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Partners Group Buys Careismatic Brands for $1.3 Billion


Partners Group Buys Careismatic Brands for $1.3 Billion
This content was published on January 7, 2021 - 13:27
January 7, 2021 - 13:27
(Bloomberg) Partners Group Holding AG bought medical-apparel company Careismatic Brands for about $1.3 billion including debt, according to a person with knowledge of the matter, in the private equity firm’s latest health-care deal.
The Swiss company purchased Careismatic from private equity shop New Mountain Capital, according to a statement Thursday that didn’t disclose terms of the transaction. Partners Group plans to bolster Careismatic’s growth by introducing new products and digitizing sales and marketing.
Partners Group, with more than $96 billion in assets, has been pursuing deals in niche segments of the health-care industry. Recent acquisitions include vision-services provider EyeCare Partners and Wedgewood Pharmacy, which provides specialty medications for animals. In August, Partners Group agreed to sell its m ....

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Partners Group Will Become New Majority Shareholder of Wedgewood Pharmacy


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Wedgewood Pharmacy has signed a definitive purchase agreement with Partners Group, on behalf of its clients, which will replace New Harbor Capital as its majority shareholder after the transaction closes in 2021. Terms of the transaction were not disclosed.
Marcy A. Bliss, CEO of Wedgewood Pharmacy, said: “While we have achieved excellent results under New Harbor’s ownership, we are very excited to collaborate with Partners Group going forward. They are deeply experienced professionals who have extensive healthcare and animal-health experience. A new board of directors will infuse fresh ideas and fresh capital to support our team to fully realize our goals. We have ambitious plans to continue to respond to veterinarians and the needs of their patients. The types of investments will include: ....

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