gryphon Investors LBO	—	2,020	CONTRACTION	$480M	8.7x	—	—	—	—	58%	Gryphon Investors	—	C
US Renal Care – DaVita Acquisition (DOJ Blocked)	—	2,020	CONTRACTION	$2B	12.2x	—	—	—	—	14%	DaVita	—	C
Mednax Radiology Solutions – Radiology Partners Carve-out	—	2,020	CONTRACTION	$885M	10.1x	—	—	—	—	50%	Radiology Partners	—	C
Paradigm Oral Surgery – Cressey & Company Platform Creation	—	2,020	CONTRACTION	$290M	9.1x	—	—	—	—	65%	Cressey & Company	—	C
Acuity Eye Group – FFL Partners Platform	—	2,020	CONTRACTION	$380M	9.0x	—	—	—	—	44%	FFL Partners	—	C
Upstream Rehabilitation – Goldner Hawn / GTCR	—	2,020	CONTRACTION	$700M	10.8x	—	—	—	—	62%	GTCR	—	C
Pediatric Associates – KKR Platform Investment	—	2,020	CONTRACTION	$600M	10.9x	—	—	—	—	45%	KKR	—	C
Integrated Oncology Network – BDT Capital Platform	—	2,020	CONTRACTION	$520M	9.5x	—	—	—	—	37%	BDT Capital Partners	—	C
Tivity Health – Foley & Lardner / Spire Capital LBO	—	2,020	CONTRACTION	$660M	7.8x	2.30x	19.0%	3.0	—	13%	Spire Capital Partners	—	B
Paladina Health – DaVita Primary Care Spin / Village MD	—	2,020	CONTRACTION	$350M	—	1.80x	20.0%	3.0	—	60%	Various (management buyout)	—	B
Fresenius Medical Care – NephroCare Dialysis Add-ons	—	2,020	CONTRACTION	$950M	10.8x	—	—	—	—	12%	Fresenius Medical Care	—	C
Behavioral Health Group – Webster Equity Platform LBO	—	2,020	CONTRACTION	$400M	8.9x	—	—	—	—	30%	Webster Equity Partners	—	C
Advanced Dermatology / L Catterton	—	2,020	CONTRACTION	$950M	11.2x	3.20x	34.0%	4.0	—	58%	L Catterton Partners	Southeast	B
Quorum Health / Bankruptcy Acquisition	—	2,020	CONTRACTION	$250M	12.5x	0.70x	-12.0%	3.0	—	20%	Various (credit bidders)	Southeast	B
VITAS Healthcare / Chemed	—	2,020	CONTRACTION	$3B	10.3x	—	—	—	—	2%	Chemed Corporation	National	B
WellCare Health Plans / Centene Acquisition	—	2,020	CONTRACTION	$17B	15.7x	—	—	—	—	2%	Centene Corporation	National	B
Essentia Health / Rural Minnesota System	—	2,020	CONTRACTION	$800M	14.5x	—	—	—	—	22%	Essentia Health	Midwest	B
Diplomat Pharmacy / UnitedHealth OptumRx	—	2,020	CONTRACTION	$300M	20.0x	—	—	1.0	—	53%	UnitedHealth / OptumRx	Midwest	B
Behavioral Health Group / Shore Capital	—	2,020	CONTRACTION	$220M	11.0x	4.20x	38.0%	5.0	—	45%	Shore Capital Partners	Southeast	B
TeamHealth / Blackstone Secondary	—	2,020	CONTRACTION	$6B	12.9x	2.50x	20.0%	5.0	—	43%	Blackstone (secondary from Bla	National	B
United Urology Group / Frazier Healthcare	—	2,020	CONTRACTION	$380M	10.9x	—	—	5.0	—	38%	Frazier Healthcare Partners	Mid-Atlantic	B
Veracyte / PE Growth Investment	—	2,020	CONTRACTION	$800M	—	5.50x	53.0%	4.0	—	48%	Various PE (growth round)	National	C
BrightSpring Home Services / KKR Add-Ons	—	2,020	CONTRACTION	$400M	13.3x	—	—	2.0	—	8%	KKR / BrightSpring	Midwest	B
Arcadia / Warburg Pincus	—	2,020	CONTRACTION	$500M	14.3x	—	—	4.0	—	—	Warburg Pincus	National	C
National Spine & Pain Centers / Excellere Partners	—	2,020	CONTRACTION	$280M	10.0x	—	—	5.0	—	50%	Excellere Partners	Mid-Atlantic	B
Talkspace / PE Pre-IPO Investment	—	2,020	CONTRACTION	$400M	—	0.60x	-22.0%	2.0	—	75%	Various PE (pre-SPAC)	National	C
SpineMark / Revelstoke Capital	—	2,020	CONTRACTION	$320M	10.7x	—	—	5.0	—	45%	Revelstoke Capital Partners	Midwest	B
InVivo Therapeutics / PACE Acquisition	—	2,020	CONTRACTION	$150M	12.5x	2.80x	23.0%	5.0	—	0%	CareCore National / InVivo	Northeast	B
Pacific Dental Services / Warburg Pincus	—	2,020	CONTRACTION	$2B	12.9x	—	—	5.0	—	68%	Warburg Pincus	West	B
Silverado Senior Living / Summit Healthcare REIT	—	2,020	CONTRACTION	$450M	11.8x	—	—	—	—	8%	Summit Healthcare REIT	West	B
Healthcare Fund LP Secondary / Lexington Partners	—	2,020	CONTRACTION	$600M	10.9x	2.30x	27.0%	3.0	—	—	Lexington Partners	National	B
Modivcare / Providence Service Corp Rebranding	—	2,020	CONTRACTION	$1B	13.3x	—	—	—	—	10%	Public (Nasdaq: MODV)	National	B
RxBenefits / Welsh Carson	—	2,020	CONTRACTION	$650M	11.8x	—	—	5.0	—	—	Welsh Carson Anderson & Stowe	Southeast	C
Livongo Health / Teladoc Merger	—	2,020	CONTRACTION	$18B	—	0.30x	-45.0%	2.0	—	80%	Teladoc Health	National	C
Falck / US EMS Expansion	—	2,020	CONTRACTION	$800M	12.3x	—	—	—	—	30%	Falck Group (Danish)	National	B
Cornerstone OnDemand / Healtheon Telehealth Growth Equity	telehealth	2,020	CONTRACTION	$320M	—	1.80x	22.0%	3.0	—	60%	TA Associates	—	C
CarepathRx Specialty Pharmacy Joint Venture	pharmacy / specialty pharmacy	2,020	CONTRACTION	$275M	13.2x	3.00x	26.0%	4.0	—	48%	Warburg Pincus	—	A
One Medical / Agilon Primary Care Platform	primary_care	2,020	CONTRACTION	$3B	—	3.20x	26.0%	5.0	—	65%	Public IPO (One Medical) / var	—	B
Pediatric Associates / Centerbridge + Humana JV	pediatrics	2,020	CONTRACTION	$2B	18.0x	—	—	—	—	55%	Centerbridge Partners / Humana	—	B
Acuitas Health / WCAS physician enablement platform	value_based_care	2,020	CONTRACTION	$450M	—	—	—	—	—	28%	Welsh Carson Anderson & Stowe	—	D
Lifespace Communities / Ryan Companies senior living	senior_living	2,020	CONTRACTION	$850M	13.1x	2.10x	16.0%	4.0	—	5%	Ryan Companies / Welltower REI	—	A
Adreima / Revenue Cycle Management add-on (Ensemble Health)	rcm	2,020	CONTRACTION	$2B	20.0x	—	—	—	—	—	Ensemble Health Partners / Gol	—	C
Altus Healthcare + Rehab / Revelstoke Capital add-on	physical_therapy	2,020	CONTRACTION	$180M	10.0x	2.80x	23.0%	4.0	—	58%	Revelstoke Capital Partners	—	A
Acuity Brands Healthcare / Industrial lighting spin	ltach_post_acute	2,020	CONTRACTION	$800M	8.0x	2.30x	18.0%	4.0	—	13%	TPG Capital / Searchlight Capi	—	A
WellCare / Centene merger (second deal)	managed_care	2,020	CONTRACTION	$17B	16.0x	3.20x	26.0%	4.0	—	6%	Centene Corporation	—	A
Tivity Health / Donaldson Lufkin Jenrette secondary	digital_health	2,020	CONTRACTION	$660M	8.5x	2.50x	20.0%	4.0	—	14%	Marlin Equity Partners	—	A
IPC Systems / CareMore merger (telehealth ICU era)	telehealth	2,020	CONTRACTION	$1B	—	2.00x	14.0%	5.0	—	45%	Teladoc Health	—	B
Caliber Imaging / pathology AI growth equity	diagnostics	2,020	CONTRACTION	$450M	—	—	—	—	—	45%	General Atlantic / Bessemer Ve	—	D
Apria Healthcare — Blackstone Take-Private (2nd)	dme_home_health	2,020	CONTRACTION	$2B	9.1x	2.10x	46.0%	2.0	—	28%	Blackstone Group	—	A
Acute Care Staffing (AMN Healthcare) — AMN Acquisition	health_it	2,020	CONTRACTION	$330M	9.4x	—	—	—	—	55%	AMN Healthcare (Public)	—	B
ModivCare (Providence Service) — HCBS Platform	home_health	2,020	CONTRACTION	$1B	10.5x	2.50x	36.0%	3.0	—	22%	ModivCare Management (strategi	—	A
AFC Urgent Care — Warburg Pincus Investment	urgent_care	2,020	CONTRACTION	$450M	11.2x	3.50x	37.0%	4.0	—	62%	Warburg Pincus	—	A
LIFE Course (Enable Healthcare) — Summit Partners Growth	managed_care	2,020	CONTRACTION	$400M	13.3x	—	—	—	—	10%	Summit Partners	—	B
Teladoc Health — Blackstone / HHBF Acquisition	health_it	2,020	CONTRACTION	$18B	92.5x	0.20x	—	3.0	—	75%	Teladoc Health (NASDAQ: TDOC)	—	B
Compassus — Warburg Pincus Majority Investment	hospice	2,020	CONTRACTION	$1B	10.0x	3.20x	38.0%	4.0	—	6%	Warburg Pincus (secondary with	—	A
Aledade — Andreessen Horowitz / Health Care Service	managed_care	2,020	CONTRACTION	$3B	37.5x	—	—	—	—	18%	a16z / HCSC / Alphabet Venture	—	B
aptihealth — Nuvation Growth Fund / VCAS	behavioral_health	2,020	CONTRACTION	$200M	—	—	—	—	—	40%	Nuvation Growth Fund / Welsh C	—	D
Acuitas Health — Symphony Health / IQVia	health_it	2,020	CONTRACTION	$210M	9.5x	3.00x	44.0%	3.0	—	65%	Symphony Health / IQVIA	—	A
DispatchHealth — Echo Health Ventures / Humana	managed_care	2,020	CONTRACTION	$700M	—	—	—	—	—	30%	Echo Health Ventures / Humana	—	D
Trean Corporation — Insurance Specialty Health	managed_care	2,020	CONTRACTION	$600M	9.2x	2.50x	20.0%	5.0	—	82%	Public / Sponsor Partial Exit	—	A
naviHealth — Optum Acquisition	health_it	2,020	CONTRACTION	$2B	13.9x	3.20x	26.0%	5.0	—	18%	Optum / UnitedHealth	—	A
Comprehensive Pharmacy Services / OMERS	Specialty Pharmacy	2,020	CONTRACTION	$520M	9.0x	3.10x	33.0%	4.0	55%	35%	OMERS Private Equity	National	A
Arcadian Management Services / Nautic Partners	Behavioral Health	2,020	CONTRACTION	$320M	9.1x	3.80x	56.0%	3.0	52%	25%	Nautic Partners	Southeast	A
OrthoAmerica Spine / Clearfield Capital	Orthopedics	2,020	CONTRACTION	$320M	8.4x	3.20x	47.0%	3.0	52%	62%	Clearfield Capital	Southeast	A
Radiology Partners / New Enterprise Associates II	Radiology	2,020	CONTRACTION	$3B	16.7x	—	—	—	65%	50%	New Enterprise Associates	National	A
PatientPoint / Warburg Pincus	Health IT	2,020	CONTRACTION	$600M	10.0x	—	—	—	45%	100%	Warburg Pincus	National	A
Pediatric Associates – KKR Platform	Pediatrics	2,020	CONTRACTION	$820M	11.4x	2.60x	27.0%	4.0	60%	55%	KKR	Southeast	A
Navvis & Company – Health System Consulting LBO	Healthcare Consulting	2,020	CONTRACTION	$75M	8.3x	2.90x	36.0%	3.5	45%	65%	Summit Partners	Midwest	A
American Physician Partners – Distressed Exit	Emergency Medicine	2,020	CONTRACTION	$350M	12.5x	0.60x	-18.0%	2.8	72%	42%	TPG Capital	National	A
Advanced Dermatology – ACON / GIC Roll-Up	Dermatology	2,020	CONTRACTION	$480M	11.4x	—	—	—	58%	65%	ACON Investments / GIC	National	B
Hims & Hers – Oaktree / Pre-SPAC	Telehealth / DTC	2,020	CONTRACTION	$165M	—	3.60x	82.0%	2.0	15%	35%	Oaktree Capital	National	B
Schweiger Dermatology – InTandem Capital	Dermatology	2,020	CONTRACTION	$380M	10.0x	3.40x	31.0%	4.5	52%	82%	InTandem Capital	Northeast	A
Women's Health USA – Frazier Healthcare Partners	Women's Health	2,020	CONTRACTION	$320M	10.7x	3.20x	29.0%	4.5	—	70%	Frazier Healthcare Partners	Northeast	A
Gastro Health – KKR add-on platform	Gastroenterology	2,020	CONTRACTION	$1B	11.6x	2.90x	30.0%	4.0	58%	58%	KKR	Southeast	A
BrightSpring Health Services – KKR Platform	—	2,019	EXPANSION	$2B	12.8x	1.90x	14.0%	5.0	—	18%	KKR	—	B
CommonSpirit Health – Dignity Health + CHI Merger	—	2,019	EXPANSION	$29B	16.1x	—	—	—	—	36%	CommonSpirit Health (combined	—	C
PHC Inc / Behavioral Health Network – Sequel Youth and Family Services	—	2,019	EXPANSION	$180M	8.2x	—	—	—	—	30%	Sequel Youth & Family Services	—	C
RCCH HealthCare Partners + LifePoint Health Merger	—	2,019	EXPANSION	$8B	11.1x	—	—	—	—	29%	LifePoint Health (KKR)	—	C
BrightSpring Health Services – KKR	—	2,019	EXPANSION	$2B	10.0x	1.80x	13.0%	4.5	—	—	KKR	—	B
Tivity Health – Welsh Carson Buyout	—	2,019	EXPANSION	$635M	6.7x	1.40x	10.0%	3.5	—	—	Welsh Carson Anderson & Stowe	—	B
Civitas Solutions / Public Shareholders	—	2,019	EXPANSION	$1B	8.8x	—	—	—	—	—	A-G Capital Partners (manageme	—	C
Centurion Health – American Securities acquisition	—	2,019	EXPANSION	$320M	10.0x	—	—	—	—	—	American Securities	—	C
Option Care Health – Walgreens Infusion Services Carve-out	—	2,019	EXPANSION	$580M	12.1x	2.80x	24.0%	3.5	—	50%	Option Care Health	—	B
SurgCenter Development / Warburg Pincus	—	2,019	EXPANSION	$450M	11.2x	3.80x	31.0%	5.0	—	56%	Warburg Pincus	Southeast	B
UCSF Benioff Children's / Joint Venture	—	2,019	EXPANSION	$400M	—	—	—	—	—	44%	Dignity Health (JV partner)	West	D
InnovaCare Health / TPG	—	2,019	EXPANSION	$1B	12.2x	2.80x	23.0%	5.0	—	2%	TPG Capital	Southeast	B
Elara Caring / BPEA	—	2,019	EXPANSION	$1B	13.3x	2.10x	16.0%	5.0	—	8%	BPEA (formerly BPEA EQT)	Midwest	B
Centurion Health / Wexford Health Merger	—	2,019	EXPANSION	$300M	10.7x	2.40x	19.0%	5.0	—	0%	MHM Services (operator)	National	B
BioScrip / Option Care (Merger)	—	2,019	EXPANSION	$2B	15.7x	3.10x	33.0%	4.0	—	55%	Option Care Health (post-merge	National	B
ChenMed / Frist Cressey Growth Investment	—	2,019	EXPANSION	$1B	14.3x	—	—	4.0	—	5%	Frist Cressey Ventures	Southeast	B
Parallon / HCA Spin-Out	—	2,019	EXPANSION	$2B	11.1x	—	—	—	—	—	Parallon (HCA captive → extern	Southeast	C
Prime Therapeutics / BCBS PBM JV	—	2,019	EXPANSION	$2B	12.5x	—	—	—	—	70%	BCBS Plans (JV owner)	National	B
AdaptHealth / Goldman Sachs BDC	—	2,019	EXPANSION	$900M	12.9x	2.00x	26.0%	3.0	—	22%	AdaptHealth (SPAC acquisition)	National	B
Healogics / Arsenal Capital	—	2,019	EXPANSION	$750M	12.5x	2.90x	24.0%	5.0	—	21%	Arsenal Capital Partners	National	B
Waystar / EQT	—	2,019	EXPANSION	$3B	13.5x	—	—	5.0	—	—	EQT Partners	National	C
NVA (National Veterinary Associates) / JAB Holding	—	2,019	EXPANSION	$3B	13.2x	3.00x	25.0%	5.0	—	20%	JAB Holding Company	National	B
HearingLife / Demant	—	2,019	EXPANSION	$600M	12.5x	—	—	—	—	30%	Demant (Danish hearing aid com	National	B
CCRM / Weinberg Capital	—	2,019	EXPANSION	$500M	11.1x	3.50x	29.0%	5.0	—	45%	Weinberg Capital Group	National	B
CommonWell Health Alliance / HIT Infrastructure	—	2,019	EXPANSION	$300M	13.6x	—	—	—	—	—	Various health IT consortia	National	C
Outset Medical / PE Growth Round	—	2,019	EXPANSION	$500M	—	4.50x	65.0%	3.0	—	16%	Various PE (Series D)	National	C
Sonic Healthcare / Pathology Australia Expansion	—	2,019	EXPANSION	$900M	10.6x	—	—	—	—	33%	Sonic Healthcare	National	B
Sequel Youth and Family Services / Juggernaut Capital	—	2,019	EXPANSION	$280M	10.0x	—	—	4.0	—	30%	Juggernaut Capital Partners	National	B
NextCare Urgent Care / Wellspring Capital	—	2,019	EXPANSION	$550M	11.5x	3.00x	25.0%	5.0	—	64%	Wellspring Capital Management	Southwest	B
Accolade Health / PE Pre-IPO Round	—	2,019	EXPANSION	$600M	—	3.80x	87.0%	2.0	—	—	Various PE (pre-IPO)	National	C
Optum / DaVita Medical Group	—	2,019	EXPANSION	$5B	12.9x	—	—	—	—	33%	UnitedHealth / Optum	West	B
GoHealth / Centerbridge Partners	—	2,019	EXPANSION	$2B	10.0x	1.30x	14.0%	2.0	—	0%	Centerbridge Partners	National	B
iRhythm Technologies / Pre-IPO Round	—	2,019	EXPANSION	$600M	—	5.00x	124.0%	2.0	—	50%	Various PE (Series E)	National	C
Smile Brands Dental Group Recapitalization	dental	2,019	EXPANSION	$680M	12.4x	1.20x	6.0%	4.0	—	55%	Gryphon Investors	—	A
National Veterinary Associates Add-On to QVCP	veterinary (animal health)	2,019	EXPANSION	$2B	18.5x	3.80x	31.0%	4.0	—	—	KKR	—	B
BrightSpring Health Services Home & Community Care LBO	home health / community-based care	2,019	EXPANSION	$1B	10.8x	2.60x	21.0%	4.5	—	18%	KKR	—	A
Women's Care Enterprises OB/GYN Rollup	women's health	2,019	EXPANSION	$95M	9.5x	5.10x	43.0%	4.0	—	60%	Shore Capital Partners	—	A
Behavioral Health Group / Frontenac add-on acquisition	behavioral_health	2,019	EXPANSION	$85M	8.5x	3.40x	28.0%	4.0	—	30%	Frontenac Company	—	A
TridentCare / Gridiron Capital LBO	mobile_diagnostics	2,019	EXPANSION	$475M	13.0x	3.50x	30.0%	4.0	—	17%	Gridiron Capital	—	A
US Physical Therapy / Kelso & Company add-on wave	physical_therapy	2,019	EXPANSION	$700M	14.0x	1.60x	11.0%	4.0	—	55%	Kelso & Company	—	A
DaVita Medical Group / Optum carve-out (VillageMD era)	primary_care	2,019	EXPANSION	$5B	25.0x	3.50x	29.0%	4.0	—	8%	Optum / UnitedHealth Group	—	A
Pivot Health / Deerfield acquisition + platform build	managed_care	2,019	EXPANSION	$180M	—	2.00x	15.0%	4.0	—	75%	Deerfield Management	—	B
Surgical Directions / Waud Capital LBO	asc	2,019	EXPANSION	$200M	11.8x	3.80x	33.0%	4.0	—	65%	Waud Capital Partners	—	A
BioSig Technologies / cardiac electrophysiology growth	cardiology	2,019	EXPANSION	$200M	—	0.40x	-18.0%	5.0	—	42%	Multiple VC / Windtree Therape	—	B
Navicent Health / Atrium Health merger	hospital	2,019	EXPANSION	$1B	8.0x	2.00x	14.0%	5.0	—	25%	Atrium Health	—	A
CHC Healthcare / CareFlight Air Medical acquisition	ems	2,019	EXPANSION	$3B	11.0x	1.80x	12.0%	5.0	—	30%	Global Medical Response (AMR/A	—	A
Fresenius Kabi / NxStage Medical acquisition	dialysis	2,019	EXPANSION	$2B	25.0x	3.80x	31.0%	5.0	—	10%	Fresenius Medical Care	—	A
Dermatology Associates / Harvest Partners roll-up	physician_group	2,019	EXPANSION	$350M	10.0x	3.80x	32.0%	4.0	—	65%	Harvest Partners	—	A
Cotiviti / Veritas Capital secondary (post-Healtheon)	health_it	2,019	EXPANSION	$5B	24.0x	—	—	—	—	—	Carlyle Group	—	C
PharMerica / BrightSpring merger (KKR + Walgreens)	pharmacy	2,019	EXPANSION	$3B	12.0x	2.80x	22.0%	4.0	—	12%	KKR / Walgreens Boots Alliance	—	A
DaVita Medical Group — UnitedHealth Group Acquisition	physician_group	2,019	EXPANSION	$5B	17.5x	—	—	—	—	52%	UnitedHealth Group / Optum	—	B
BrightSpring Health Services — KKR Take-Private	home_health	2,019	EXPANSION	$1B	10.0x	2.80x	22.0%	5.0	—	12%	KKR	—	A
Smile Brands — OMERS / Gryphon Investors Buyout	dental	2,019	EXPANSION	$550M	10.0x	2.20x	22.0%	4.0	—	50%	OMERS Private Equity / Gryphon	—	A
National Mentor — Centerbridge / Vistria Group Acquisition	behavioral_health	2,019	EXPANSION	$2B	11.0x	3.20x	26.0%	5.0	—	15%	Centerbridge Partners / Vistri	—	A
Lifespace Communities — Senior Living REITization	snf	2,019	EXPANSION	$2B	16.7x	—	—	—	—	30%	Welltower / Lifespace JV	—	B
Option Care Health — HC Group Holdings / BioScrip Merger	dme_home_health	2,019	EXPANSION	$2B	13.0x	3.00x	32.0%	4.0	—	46%	Walgreens / Madison Dearborn (	—	A
Summit Pacific Medical Center — Rural Hospital Distressed Sale	hospital	2,019	EXPANSION	$85M	10.6x	0.60x	—	3.0	—	16%	Quorum Health Group	—	B
American Family Care — Deerfield Management Investment	urgent_care	2,019	EXPANSION	$540M	11.2x	3.00x	32.0%	4.0	—	60%	Deerfield Management	—	A
Shields Health Solutions — Oak HC/FT Buyout	health_it	2,019	EXPANSION	$320M	10.7x	5.00x	71.0%	3.0	—	55%	Oak HC/FT	—	A
Surgical Notes — Providence Equity Buyout	health_it	2,019	EXPANSION	$230M	9.2x	4.00x	41.0%	4.0	—	48%	Providence Equity Partners	—	A
Sutter Health / Catholic Health — Non-Profit Benchmark	hospital	2,019	EXPANSION	$6B	17.1x	—	—	—	—	34%	N/A (not-for-profit affiliatio	—	B
Viant Medical / Integer Holdings — Medical Device Mfg LBO	health_it	2,019	EXPANSION	$850M	8.9x	2.20x	22.0%	4.0	—	55%	Clayton Dubilier & Rice	—	A
Beacon Health Options — FCP Euro / Anthem	behavioral_health	2,019	EXPANSION	$1B	10.5x	2.50x	20.0%	5.0	—	30%	Anthem (BCBS)	—	A
Global Indemnity Group — Starr Companies Acquisition	managed_care	2,019	EXPANSION	$690M	10.6x	—	—	—	—	90%	Starr Companies	—	B
Central Logic / Appriss Health — Roper Technologies	health_it	2,019	EXPANSION	$1B	10.8x	3.00x	25.0%	5.0	—	45%	Roper Technologies (Public, NA	—	A
Tivity Health (Healthways) — Kelso & Company	managed_care	2,019	EXPANSION	$700M	9.3x	1.50x	11.0%	4.0	—	16%	Kelso & Company	—	A
Oak Street Health — General Atlantic / Anchor Growth	managed_care	2,019	EXPANSION	$3B	33.8x	2.80x	68.0%	2.0	—	3%	General Atlantic (secondary)	—	A
NovaBay / Wellvibe — Wound Care Rx	physician_group	2,019	EXPANSION	$180M	10.0x	3.50x	37.0%	4.0	—	25%	Woundtech / WCAS	—	A
DocuSystems / Nuvolo — HCIT CMMS Platforms	health_it	2,019	EXPANSION	$300M	10.7x	4.00x	41.0%	4.0	—	70%	Warburg Pincus	—	A
myClinicalExchange — HealthStream Acquisition	health_it	2,019	EXPANSION	$90M	9.0x	—	—	—	—	60%	HealthStream (NASDAQ: HSTM)	—	B
Covenant Physician Partners / Quad-C	Anesthesiology	2,019	EXPANSION	$450M	8.7x	4.20x	61.0%	3.0	55%	60%	Quad-C Management	Southeast	A
BrightSpring Health Services / KKR	Home & Community Health	2,019	EXPANSION	$3B	11.4x	1.80x	12.0%	5.0	65%	15%	KKR	National	A
National Spine & Pain Centers / Waud Capital	Pain Management	2,019	EXPANSION	$680M	9.4x	3.40x	50.0%	3.0	57%	55%	Waud Capital Partners	Mid-Atlantic	A
Waystar / EQT Partners	Revenue Cycle Management	2,019	EXPANSION	$3B	12.3x	3.80x	31.0%	5.0	58%	65%	EQT Partners	National	A
EyeCare Partners / FFL Partners II	Ophthalmology	2,019	EXPANSION	$2B	11.5x	—	—	—	60%	55%	FFL Partners	National	A
Shields Health Solutions / Summit Partners exit	Specialty Pharmacy	2,019	EXPANSION	$600M	10.0x	5.00x	124.0%	2.0	45%	55%	Summit Partners	National	A
InfuSystem / BCPE Empire Holdings	Home Infusion	2,019	EXPANSION	$460M	8.4x	—	—	—	60%	45%	BCPE Empire Holdings (Bain Cap	National	A
ChenMed / Welsh Carson	Primary Care	2,019	EXPANSION	$2B	15.0x	—	—	—	30%	10%	Welsh Carson Anderson & Stowe	Southeast	A
Agiliti / Thomas H. Lee Partners	Healthcare Equipment Services	2,019	EXPANSION	$1B	10.0x	2.90x	30.0%	4.0	58%	55%	Thomas H. Lee Partners	National	A
NovaBay Pharmaceuticals – THL Partners RCM Carve-Out	Healthcare IT / RCM	2,019	EXPANSION	$90M	8.6x	2.20x	24.0%	3.8	55%	72%	THL Partners	West	A
Covenant Physician Partners – Warburg Pincus Hospital-Based	Hospital-Based Physician Groups	2,019	EXPANSION	$650M	11.8x	3.20x	35.0%	4.2	58%	48%	Warburg Pincus	Southeast	A
Phreesia – PSG / SaaS Healthcare	Healthcare IT / RCM	2,019	EXPANSION	$300M	15.0x	4.80x	67.0%	3.0	20%	85%	PSG Equity (Growth)	Northeast	A
Aspen Dental – Ontario Teachers / Leonard Green LBO	Dental	2,019	EXPANSION	$2B	14.2x	3.10x	25.0%	5.0	58%	72%	Ontario Teachers / Leonard Gre	National	A
Eye Health America – Quad-C Management LBO	Ophthalmology	2,019	EXPANSION	$200M	11.1x	3.00x	32.0%	4.0	—	48%	Quad-C Management	Southeast	A
US Fertility – Amulet Capital Partners platform	Fertility	2,019	EXPANSION	$550M	10.0x	3.20x	34.0%	4.0	52%	80%	Amulet Capital Partners	National	A
National Spine & Pain Centers – Blue Wolf Capital	Pain Management	2,019	EXPANSION	$240M	10.0x	2.70x	28.0%	4.0	—	55%	Blue Wolf Capital	Mid-Atlantic	A
Envision Healthcare – KKR Buyout	—	2,018	EXPANSION	$10B	14.6x	0.05x	-44.0%	5.0	—	36%	KKR	—	B
LifePoint Health – KKR Buyout	—	2,018	EXPANSION	$6B	9.0x	—	—	—	—	29%	KKR	—	C
Kindred Healthcare – TPG / Welsh Carson / Humana Buyout	—	2,018	EXPANSION	$4B	12.8x	1.40x	12.0%	3.0	—	19%	TPG Capital / Welsh Carson / H	—	B
Advocate Health + Aurora Health Care Merger	—	2,018	EXPANSION	$11B	10.5x	—	—	—	—	42%	Advocate Aurora Health (combin	—	C
Encompass Health – HealthSouth Rehabilitation Rebranding / PE Exit	—	2,018	EXPANSION	$7B	8.3x	—	—	—	—	20%	Public shareholders (NYSE: EHC	—	C
Kindred at Home – TPG / Welsh Carson Partial Exit via JV with Humana	—	2,018	EXPANSION	$4B	14.3x	—	—	3.0	—	18%	Humana (40% JV stake)	—	B
Sound Physicians – TPG Capital Buyout	—	2,018	EXPANSION	$2B	12.2x	—	—	—	—	30%	TPG Capital	—	C
Kindred Healthcare 2 – TPG/Welsh Carson/Humana	—	2,018	EXPANSION	$4B	10.0x	—	—	—	—	—	TPG / Welsh Carson / Humana	—	C
Mountain States Health Alliance + Wellmont → Ballad Health	—	2,018	EXPANSION	$3B	15.6x	—	—	—	—	—	Not-for-profit merger	—	C
Envision Healthcare – KKR Take-Private	—	2,018	EXPANSION	$10B	11.0x	0.20x	-28.0%	5.0	—	—	KKR	—	B
LifePoint Health – RCCH HealthCare Partners Merger	—	2,018	EXPANSION	$6B	10.0x	—	—	—	—	—	Apollo Global / RCCH	—	C
Heartland Dental / KKR	—	2,018	EXPANSION	$3B	16.0x	—	—	5.0	—	68%	KKR	Midwest	B
Evernorth / Express Scripts (Cigna)	—	2,018	EXPANSION	$67B	12.9x	—	—	—	—	—	Cigna Group	National	C
Rural Metro / KKR Exit to AMR	—	2,018	EXPANSION	$2B	11.7x	2.20x	17.0%	5.0	—	28%	American Medical Response	National	B
Allegheny Health Network / Highmark JV	—	2,018	EXPANSION	$1B	15.0x	—	—	—	—	32%	Highmark Health	Northeast	B
Ballad Health / Mountain States Health Alliance	—	2,018	EXPANSION	$2B	13.8x	—	—	—	—	20%	Ballad Health (merged entity)	Southeast	B
Radiology Partners / New Enterprise Associates	—	2,018	EXPANSION	$2B	13.3x	—	—	5.0	—	38%	New Enterprise Associates / St	National	B
Rotech Healthcare / PE Recapitalization	—	2,018	EXPANSION	$500M	11.1x	2.50x	20.0%	5.0	—	22%	Management + PE recapitalizati	National	B
Vanderbilt / Lifepoint Health Strategic Alliance	—	2,018	EXPANSION	$2B	13.8x	—	—	—	—	27%	LifePoint Health (RCCH)	Southeast	B
Pyramid Healthcare / Warburg Pincus	—	2,018	EXPANSION	$400M	10.5x	3.10x	26.0%	5.0	—	42%	Warburg Pincus	Northeast	B
RegionalCare Hospital Partners / LifePoint Merger	—	2,018	EXPANSION	$6B	12.4x	2.50x	20.0%	5.0	—	28%	LifePoint Health (merged)	National	B
Kindred at Home Hospice & Home Health Carve-Out	home health / hospice	2,018	EXPANSION	$1B	11.8x	3.40x	28.0%	4.5	—	14%	Welsh Carson Anderson & Stowe	—	A
Envision Healthcare Physician Staffing Merger	physician groups	2,018	EXPANSION	$10B	13.5x	0.10x	-45.0%	5.0	—	50%	KKR	—	A
Lifepoint Health LTACH / Rehabilitation Secondary	LTACH / post-acute	2,018	EXPANSION	$6B	8.5x	2.20x	17.0%	5.0	—	24%	Apollo Global Management	—	A
Kindred Healthcare / TPG + Humana LBO	ltach_post_acute	2,018	EXPANSION	$4B	10.8x	2.60x	19.0%	4.0	—	12%	TPG Capital / Humana	—	A
Alignment Healthcare / General Atlantic growth equity	managed_care	2,018	EXPANSION	$750M	—	3.80x	32.0%	4.0	—	0%	General Atlantic	—	C
Matrix Medical Network / Frazier Healthcare LBO	managed_care_services	2,018	EXPANSION	$625M	12.5x	4.00x	34.0%	4.0	—	20%	Frazier Healthcare Partners	—	A
American Vision Partners / Arizona Eye Consultants roll-up	ophthalmology	2,018	EXPANSION	$140M	9.3x	4.20x	36.0%	4.0	—	32%	MedEquity Capital	—	A
Greenway Health / Vista Equity take-private	health_it	2,018	EXPANSION	$2B	20.0x	2.30x	17.0%	5.0	—	—	Vista Equity Partners	—	B
Smile Direct Club / Clayton Dubilier & Rice growth equity	dental	2,018	EXPANSION	$3B	—	0.05x	-45.0%	5.0	—	10%	Clayton Dubilier & Rice	—	B
ModivCare (Providence Service) / Coliseum Capital LBO	nemt	2,018	EXPANSION	$750M	9.0x	2.80x	22.0%	4.0	—	10%	Coliseum Capital Management	—	A
EXL Health / Outsourced RCM division growth	rcm	2,018	EXPANSION	$800M	18.2x	3.20x	27.0%	4.0	—	—	EXL Service Holdings	—	B
Advanced ICU Care / WindRose Health Investors growth equity	health_it	2,018	EXPANSION	$200M	15.4x	4.10x	35.0%	4.0	—	28%	WindRose Health Investors	—	A
Sound Physicians / Summit Partners LBO	physician_group	2,018	EXPANSION	$2B	14.0x	3.00x	24.0%	5.0	—	33%	Summit Partners	—	A
National Health Investors / Senior Care REIT strategic acquisition	snf	2,018	EXPANSION	$250M	8.1x	1.80x	12.0%	5.0	—	12%	National Health Investors (NHI	—	A
Heritage Healthcare / ABRY Partners add-on roll-up	home_health	2,018	EXPANSION	$320M	9.4x	2.50x	19.0%	4.5	—	11%	ABRY Partners	—	A
LHC Group / Almost Family merger	home_health	2,018	EXPANSION	$2B	13.9x	3.00x	24.0%	5.0	—	11%	LHC Group (LHCG public)	—	A
Capio AB / Ramsay Health Care acquisition	hospital	2,018	EXPANSION	$4B	12.0x	2.80x	22.0%	5.0	—	55%	Ramsay Health Care	—	A
NovaBay Pharmaceuticals / Wound care spinout	hospital	2,018	EXPANSION	$85M	—	0.40x	-15.0%	5.0	—	45%	SWK Holdings / specialty finan	—	B
LifePoint Health / RCCH merge + Province Healthcare rollup	hospital	2,018	EXPANSION	$6B	8.5x	2.50x	19.0%	5.0	—	30%	Apollo Global Management	—	A
Molina Healthcare / Joseph Molina family buyout	managed_care	2,018	EXPANSION	$5B	11.0x	4.50x	38.0%	4.0	—	6%	Public company (NASDAQ: MOH)	—	A
Veritas Medical / Amsurg cardiology add-on	cardiology	2,018	EXPANSION	$425M	12.1x	3.20x	27.0%	4.0	—	33%	Carlyle Group / cardiovascular	—	A
National Staffing Group / healthcare staffing PE	managed_care_services	2,018	EXPANSION	$150M	7.5x	4.50x	38.0%	4.0	—	—	Ridgemont Equity Partners	—	B
MedBridge / TA Associates physical therapy digital	digital_health	2,018	EXPANSION	$180M	—	4.20x	36.0%	4.0	—	55%	TA Associates	—	B
GI Alliance / Ares Management + GI physician roll-up	gi	2,018	EXPANSION	$2B	13.0x	—	—	—	—	53%	Ares Management / Waud Capital	—	B
Pediatric Home Service / Stellus Capital specialty	home_health	2,018	EXPANSION	$90M	8.2x	3.30x	28.0%	4.5	—	9%	Stellus Capital Management	—	A
Amedisys / LHC Group strategic position building	home_health	2,018	EXPANSION	$2B	15.9x	3.50x	29.0%	4.0	—	12%	LHC Group / UnitedHealth Group	—	A
Envision Healthcare — KKR Take-Private (post-IPO re-LBO)	physician_group	2,018	EXPANSION	$10B	11.6x	0.10x	—	5.0	—	46%	KKR	—	B
Kindred at Home — Humana Majority Buyout	home_health	2,018	EXPANSION	$4B	12.1x	2.40x	26.0%	3.0	—	16%	Humana / TPG Capital / WCAS	—	A
PharMerica — KKR Acquisition (from BrightSpring carve-out)	health_it	2,018	EXPANSION	$1B	9.7x	3.00x	20.0%	6.0	—	18%	KKR	—	A
Greenway Health — Vista Equity Buyout	health_it	2,018	EXPANSION	$2B	11.3x	2.50x	20.0%	5.0	—	70%	Vista Equity Partners	—	A
Gastro Health — Audax Private Equity Buyout	physician_group	2,018	EXPANSION	$270M	9.6x	4.50x	45.0%	4.0	—	38%	Audax Private Equity	—	A
Alignment Healthcare — General Atlantic Investment	managed_care	2,018	EXPANSION	$1B	20.0x	3.00x	44.0%	3.0	—	2%	General Atlantic	—	A
NovaBay Pharmaceuticals / Perrigo — Consumer Health Tuck-in	health_it	2,018	EXPANSION	$200M	11.1x	—	—	—	—	30%	Perrigo Company	—	B
Select Physical Therapy — Welsh Carson LBO	physical_therapy	2,018	EXPANSION	$900M	10.6x	2.50x	20.0%	5.0	—	41%	Welsh Carson Anderson & Stowe	—	A
Kindred Healthcare — Humana Full Acquisition	home_health	2,018	EXPANSION	$4B	14.1x	—	—	—	—	22%	Humana	—	B
Curation Health (formerly Medicomp) — TA Associates	health_it	2,018	EXPANSION	$180M	9.0x	4.50x	35.0%	5.0	—	25%	TA Associates	—	A
Sound Physicians — Fresenius Medical Care Acquisition	physician_group	2,018	EXPANSION	$2B	12.9x	3.50x	25.0%	6.0	—	30%	Fresenius Medical Care NA	—	A
Akumin — Imaging Tech LBO	radiology	2,018	EXPANSION	$650M	10.0x	0.60x	—	5.0	—	39%	CBRE Caledon / Management	—	B
HealthMarket / eHealth — Insurance Distribution Platform	managed_care	2,018	EXPANSION	$1B	11.1x	2.20x	22.0%	4.0	—	52%	General Atlantic / Blackstone	—	A
American Addiction Centers — BlackRock / Deerfield	behavioral_health	2,018	EXPANSION	$700M	10.8x	0.40x	—	3.0	—	48%	BlackRock / Deerfield Manageme	—	B
Recovery Centers of America — Healthcare Royalty Partners	behavioral_health	2,018	EXPANSION	$550M	11.5x	2.80x	23.0%	5.0	—	55%	Healthcare Royalty Partners /	—	A
Aveanna Healthcare — Bain Capital LBO	home_health	2,018	EXPANSION	$1B	11.8x	1.50x	11.0%	4.0	—	12%	Bain Capital	—	A
National Emergency Medical Services Authority — AMR	physician_group	2,018	EXPANSION	$2B	13.3x	2.00x	19.0%	4.0	—	40%	American Medical Response (KKR	—	A
ModivCare / WCG (exit via public markets)	NEMT / Transportation	2,018	EXPANSION	$400M	8.3x	3.50x	52.0%	3.0	50%	10%	Public markets	National	A
Quartet Health / Oak HC/FT	Digital Health	2,018	EXPANSION	$220M	—	2.00x	19.0%	4.0	10%	65%	Oak HC/FT (growth)	National	A
LifeScan / Platinum Equity	Medical Devices	2,018	EXPANSION	$2B	7.5x	0.90x	—	5.0	65%	50%	Platinum Equity	Global	A
InnovAge Holding / Welsh Carson (PACE platform)	Senior Care / PACE	2,018	EXPANSION	$850M	11.3x	3.80x	56.0%	3.0	45%	10%	Welsh Carson Anderson & Stowe	National	A
Kindred Healthcare / TPG + Welsh Carson	Post-Acute / LTAC	2,018	EXPANSION	$4B	10.8x	2.20x	24.0%	3.0	65%	12%	TPG Capital + Welsh Carson	National	A
HealthChannels / ScribeAmerica – Warburg Pincus	Healthcare IT / RCM	2,018	EXPANSION	$420M	11.1x	3.30x	33.0%	4.5	52%	80%	Warburg Pincus	National	A
Acuity Eye Group – Varsity Healthcare Partners	Ophthalmology	2,018	EXPANSION	$290M	10.0x	3.80x	30.0%	5.0	50%	55%	Varsity Healthcare Partners	West	A
Unified Women's Healthcare – Welsh Carson LBO	Women's Health	2,018	EXPANSION	$780M	12.0x	3.00x	25.0%	5.0	57%	65%	Welsh Carson Anderson & Stowe	Southeast	A
Wentworth-Douglass Hospital – Partners HealthCare Acquisition	—	2,017	EXPANSION	$200M	11.1x	—	—	—	—	38%	Partners HealthCare (now Mass	—	C
Acuity Health – Avista Healthcare Partners	—	2,017	EXPANSION	$140M	7.8x	—	—	—	—	27%	Avista Healthcare Partners	—	C
CommuniCare Health Services – Audax Private Equity	—	2,017	EXPANSION	$480M	8.7x	—	—	—	—	20%	Audax Private Equity	—	C
Surgical Care Affiliates – UnitedHealth Group / Optum	—	2,017	EXPANSION	$2B	7.6x	—	—	—	—	—	UnitedHealth Group / Optum	—	C
Surgical Care Affiliates (SCA) – UnitedHealth	—	2,017	EXPANSION	$2B	12.1x	—	—	—	—	—	UnitedHealth Group / Optum	—	C
Sound Physicians – TPG Growth	—	2,017	EXPANSION	$2B	12.0x	—	—	—	—	—	TPG Growth	—	C
PharMerica / KKR Acquisition	—	2,017	EXPANSION	$1B	11.7x	2.70x	22.0%	5.0	—	10%	KKR	National	B
Privia Health / General Atlantic	—	2,017	EXPANSION	$600M	13.3x	5.50x	54.0%	4.0	—	45%	General Atlantic	Mid-Atlantic	B
Integrated Oncology Network Add-On	oncology	2,017	EXPANSION	$155M	8.6x	3.30x	27.0%	4.5	—	36%	Ridgemont Equity Partners	—	A
US Renal Care / Summit Partners LBO	dialysis	2,017	EXPANSION	$1B	10.5x	3.00x	24.0%	5.0	—	10%	Summit Partners	—	A
Dental Care Alliance / Harvest Partners LBO	dental_dso	2,017	EXPANSION	$520M	11.6x	3.10x	27.0%	4.5	—	60%	Harvest Partners	—	A
Signify Health / New Mountain Capital LBO + IPO	value_based_care	2,017	EXPANSION	$500M	—	5.50x	38.0%	5.0	—	8%	New Mountain Capital / public	—	B
Surgical Care Affiliates / United Surgical Partners merger	asc	2,017	EXPANSION	$2B	14.0x	3.80x	32.0%	4.0	—	62%	Tenet Healthcare / USPI	—	A
CONMED Corporation / Gyrus Medical acquisition	asc	2,017	EXPANSION	$740M	16.1x	2.60x	20.0%	4.0	—	65%	CONMED Corporation strategic	—	A
Quartet Health / Oak HC/FT growth equity	behavioral_health	2,017	EXPANSION	$300M	—	1.20x	5.0%	6.0	—	55%	Oak HC/FT Partners	—	B
Omada Health / Andreessen Horowitz growth equity	digital_health	2,017	EXPANSION	$700M	—	2.50x	18.0%	7.0	—	60%	Andreessen Horowitz / Cigna Ve	—	B
InCompass Health / Elevation Oncology merger	oncology	2,017	EXPANSION	$380M	10.9x	3.60x	31.0%	4.0	—	32%	Nautic Partners	—	A
Acadia Healthcare Florida/Tennessee BH hospital cluster	behavioral_health	2,017	EXPANSION	$680M	11.0x	3.00x	24.0%	5.0	—	38%	Acadia Healthcare (ACHC)	—	A
Nexus Health Systems / RehabCare Group add-on	ltach_post_acute	2,017	EXPANSION	$220M	8.5x	2.40x	18.0%	5.0	—	13%	ABRY Partners / RehabCare mana	—	A
Encompass Health / HealthSouth IRF spin + rebrand	ltach_post_acute	2,017	EXPANSION	$6B	12.0x	2.50x	18.0%	5.0	—	16%	HealthSouth Corp (public strat	—	A
Ankura Consulting / FTI Health group carve-out	managed_care_services	2,017	EXPANSION	$340M	12.1x	2.80x	22.0%	5.0	—	—	Bain Capital Special Situation	—	B
US Dermatology Partners / BBH (Brockton) roll-up	physician_group	2,017	EXPANSION	$190M	9.5x	4.00x	35.0%	4.0	—	62%	BBH Capital Partners	—	A
WebMD Health — Internet Brands / KKR Take-Private	health_it	2,017	EXPANSION	$3B	14.0x	3.50x	52.0%	3.0	—	10%	Internet Brands / KKR	—	A
EyeCare Partners — FFL Partners Buyout	physician_group	2,017	EXPANSION	$490M	10.9x	3.80x	60.0%	3.0	—	42%	FFL Partners	—	A
Comprehensive Pain Management — Acadia / GTCR Rollup	behavioral_health	2,017	EXPANSION	$275M	9.8x	3.20x	34.0%	4.0	—	35%	Acadia Healthcare / GTCR	—	A
Castle Biosciences — Dermatology Diagnostics (Growth)	health_it	2,017	EXPANSION	$120M	—	5.00x	124.0%	2.0	—	33%	Canaan Partners	—	B
Azul Senior Care — WCAS SNF Platform	snf	2,017	EXPANSION	$480M	10.7x	2.50x	20.0%	5.0	—	12%	Welsh Carson Anderson & Stowe	—	A
SCA Health (Surgical Care Affiliates) — Optum	asc	2,017	EXPANSION	$2B	10.5x	3.80x	20.0%	7.0	—	48%	UnitedHealth / Optum	—	A
IntelliSource Health — Frazier Healthcare Partners	health_it	2,017	EXPANSION	$115M	9.6x	5.00x	50.0%	4.0	—	55%	Frazier Healthcare Partners	—	A
Community Health Systems Carve-Out – Oak Hill Capital	General Hospitals	2,017	EXPANSION	$1B	13.3x	1.80x	11.0%	5.5	68%	42%	Oak Hill Capital	Southeast	A
U.S. Dermatology Partners – ABRY Partners buyout	Dermatology	2,017	EXPANSION	$520M	10.8x	2.90x	19.0%	6.0	55%	79%	ABRY Partners	South	A
TeamHealth – Blackstone Buyout	—	2,016	CORRECTION	$6B	13.6x	—	—	—	—	38%	Blackstone Group	—	C
Surgery Partners – Bain Capital / IPO	—	2,016	CORRECTION	$1B	10.0x	—	—	—	—	55%	Bain Capital (IPO NASDAQ: SGRY	—	C
Quorum Health Corporation – CHS Spinoff	—	2,016	CORRECTION	$2B	9.2x	0.00x	-100.0%	4.0	—	29%	Independent public company (NY	—	B
AMSURG + Envision / EmCare Merger	—	2,016	CORRECTION	$16B	14.1x	—	—	2.0	—	37%	Envision Healthcare Holdings (	—	B
Rural Health Group – Cressey Platform	—	2,016	CORRECTION	$95M	7.9x	—	—	—	—	19%	Cressey & Company	—	C
TeamHealth – Blackstone Take-Private	—	2,016	CORRECTION	$6B	12.7x	—	—	—	—	—	Blackstone	—	C
AMSURG / Envision Healthcare Merger	—	2,016	CORRECTION	$15B	16.7x	0.50x	-22.0%	3.0	—	45%	AMSURG (ASC operator)	National	B
Hanger Clinic / Welsh Carson Buyout	—	2,016	CORRECTION	$1B	12.6x	2.10x	13.0%	6.0	—	30%	Welsh Carson Anderson & Stowe	National	B
TeamHealth Physician Staffing Take-Private	physician groups	2,016	CORRECTION	$6B	16.0x	1.10x	2.0%	8.0	—	52%	Blackstone	—	A
Interim HealthCare / Caring Brands International LBO	home_health	2,016	CORRECTION	$210M	8.4x	2.40x	18.0%	5.0	—	25%	Caring Brands (Levine Leichtma	—	A
Envision Physician Services / AmSurg / AMSURG merger	physician_group	2,016	CORRECTION	$16B	15.0x	0.50x	-10.0%	7.0	—	40%	AmSurg + Envision Healthcare	—	A
Netsmart Technologies / GI Partners LBO	health_it	2,016	CORRECTION	$950M	16.1x	3.20x	28.0%	4.5	—	—	GI Partners	—	B
Bright Health / New Enterprise Associates growth equity	managed_care	2,016	CORRECTION	$500M	—	0.10x	-32.0%	6.0	—	30%	New Enterprise Associates / mu	—	B
Precision Medicine Group / Warburg Pincus growth equity	lab	2,016	CORRECTION	$450M	—	3.80x	32.0%	5.0	—	—	Warburg Pincus	—	C
Mednax / NP Pediatrics physician group roll-up	pediatrics	2,016	CORRECTION	$2B	15.0x	1.50x	10.0%	5.0	—	52%	Mednax (Physician Partners acq	—	A
Crossroads Hospice / LHC Group acquisition	hospice	2,016	CORRECTION	$250M	10.4x	3.20x	27.0%	4.0	—	3%	LHC Group	—	A
National Western Life / Aon Hewitt benefits carve-out	managed_care	2,016	CORRECTION	$280M	9.0x	2.10x	16.0%	5.0	—	82%	Lightyear Capital	—	A
TeamHealth / IPC Healthcare merger (pre-KKR)	physician_group	2,016	CORRECTION	$6B	16.0x	1.10x	3.0%	8.0	—	40%	Blackstone Group	—	A
HAH / Home at Home pediatric nursing (Pediatric Specialty Care)	home_health	2,016	CORRECTION	$75M	7.5x	4.00x	35.0%	4.0	—	12%	BelHealth Investment Partners	—	A
Mossrehab / Moss Rehab IRF Network expansion	ltach_post_acute	2,016	CORRECTION	$320M	8.9x	2.10x	15.0%	5.0	—	17%	Einstein Healthcare Network /	—	A
Nant Health / Patrick Soon-Shiong growth equity	health_it	2,016	CORRECTION	$3B	—	0.30x	-20.0%	7.0	—	—	Patrick Soon-Shiong / various	—	C
Radiology Partners / New Enterprise Associates Series B-D	radiology	2,016	CORRECTION	$750M	—	—	—	—	—	42%	New Enterprise Associates / AD	—	D
R1 RCM / TowerBrook + Ascension health system partnership	rcm	2,016	CORRECTION	$1B	20.0x	5.00x	40.0%	5.0	—	—	TowerBrook Capital Partners +	—	B
MEDNAX / Sheridan Anesthesiology merger	anesthesiology	2,016	CORRECTION	$2B	13.0x	1.40x	8.0%	5.0	—	49%	MEDNAX Inc (public strategic)	—	A
Community Health Systems / Quorum Health distressed spin	hospital	2,016	CORRECTION	$1B	5.5x	0.30x	-22.0%	4.0	—	26%	CHS management / new equity	—	A
Zotec Partners — Court Square Capital Buyout	health_it	2,016	CORRECTION	$370M	8.8x	3.50x	28.0%	5.0	—	30%	Court Square Capital Partners	—	A
Acute Care / TeamHealth — Blackstone Recap / Secondary	physician_group	2,016	CORRECTION	$6B	12.7x	1.40x	5.0%	7.0	—	47%	Blackstone Group	—	A
Viad Medical Centers — Warburg Pincus Investment	oncology	2,016	CORRECTION	$480M	10.7x	3.60x	29.0%	5.0	—	34%	Warburg Pincus	—	A
ExamWorks — Leonard Green & Partners LBO	health_it	2,016	CORRECTION	$2B	12.6x	2.80x	22.0%	5.0	—	65%	Leonard Green & Partners	—	A
ATI Physical Therapy — Advent International LBO	physical_therapy	2,016	CORRECTION	$1B	12.5x	0.40x	—	4.0	—	45%	Advent International	—	B
InVentiv Health — Thomas H. Lee Buyout	health_it	2,016	CORRECTION	$4B	11.1x	2.00x	41.0%	2.0	—	75%	Thomas H. Lee Partners	—	A
Cotiviti — Veritas Capital LBO	health_it	2,016	CORRECTION	$2B	10.6x	3.50x	52.0%	3.0	—	55%	Veritas Capital	—	A
CHA Health Systems — Korean PE Acquisition	hospital	2,016	CORRECTION	$1B	13.3x	2.50x	20.0%	5.0	—	30%	MBK Partners (Korean PE)	—	A
Netsmart Technologies — GI Partners LBO	health_it	2,016	CORRECTION	$960M	10.1x	3.20x	26.0%	5.0	—	25%	GI Partners	—	A
Accolade Health — Cigna Investment / IPO	health_it	2,016	CORRECTION	$350M	—	3.00x	32.0%	4.0	—	88%	Cigna Ventures / Carrick Capit	—	B
nThrive RCM / Clearlake Capital	Revenue Cycle Management	2,016	CORRECTION	$700M	8.2x	2.80x	23.0%	5.0	62%	60%	Clearlake Capital Group	National	A
Help at Home / Centerbridge Partners	Home Health	2,016	CORRECTION	$700M	10.8x	—	—	—	55%	12%	Centerbridge Partners	Midwest	A
US Anesthesia Partners – Berkshire Partners	Anesthesiology	2,016	CORRECTION	$950M	11.6x	2.80x	22.0%	5.0	65%	52%	Berkshire Partners / Welsh Car	National	A
Premise Health / National Wellness – Investor Group	Employer Health / On-Site Clinics	2,016	CORRECTION	$1B	12.9x	2.40x	15.0%	6.0	55%	88%	OMERS / Warburg Pincus JV	National	A
Forefront Dermatology – Wind Point Partners	Dermatology	2,016	CORRECTION	$260M	11.8x	3.50x	28.0%	5.0	53%	80%	Wind Point Partners	Midwest	A
IntegraMed Fertility – Lee Equity Partners	Fertility	2,016	CORRECTION	$200M	9.1x	3.60x	38.0%	4.0	—	85%	Lee Equity Partners	National	A
Surgery Partners – H.I.G. Capital Platform	—	2,015	PEAK	$750M	8.3x	1.70x	40.0%	1.5	—	58%	H.I.G. Capital	—	B
Kindred Healthcare + Gentiva Health Services Merger	—	2,015	PEAK	$2B	12.9x	—	—	—	—	17%	Kindred Healthcare	—	C
RegionalCare Hospital Partners + Capella Healthcare Merger	—	2,015	PEAK	$2B	11.0x	—	—	4.0	—	30%	RCCH HealthCare Partners (comb	—	B
Ardent Health Services – Equity Healthcare / CPPIB Recapitalization	—	2,015	PEAK	$2B	10.6x	—	—	—	—	31%	Equity Healthcare (Warburg Pin	—	C
Select Medical + Concentra Occupational Health Acquisition	—	2,015	PEAK	$1B	10.1x	—	—	—	—	52%	Select Medical	—	C
Kindred Hospital – Kindred Healthcare Integrated Platform	—	2,015	PEAK	$900M	8.2x	—	—	—	—	18%	Kindred Healthcare	—	C
IPC Healthcare – TeamHealth Acquisition	—	2,015	PEAK	$2B	13.3x	—	—	1.0	—	38%	TeamHealth Holdings	—	B
Welsh Carson Healthcare Platform – USPI 35% Stake	—	2,015	PEAK	$1B	8.8x	2.00x	15.0%	5.0	—	60%	Welsh Carson Anderson & Stowe	—	B
AvMed / CareMore Health – Anthem Acquisition	—	2,015	PEAK	$800M	12.3x	2.50x	26.0%	4.0	—	13%	Anthem (WellPoint)	—	B
RegionalCare + Capella → RCCH HealthCare Partners	—	2,015	PEAK	$2B	9.2x	2.10x	22.0%	3.5	—	—	CCMP Capital / Warburg Pincus	—	B
Surgery Partners / H.I.G. Capital Exit	—	2,015	PEAK	$800M	11.1x	3.50x	24.0%	6.0	—	50%	Public (NYSE: SGRY IPO)	National	B
Greenway Health / Vista Equity	—	2,015	PEAK	$640M	11.0x	2.80x	18.0%	6.0	—	—	Vista Equity Partners	Southeast	B
Genesis HealthCare / Formation Capital	—	2,015	PEAK	$2B	13.7x	0.40x	-18.0%	5.0	—	6%	Formation Capital / Fillmore C	Northeast	B
Concentra / Humana Acquisition	—	2,015	PEAK	$1B	12.0x	3.10x	14.0%	9.0	—	65%	Humana	National	B
IPC Healthcare / TeamHealth Acquisition	—	2,015	PEAK	$2B	12.3x	2.20x	17.0%	5.0	—	40%	TeamHealth / Blackstone	National	B
Behavioral Health Group (BHG) LBO	behavioral health	2,015	PEAK	$210M	10.5x	4.60x	35.0%	5.0	—	30%	Frazier Healthcare Partners	—	A
Greenway Health RCM / EHR Platform LBO	RCM / health IT	2,015	PEAK	$635M	15.8x	2.30x	18.0%	5.5	—	—	Vista Equity Partners	—	B
Surgery Partners ASC Rollup LBO	ASCs	2,015	PEAK	$820M	11.2x	4.10x	36.0%	4.0	—	56%	H.I.G. Capital	—	A
Genoptix Oncology Diagnostics Carve-Out	lab diagnostics / oncology	2,015	PEAK	$470M	9.4x	2.00x	15.0%	5.0	—	44%	New Mountain Capital	—	A
US Acute Care Solutions / Welsh Carson LBO	emergency_medicine	2,015	PEAK	$2B	12.0x	2.30x	17.0%	6.0	—	40%	Welsh Carson Anderson & Stowe	—	A
InfuSystem / ABRY Partners LBO	infusion	2,015	PEAK	$320M	11.0x	2.60x	20.0%	5.0	—	50%	ABRY Partners	—	A
Gentiva Health Services / Kindred at Home merger	home_health	2,015	PEAK	$2B	13.0x	2.50x	19.0%	5.0	—	12%	Kindred Healthcare / TPG Capit	—	A
LabCorp / Covance CRO integration	lab	2,015	PEAK	$6B	14.0x	2.80x	20.0%	5.0	—	50%	Laboratory Corporation of Amer	—	A
United Behavioral Health / Optum BH carve-out	behavioral_health	2,015	PEAK	$5B	16.0x	3.10x	25.0%	5.0	—	45%	Optum / UnitedHealth Group	—	A
Ardent Health Services / Equity Group Investments LBO	hospital	2,015	PEAK	$2B	7.5x	2.20x	16.0%	6.0	—	30%	Equity Group Investments (Zell	—	A
Staywell Health / Carient / Population health JV	population_health	2,015	PEAK	$170M	14.2x	2.80x	22.0%	4.0	—	28%	Centene Corporation	—	A
Curo Health Services / FC/Patriot Capital add-ons	hospice	2,015	PEAK	$320M	9.4x	3.40x	28.0%	4.5	—	4%	Patriot Capital / founding tea	—	A
Ardent Health Services — Equity Group Investments Acquisition	hospital	2,015	PEAK	$1B	7.7x	3.50x	16.0%	9.0	—	32%	Equity Group Investments (Zell	—	A
Surgery Partners — H.I.G. Capital Buyout	asc	2,015	PEAK	$760M	10.6x	2.20x	120.0%	1.0	—	44%	H.I.G. Capital / NSH Partners	—	A
Concentra — Select Medical / Humana JV	physician_group	2,015	PEAK	$1B	9.2x	2.50x	26.0%	4.0	—	45%	Humana / Select Medical	—	A
MedExpress Urgent Care — Optum Acquisition	urgent_care	2,015	PEAK	$1B	13.0x	4.00x	22.0%	7.0	—	65%	Optum (UnitedHealth)	—	A
Radiation Therapy Inc (21st Oncology) — Vistria / WCAS	oncology	2,015	PEAK	$580M	9.7x	2.80x	23.0%	5.0	—	29%	Vistria Group / WCAS	—	A
Myriad Genetics — Oncology Diagnostics Leader (Benchmark)	health_it	2,015	PEAK	$2B	12.9x	—	—	—	—	42%	Myriad Genetics (Public, NASDA	—	B
InfuCare Rx — Frazier Healthcare Buyout	dme_home_health	2,015	PEAK	$145M	9.7x	4.80x	48.0%	4.0	—	46%	Frazier Healthcare Partners	—	A
Acadia Healthcare – Warburg Pincus Platform Build	Behavioral Health	2,015	PEAK	$580M	9.4x	3.10x	34.0%	4.2	58%	38%	Warburg Pincus	Southeast	A
Surgery Partners – New Mountain Capital LBO	Ambulatory Surgery Centers	2,015	PEAK	$760M	11.2x	3.80x	40.0%	4.0	62%	58%	New Mountain Capital	National	A
Community Health Systems – Health Management Associates Acquisition	—	2,014	EXPANSION	$8B	10.1x	—	—	—	—	32%	Community Health Systems	—	C
National Surgical Healthcare – H.I.G. Capital	—	2,014	EXPANSION	$475M	7.7x	2.80x	29.0%	4.0	—	—	H.I.G. Capital	—	B
CareCore National → eviCore Healthcare – Apax Partners	—	2,014	EXPANSION	$1B	7.5x	2.20x	26.0%	3.0	—	—	Apax Partners	—	B
Sheridan Healthcare – AMSURG / Envision	—	2,014	EXPANSION	$2B	9.8x	—	—	—	—	—	AMSURG Corp	—	C
Coram / CVS Health Acquisition	—	2,014	EXPANSION	$2B	13.1x	—	—	—	—	66%	CVS Health / Caremark	National	B
Comfort Systems / Rotech Healthcare DME LBO	DME / home respiratory	2,014	EXPANSION	$385M	7.8x	0.80x	-5.0%	4.0	—	20%	Apax Partners	—	A
National Mentor / Centerbridge LBO	home_community_based	2,014	EXPANSION	$1B	9.5x	2.80x	22.0%	5.0	—	12%	Centerbridge Partners	—	A
PhyAmerica Physician Group / Merit Health take-private	physician_group	2,014	EXPANSION	$280M	9.0x	2.80x	22.0%	5.0	—	35%	H.I.G. Capital	—	A
IntelliSource / Cotiviti merger (Connecture era)	health_it	2,014	EXPANSION	$2B	18.0x	4.80x	36.0%	5.0	—	—	Veritas Capital	—	B
Carecore National / AIM Specialty Health merger	managed_care_services	2,014	EXPANSION	$2B	20.0x	5.00x	40.0%	4.0	—	—	Anthem / AIM	—	B
Global Indemnity Group / specialty health insurance carve-out	managed_care	2,014	EXPANSION	$540M	10.0x	2.20x	17.0%	5.0	—	85%	Warburg Pincus	—	A
Physicians Endoscopy / Blue Wolf Capital LBO	asc	2,014	EXPANSION	$150M	8.3x	3.50x	30.0%	4.0	—	58%	Blue Wolf Capital Partners	—	A
Hanger Prosthetics / Rehabilitation Centers acquisition	dme_home_health	2,014	EXPANSION	$2B	13.0x	2.10x	15.0%	6.0	—	33%	Welsh Carson Anderson & Stowe	—	A
Emergency Communications Network / TriZetto merger	health_it	2,014	EXPANSION	$3B	20.0x	4.50x	38.0%	4.0	—	—	Cognizant Technology Solutions	—	B
CASI Pharmaceuticals / Chinese market specialty pharma	pharmacy	2,014	EXPANSION	$120M	—	0.70x	-8.0%	6.0	—	75%	Multiple VCs / Frazier Healthc	—	B
AmSurg / AMSURG + Envision Premerger physician group	physician_group	2,014	EXPANSION	$2B	14.0x	2.80x	22.0%	4.0	—	50%	Sheridan Healthcare / AmSurg	—	A
Mednax — Sheridan Healthcare Integration	physician_group	2,014	EXPANSION	$2B	12.6x	—	—	—	—	42%	MEDNAX Inc (Public)	—	B
Ortho Clinical Diagnostics — Carlyle LBO / IPO	health_it	2,014	EXPANSION	$4B	12.2x	2.00x	11.0%	7.0	—	65%	Carlyle Group	—	A
Premise Health — Warburg Pincus Growth Equity	managed_care	2,014	EXPANSION	$350M	10.0x	5.50x	24.0%	8.0	—	85%	Warburg Pincus	—	A
Multiplan — Hellman & Friedman LBO	health_it	2,014	EXPANSION	$4B	7.3x	1.70x	11.0%	5.0	—	80%	Hellman & Friedman	—	A
Enclara Pharmacia — Bankers Life LBO	dme_home_health	2,014	EXPANSION	$180M	8.2x	3.80x	31.0%	5.0	—	25%	HarbourVest Partners / Managem	—	A
Apria Healthcare / Blackstone → Owens & Minor	Home Health	2,014	EXPANSION	$2B	10.5x	2.50x	12.0%	8.0	60%	30%	Owens & Minor (strategic)	National	A
Smile Direct Club – Camelot Venture Group seed	Dental	2,014	EXPANSION	$45M	—	8.50x	55.0%	5.0	—	20%	Camelot Venture Group	National	B
Tenet Healthcare – Vanguard Health Systems Acquisition	—	2,013	EXPANSION	$4B	10.2x	—	—	—	—	37%	Tenet Healthcare	—	C
National Surgical Healthcare – H.I.G. Capital	—	2,013	EXPANSION	$450M	8.2x	2.90x	41.0%	3.0	—	62%	H.I.G. Capital	—	B
RadNet Radiology Take-Private	radiology	2,013	EXPANSION	$760M	10.2x	0.70x	-8.0%	3.0	—	50%	Leonard Green & Partners	—	A
National Imaging Associates / Magellan Health carve-out	radiology_imaging	2,013	EXPANSION	$620M	11.9x	2.20x	17.0%	6.0	—	65%	Magellan Health	—	A
Veracyte — TPG Investment / IPO	health_it	2,013	EXPANSION	$300M	—	4.50x	66.0%	3.0	—	28%	TPG Biotech / Public	—	B
Vibra Healthcare – Sterling Capital Recap	—	2,012	EXPANSION	$420M	8.1x	—	—	—	—	24%	Sterling Capital Partners	—	C
HealthSpring – Cigna Acquisition	—	2,012	EXPANSION	$4B	12.3x	—	—	—	—	11%	Cigna Corporation	—	C
DaVita HealthCare Partners – DaVita Acquisition	—	2,012	EXPANSION	$4B	12.6x	—	—	—	—	30%	DaVita Inc	—	C
Apria Healthcare / Blackstone take-private + re-IPO	dme_home_health	2,012	EXPANSION	$1B	6.5x	3.30x	28.0%	4.0	—	30%	Blackstone Group	—	A
Aspen Dental — Leonard Green & Partners Recap	dental	2,012	EXPANSION	$900M	12.9x	4.20x	27.0%	6.0	—	55%	Leonard Green & Partners	—	A
Radiology Partners – New Enterprise Associates platform	Radiology	2,012	EXPANSION	$120M	8.0x	5.20x	21.0%	8.0	—	55%	New Enterprise Associates	National	A
Acadia Healthcare – Waud Capital IPO Platform	—	2,011	RECOVERY	$300M	7.1x	4.20x	61.0%	3.0	—	33%	Waud Capital Partners (pre-IPO	—	B
EmCare Holdings – Leonard Green & Partners	—	2,011	RECOVERY	$1B	10.0x	3.50x	29.0%	5.0	—	40%	Leonard Green & Partners	—	B
Acadia Healthcare – Waud Capital Build-up	—	2,011	RECOVERY	$120M	6.7x	12.50x	40.0%	7.0	—	—	Waud Capital Partners	—	B
US Renal Care Dialysis LBO	dialysis	2,011	RECOVERY	$540M	9.8x	3.10x	24.0%	5.5	—	18%	Summit Partners	—	A
Acadia Healthcare Behavioral Health IPO	behavioral health	2,011	RECOVERY	$950M	14.0x	8.20x	58.0%	4.0	—	42%	Waud Capital Partners	—	B
AccordantHealth / Humana spinout (Evolent Health predecessor)	population_health	2,011	RECOVERY	$200M	—	6.00x	42.0%	5.0	—	30%	TPG Capital / UPMC	—	B
Acadia Healthcare / Waud Capital LBO	behavioral_health	2,011	RECOVERY	$620M	9.5x	8.20x	58.0%	4.0	—	42%	Waud Capital Partners	—	B
MedQuist / Nuance Communications health IT acquisition	health_it	2,011	RECOVERY	$360M	10.9x	2.50x	18.0%	5.0	—	—	Nuance Communications / Micros	—	B
CareMore Health / Anthem acquisition	managed_care	2,011	RECOVERY	$800M	—	4.00x	28.0%	6.0	—	0%	Anthem / WellPoint	—	B
CareMore Health — Anthem Strategic Acquisition	managed_care	2,011	RECOVERY	$800M	14.5x	3.50x	28.0%	5.0	—	8%	Anthem (WellPoint)	—	A
Emergency Medical Services (EMSC) — Onex Take-Private	physician_group	2,011	RECOVERY	$3B	12.3x	3.10x	33.0%	4.0	—	48%	Onex Corporation	—	A
Healogics — Waud Capital Buyout	physician_group	2,011	RECOVERY	$310M	8.2x	3.80x	30.0%	5.0	—	22%	Waud Capital Partners	—	A
Genoptix Medical Laboratory — Novartis Acquisition	health_it	2,011	RECOVERY	$470M	9.4x	—	—	—	—	32%	Novartis AG	—	B
Psychiatric Solutions – Universal Health Services Acquisition	—	2,010	RECOVERY	$3B	11.1x	—	—	—	—	30%	Universal Health Services	—	C
Steward Health Care – Cerberus Capital Acquisition	—	2,010	RECOVERY	$895M	19.9x	0.00x	-15.0%	14.0	—	26%	Cerberus Capital Management	—	B
Prospect Medical Holdings – Leonard Green & Partners	—	2,010	RECOVERY	$363M	9.1x	0.30x	-8.0%	14.0	—	28%	Leonard Green & Partners	—	B
Essent Healthcare – CHS Acquisition	—	2,010	RECOVERY	$134M	7.4x	—	—	—	—	31%	Community Health Systems	—	C
RegionalCare Hospital Partners – Foundation / Management Recap	—	2,010	RECOVERY	$650M	9.0x	2.60x	21.0%	5.0	—	29%	Foundation Capital / managemen	—	B
US Oncology / McKesson Acquisition	—	2,010	RECOVERY	$2B	12.0x	3.20x	20.0%	7.0	—	42%	McKesson Corporation	National	B
Steward Health Care / Cerberus Capital LBO	hospital	2,010	RECOVERY	$895M	7.5x	0.40x	-6.0%	14.0	—	20%	Cerberus Capital Management	—	A
Prospect Medical Holdings / Leonard Green take-private	hospital	2,010	RECOVERY	$363M	6.5x	0.80x	-3.0%	13.0	—	22%	Leonard Green & Partners	—	A
US Oncology — McKesson Strategic Acquisition	oncology	2,010	RECOVERY	$2B	11.7x	3.20x	26.0%	5.0	—	35%	McKesson Corporation	—	A
TeamHealth – Blackstone 1st LBO	—	2,009	CONTRACTION	$1B	7.5x	2.60x	24.0%	4.5	—	—	Blackstone	—	B
Surgical Care Affiliates (SCA) / Frist & KKR LBO	asc	2,007	PEAK	$1B	10.0x	3.80x	30.0%	5.0	—	64%	KKR / Frist family	—	A
Pacific Dental Services — NMS Capital Take-Private	dental	2,007	PEAK	$340M	8.9x	4.50x	21.0%	8.0	—	60%	NMS Capital	—	A
HCA Healthcare – KKR / Bain Capital LBO	—	2,006	EXPANSION	$33B	13.8x	2.40x	19.0%	5.0	—	40%	KKR / Bain Capital / Merrill L	—	B
Capella Healthcare – Martin Ventures Buyout	—	2,006	EXPANSION	$800M	9.4x	2.10x	9.0%	9.0	—	30%	Martin Ventures / SunTrust Cap	—	B
MinuteClinic / CVS Health	—	2,006	EXPANSION	$170M	—	—	—	—	—	70%	CVS Health	National	D
Select Medical – Warburg Pincus LBO	—	2,005	EXPANSION	$2B	9.3x	2.30x	23.0%	4.0	—	27%	Warburg Pincus	—	B
Select Medical / Welsh Carson	—	2,005	EXPANSION	$2B	12.0x	4.20x	17.0%	10.0	—	35%	Welsh Carson Anderson & Stowe	National	B
Select Medical – Welsh Carson recapitalization	Post-Acute	2,005	EXPANSION	$2B	7.5x	2.80x	12.0%	9.0	70%	20%	Welsh Carson Anderson & Stowe	National	A
Vanguard Health Systems – Blackstone Buyout	—	2,004	EXPANSION	$1B	9.5x	3.10x	13.0%	9.0	—	38%	Blackstone Group	—	B
IASIS Healthcare – TPG Capital Buyout	—	2,004	EXPANSION	$1B	9.4x	2.10x	6.0%	13.0	—	30%	TPG Capital	—	B
Vitas Healthcare / Chemed Corporation acquisition	hospice	2,004	EXPANSION	$410M	12.1x	5.80x	16.0%	12.0	—	5%	Chemed Corporation (strategic)	—	A
IASIS Healthcare / TPG Capital LBO	hospital	2,004	EXPANSION	$1B	7.5x	2.50x	18.0%	7.0	—	28%	TPG Capital	—	A
Healtheon / WebMD Health merger (original digital health)	health_it	1,999	UNKNOWN	$8B	—	0.50x	-8.0%	8.0	—	—	WebMD Health / Emdeon Communic	—	C