Vestar Capital Partners Named to Inc.'s 2021 List of Founder-Friendly Investors
NEW YORK, Oct. 15, 2021 /PRNewswire/ — Vestar Capital Partners, a leading U.S. private equity firm, today announced that it has been named to Inc.'s third annual Founder-Friendly Investors list, honoring the private equity and venture capital firms with the best track record of success backing entrepreneurs.
The list recognizes firms that entrepreneurs can trust and collaborate with while receiving the financial and strategic support they need to help accelerate growth.
"We founded Vestar on the principle that partnership with great founders and management teams is the cornerstone of any successful investment; for more than 30 years, this approach has led to exceptional outcomes for our companies and investors," said Dan O'Connell, Founder and CEO of Vestar. "In fact, over half of the investments in our two most recent funds are founder- or family-led businesses. We thank Inc. for recognizing Vestar's commitment to this style of investing, and we look forward to building steadfast partnerships with founders and entrepreneurs in the future."
Vestar has invested nearly $3 billion in more than 25 founder- and family-owned companies since its founding in 1988. Vestar's current portfolio consists of 10 founder-led businesses, including four 2021 investments – Dr. Praeger's Purely Sensible Foods, Stratus, PetHonesty and Friday Health Plans.
"Supporting an entrepreneur's vision and driving growth is more than just a financial investment. It's about building a relationship and supporting the founders beyond that initial year. These private equity firms treat the founders like partners," said Scott Omelianuk, editor-in-chief of Inc. media.
Contact:
Lambert & Co.
Jennifer Hurson
(845) 507-0571
[email protected]
Caroline Luz
(203) 656-2829
[email protected]
Vestar Portfolio Company, Stratus, Acquires Chicago-Based MLE
Cleveland, OH – September 28, 2021 – Stratus, a leading facilities services and brand implementation services firm, today announced the acquisition of Chicago area-based MLE Brand Services, creating a $325+ million company with nearly 850 employees throughout the United States. The newly combined Stratus and MLE facilities service offerings cover the full brand lifecycle, including interior and exterior signage, refresh and remodel construction, repair and maintenance, and energy services. Terms of the transaction were not disclosed.
Stratus, founded in 1931, has tripled its revenue since 2017 through strategic growth initiatives with its long-term customers in the retail, healthcare, financial, restaurant, hospitality, and convenience-store sectors, as well as through multiple acquisitions. The Stratus client roster includes blue-chip brands like Bank of America, Chase, CVS, Lowe’s, McDonald’s, Target, The Home Depot, and Walgreens. MLE’s reputation, expertise and production capabilities in interior branding, brand installation, and brand rollout warehousing and logistics significantly enhances Stratus’ brand implementation services portfolio, while further expanding its multi-solution facilities services offering.
“MLE and Stratus both have stellar reputations for service, quality, and brand partnership, so this acquisition is a natural next step,” noted Tim Eippert, CEO, Stratus. “Our capabilities are highly complementary, and by joining forces we’ll be able to provide a more holistic offering to our combined client base.”
MLE was founded in 2002 by Mike Loftus, who grew the company to over 130 employees in the Chicago area by building strong relationships with blue-chip customers. The MLE management team will remain intact, and Mr. Loftus will join the Stratus Executive Leadership Team led by Mr. Eippert, effective immediately. “Together, Stratus and MLE will provide superior and seamless end-to-end in-house service offerings, with our clients at the center of everything we do,” said Mr. Loftus.
Headquartered in Mentor, Ohio, Stratus has operations centers in Illinois, Ohio, Florida and New Jersey, and manufacturing facilities in Illinois and South Carolina. Stratus is a portfolio company of Vestar Capital Partners.
About Stratus
Stratus is a leading brand implementation and facilities services company offering signage solutions, energy services, repair and maintenance programs, and refresh and remodel capabilities across 50 states and 24 countries. With more than 50,000 projects completed annually, the Company provides versatile solutions for some of the world’s largest and most recognized brands. For more information, please visit www.stratusunlimited.com.
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Business & Technology Services, Consumer, and Healthcare. Since its founding in 1988, Vestar funds have invested $11 billion in 88 companies – as well as more than 200 add-on acquisitions – with a total value of over $50 billion. For more information on Vestar, please visit www.vestarcapital.com.
Michael Vaupen Joins Vestar Capital Partners
NEW YORK, NY – September 14, 2021 - Vestar Capital Partners (“Vestar”), a leading middle-market private equity firm, today announced that Michael Vaupen has joined the firm as a Principal and senior member of its healthcare team, focusing on healthcare technology and services. Mr. Vaupen will be responsible for all aspects of the investment lifecycle, from deal sourcing to portfolio company management, and will play a key leadership role in the Firm’s healthcare practice.
“Mike has deep experience in healthcare technology investing, which aligns perfectly with Vestar’s investment focus, and we are confident that he’ll have an immediate impact at the firm,” said Norm Alpert, Co-President and head of Healthcare at Vestar. “As patients, providers, and payers all look to use technology to make more informed decisions on the cost and quality of care, healthcare technology is playing an increasingly important role. We look forward to Mike’s contributions as we identify and partner with innovative companies in this rapidly evolving space.”
Mr. Vaupen joins Vestar from Welsh, Carson, Anderson & Stowe, where he focused on healthcare technology and services investing. Prior to that, Mr. Vaupen was an investment professional at Pamplona Capital Management, where he helped establish the private equity firm’s healthcare vertical, and in the healthcare group at Oak Hill Capital Partners. He began his career in the healthcare investment banking group at Morgan Stanley. Mr. Vaupen earned his Bachelor’s degree in Economics from The Wharton School of the University of Pennsylvania and received his MBA from Harvard Business School.
“I am thrilled to join the Vestar team given the firm’s long history of successful healthcare investing,” said Mr. Vaupen. “I look forward to partnering with my colleagues and our portfolio company management teams as we look to creatively deliver value and capitalize on strong healthcare technology industry tailwinds.”
Vestar Capital Partners Promotes Ian Singleton To Vice President
NEW YORK, NY – September 7, 2021 - Vestar Capital Partners, a leading U.S. private equity firm, announced today it has promoted Ian Singleton to Vice President.
"Ian is an invaluable member of the team and has taken an active role across many of our consumer and business & technology services-focused investments," said Dan O'Connell, Founder and CEO of Vestar. "We congratulate Ian and look forward to his increasing contribution as the firm grows and moves forward."
Ian joined Vestar in 2019, having previously worked as at Ares Management in their U.S. Direct Lending Group. He began his career in the Financial Sponsors Group at Citigroup. Ian graduated magna cum laude from Duke University with a B.A. in Psychology, a minor in Economics, and a certificate in Markets and Management Studies.
Mercury Healthcare Launches as the New Brand for Healthgrades Enterprise Software, Technology and Data Analytics Company, Formerly Known as Healthgrades
DENVER--(BUSINESS WIRE)--Mercury Healthcare, the new brand for the separate enterprise-wide software, technology and data platform for health systems formerly known as Healthgrades, has announced its new name, as well as the sale of Healthgrades.com to Red Ventures.
Going forward, Mercury Healthcare will focus on its software and data as a service technology that leverages advanced analytics and insights from patient and provider data, to build a connected consumer experience across all physical and digital touchpoints for the nation’s health systems. Mercury Healthcare is built on the strength of 30 years’ experience serving the healthcare community with a bold vision: to enable a seamless healthcare experience, creating meaningful outcomes for providers and patients.
“For Mercury Healthcare, and our 1,000 hospital customers, the transaction represents a significant opportunity to solely focus our value proposition to applying data driven solutions to drive intelligent consumer and provider engagement, and expedite the Mercury Healthcare technology roadmap, so we can continue to deliver important innovations for the nation’s health systems,” said Jovan Wilford, CEO, Mercury Healthcare. “We believe that Mercury Healthcare has the potential to improve the patient experience across the patient journey, and lead to better health outcomes.”
Healthgrades is the leading online marketplace to find and connect with the right doctor, the right hospital, and the right care. With profiles on virtually every physician and allied health professional in the U.S., Healthgrades.com provides the most accurate, comprehensive healthcare provider information to help consumers differentiate providers on the basis of patient satisfaction, physician experience and hospital outcomes.
“Today’s announcement will enable both businesses to fully realize the potential inherent in each and maximize opportunities for the future,” said Norm Alpert, chairman of Healthgrades and co-president, Vestar Capital Partners. “We are pleased that Healthgrades.com, the media business, will enter into its next phase of growth as part of RV Health and are enthusiastic about Mercury Healthcare, the enterprise software business, to address what we believe is a significant market opportunity with a leadership team focused exclusively on the unique needs of the business.”
Goldman Sachs and Piper Sandler acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Mercury Healthcare. King & Spalding LLP acted as legal advisor to Red Ventures.
For more information, please visit: www.mercuryhealthcare.com.
About Mercury Healthcare
Mercury Healthcare is a technology and data analytics company that empowers healthcare organizations to engage consumers and optimize provider relationships to accelerate growth. Our customers benefit from 30 years’ experience applying data analytics to drive intelligent engagement and enable personalized healthcare journeys. At Mercury Healthcare, we help healthcare organizations create seamless consumer experiences and improve outcomes to build healthier communities.
Contacts
Jennifer Newman
[email protected]
Mercury Healthcare Sells Healthgrades.com to RV Health
CHARLOTTE, NC and DENVER, CO – August 4, 2021 – RV Health, a Red Ventures business, has acquired Healthgrades.com from Mercury Healthcare, the new brand for the separate enterprise-wide technology and data platform for health systems formerly known as Healthgrades. Healthgrades.com is the leading online marketplace to find and connect with the right doctor, the right hospital and the right care. Half of all Americans who visit a doctor this year will visit Healthgrades.com as part of their healthcare journey.
RV Health’s portfolio also includes Healthline Media, the #1 digital health property with 92MM unique monthly visitors according to the latest Comscore rankings, and its brands Healthline.com, MedicalNewsToday.com, PsychCentral.com and Greatist.com. In the two years since Red Ventures acquired Healthline Media, its revenue and audience have both grown over 50%. Together, RV Health is the world’s largest digital health platform, with a global monthly audience of more than 275 million, according to Google Analytics.
“People are demanding digital health solutions they can trust,” said RV Health CEO Jeff Hallock. “With the addition of Healthgrades.com, RV Health now has the industry’s leading digital health platform. Bringing the leading healthcare marketplace together alongside the world’s largest health information property, we are transforming the online health journey - from seeking health information online to finding the care they deserve.”
This acquisition advances Red Ventures' mission to help people discover and decide on the most important aspects of their lives by adding healthcare provider selection to its mix of financial services, health information, media and technology, travel, education and entertainment.
“There’s nothing more personal than health,” said Red Ventures co-founder and CEO Ric Elias. “Every American should be able to easily find the right healthcare provider when they need it. By pairing Red Ventures’ trusted content with Healthgrades.com’s deep healthcare provider insights, we can fundamentally improve the process of finding care and ultimately, helping people take charge of their health.”
With the sale of Healthgrades.com, Mercury Healthcare will focus on its software and data as a service technology that leverages advanced analytics and insights from patient and provider data, to create a seamless experience across all physical and digital touchpoints for the nation’s health systems, ultimately leading to better outcomes.
“This represents the culmination of a two-year strategy focused on building, then separating, two highly successful, but ultimately different businesses – our marketplace business and our technology business—each with enormous opportunities,” said Jovan Willford, CEO, Mercury Healthcare. “Red Ventures is a terrific new home for Healthgrades.com, and I’m excited about the future of Mercury Healthcare, the only data-enabled company that helps providers engage consumers, improve physician relationships and deploy informatics to motivate target populations.”
There are no layoffs as a result of the RV Health acquisition. More than 200 Healthgrades.com employees will join Red Ventures’ larger team of more than 4,500 employees worldwide. The Healthgrades.com leadership team will remain intact, and the team will continue to be based primarily in Denver and Atlanta.
Healthgrades.com, along with the recent additions of CNET Media Group and Lonely Planet, expands Red Ventures’ ability to pair trusted brands and premium content with best-in-class online marketplaces and deep digital insights to help consumers discover and decide across a variety of industries.
Goldman Sachs and Piper Sandler acted as financial advisors and Kirkland & Ellis LLP acted as legal advisor to Mercury Healthcare. King & Spalding LLP acted as legal advisor to Red Ventures.
About RV Health
RV Health is a Red Ventures business that helps more than 90MM unique visitors monthly live their strongest and healthiest lives. The RV Health portfolio includes Healthline.com, Healthgrades.com, MedicalNewsToday.com, Greatist.com, and PsychCentral.com. RV Health has the largest consumer health and wellness audience online, and employs more than 500 people across San Francisco, New York City, Charlotte, Detroit and more.
About Red Ventures
Over the last twenty years, Red Ventures has built a platform of businesses, trusted brands, proprietary technology and strategic partnerships that work together to connect millions of people with expert advice. Through premium content and personalized digital experiences, Red Ventures builds online journeys that make it easier for people to make important decisions about their homes, health, travel, finances, education and entertainment. Founded in 2000, Red Ventures spans 5 continents and employs more than 4,500 people. Red Ventures owns and operates several large digital brands including CNET, Healthline Media, The Points Guy, Bankrate and Allconnect.com.
For more information, visit https://redventures.com and follow @RedVentures on social platforms.
About Mercury Healthcare
Mercury Healthcare is a technology and data analytics company that empowers healthcare organizations to engage consumers and optimize provider relationships to accelerate growth. Our customers benefit from 30 years’ experience applying data analytics to drive intelligent engagement and enable personalized healthcare journeys. At Mercury Healthcare, we help healthcare organizations create seamless consumer experiences and improve outcomes to build healthier communities.
Media Contact:
Steve Swasey
Vice President, Communications, RV Health
[email protected]
Jennifer Newman
Mercury Healthcare
[email protected]
Ami Shukla
Director, Communications, Red Ventures
[email protected]
Vestar Capital Partners to Make Majority Investment in PetHonesty, a Leader in Premium Pet Supplements
NEW YORK, July 14, 2021 /PRNewswire/ -- Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced today that it has agreed to make a majority investment in PetHonesty (or "the Company"), a trusted leader in premium pet health products providing high-quality, innovative pet supplements. PetHonesty co-founders Ben and Camille Arneberg will retain a significant minority stake in the Company, and Mr. Arneberg will continue to serve as CEO. Terms of the transaction were not disclosed.
Founded in 2018, PetHonesty is a highly differentiated brand known for its strong focus on product innovation and premium ingredients backed by nutritional science. PetHonesty's products are formulated to help address a range of common pet ailments, including mobility, digestion, and allergies, providing a healthy supplement to traditional pet diets. Based in Austin, TX, with a second office in New York City, the Company sells its products direct to consumers via its website as well as through partners such as Amazon and Chewy.
"PetHonesty is a fast-growing company that has built a passionate following of pet-loving consumers, and we're excited to partner with Ben and the entire team as the Company builds on its success," said Winston Song, Managing Director and Co-Head of Consumer at Vestar. "Pet parents have shown they are deeply committed to purchasing premium products, and PetHonesty is well positioned as the pet humanization trend and pet ownership continues to grow. We look forward to leveraging our consumer and pet category experience to help PetHonesty expand its brand and reach new customers."
"Our vision was to create the most trusted pet health company that empowers pet owners to offer their pets healthier and higher quality lives, and our partnership with Vestar is the next step in that journey," said Mr. Arneberg. "We have been fortunate to find the right partner in Vestar, which remains committed to our business strategy and will help provide the financial backing, industry relationships and category expertise needed to build on our momentum."
In conjunction with Vestar's investment, Jeffrey Ansell, a Vestar Senior Advisor and 35+ year consumer industry veteran, will join the PetHonesty board as Chairman. Earlier in his career, Mr. Ansell was a Procter & Gamble ("P&G") executive for 25 years, the last seven of those as President of the Iams company, following P&G's $2.3 billion acquisition in 1999. During his tenure leading P&G Pet Care, sales of iconic brands Iams and Eukanuba more than doubled from under $800 million to over $1.6 billion, and Iams became the #1 pet nutrition brand in the U.S. Mr. Ansell currently serves as Chairman, or member of the Board, for several other Vestar portfolio companies.
Vestar has deep experience in pet food and the broader better-for-you (BFY) food industry. The firm previously owned Big Heart Pet Brands, whose products include Meow Mix, Milk-Bone and Natural Balance. Some of Vestar's current BFY food investments include Dr. Praeger's Sensible Foods, a manufacturer of better-for-you plant-based foods; Simple Mills, an innovative, market-leading better-for-you cracker, cookie and baking mix brand in the natural and organic channel; and Presence Marketing, the leading national sales broker dedicated exclusively to representing natural and organic food, beverage and personal care brands.
Kirkland & Ellis LLP served as legal counsel and William Blair acted as financial advisor to Vestar. Egan Nelson LLP served as legal counsel and Lincoln International acted as financial advisor to PetHonesty.
About PetHonesty
Based in Austin, TX and founded in 2018, PetHonesty is a trusted leader in pet health, providing premium pet supplements and products. The Company's pet products are formulated to help address a range of common pet ailments, including mobility, digestion, and allergies, providing a healthy supplement to traditional pet diets. PetHonesty products are available via its website as well as through Amazon and Chewy. For more information, please visit www.pethonesty.com.
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Consumer, Business & Technology Services and Healthcare. Since its founding in 1988, Vestar funds have invested $8 billion in 85 companies – as well as more than 200 add-on acquisitions – with a total value of approximately $50 billion. For more information on Vestar, please visit www.vestarcapital.com.
Media Contacts:
Lambert & Co.
Jennifer Hurson
(845) 507-0571
[email protected]
Caroline Luz
(203) 656-2829
[email protected]
SOURCE Vestar Capital Partners
Vestar Capital Partners Acquires Stratus, a Global Leader in Brand Implementation and Facilities Services, from Arcapita
NEW YORK, July 7, 2021 /PRNewswire/ — Vestar Capital Partners (“Vestar”), a leading middle-market private equity firm, announced today that it has acquired Stratus (or “the Company”), a market-leading asset-light facilities services provider, from Arcapita Group Holdings (“Arcapita”), a global alternative investments firm. Terms of the transaction were not disclosed.
CEO and founder Tim Eippert and the Company’s senior leadership team will continue to lead Stratus and will reinvest in the transaction alongside Vestar. Arcapita will also retain a minority stake in the Company.
Founded in 1953 and based in Mentor, OH, Stratus serves a highly diversified base of blue-chip customers including some of the leading Fortune 100 brands in 50 states and 24 countries across a broad range of end markets, including healthcare, financial services, QSR, convenience stores, and telecom. The Company offers best-in-class customer service and integrated solutions, enabled by a differentiated technology suite and unmatched expertise and scale. Under Arcapita’s ownership, Stratus more than tripled its revenue to over $300 million, while completing multiple add-on acquisitions to expand the Company’s customer base and product offerings.
“Stratus is fortunate to have found a true partner in Vestar, which shares our customer-centric philosophy and vision for growth, and has a deep understanding of our industry,” said Mr. Eippert. “We look forward to leveraging Vestar’s strategic relationships, capital, and operational expertise alongside our ongoing partnership with Arcapita, working together to continue building our capabilities for the benefit of our valued customers.”
“Stratus’ significant investments in systems and operational infrastructure, deep understanding of its customers’ needs, and relentless focus on service excellence have enabled its growth into a scaled nationwide platform,” said Nikhil Bhat, Vestar Managing Director and Co-Head of Business & Technology Services. “The Company has an attractive opportunity to expand into complementary service lines and reinforce its current offerings through acquisition and continued investment in the platform. We are excited to partner with Tim and his exceptional management team to help accelerate the next stage of Stratus’ growth.”
Martin Tan, Arcapita’s Chief Investment Officer, commented, “Arcapita is extremely proud of Stratus’ transformation into the leading national brand implementation company that it is today. With Arcapita’s support, Stratus has been able to expand its services and product offerings, as well as expand its footprint across the US. Stratus’ success is a testament to Arcapita’s dedicated approach of investing in good companies and providing them with the resources to realize their ambitions. We are confident that with the current strength of the Stratus bench and Vestar’s added support, the Company will continue to enjoy the rapid growth we have achieved, in the coming years.”
William Blair and Citizens M&A Advisory acted as financial advisors and King & Spalding served as legal counsel to Stratus. Robert W. Baird & Co. acted as financial advisor and Kirkland & Ellis LLP served as legal counsel to Vestar.
About Stratus
Stratus is a leading brand implementation and facilities services company offering signage solutions, energy services, repair and maintenance programs, and refresh and remodel capabilities across 50 states and 24 countries. With more than 50,000 projects completed annually, the Company provides versatile solutions for some of the world’s largest and most recognized brands. For more information, please visit www.stratusunlimited.com.
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Consumer, Business & Technology Services and Healthcare. Since its founding in 1988, Vestar funds have invested $8 billion in 85 companies – as well as more than 200 add-on acquisitions – with a total value of approximately $50 billion. For more information on Vestar, please visit www.vestarcapital.com.
About Arcapita
Arcapita is a global alternative investment manager, with offices in Atlanta, London and Singapore and an affiliated office in Bahrain. Arcapita’s principal lines of business are private equity and real estate, and its management has a 24-year track record of over 90 investments with total transaction value in excess of $30 billion. Further details on Arcapita can be found at www.arcapita.com
Media Contacts
For Vestar:
Lambert & Co.
Jennifer Hurson
845-507-0571
[email protected]
or
Caroline Luz
203-656-2829
[email protected]
For Arcapita
Tariq Hayat
+973 17 218 858
Mobile +973 39 461103
[email protected]
or
Brunswick
Ailsa Martin
+971 4 560 5900
[email protected]
LERETA Announces Sale To Flexpoint Ford And Vestar Capital Partners
COVINA, CA, July 6, 2021– LERETA, LLC (“LERETA” or “the Company”), a leading national provider of real estate tax and flood services for mortgage servicers, and its equity holders, including funds managed by Tarsadia Investments, LLC, announced today that they have reached an agreement to sell the Company to private equity firms Flexpoint Ford and Vestar Capital Partners. The transaction is expected to close within 30 days.
LERETA’s chief executive officer, John Walsh, and the current senior management team will continue to lead the Company.
LERETA serves more than 4,000 customers nationwide. The Company processes more than $17 billion in tax payments annually and monitors more than 25 million loans for flood determinations. Over the past two years, the Company has met 99.9% of its service level agreements for all customers.
Commenting on the transaction, Walsh said, “Flexpoint Ford and Vestar Capital Partners represent an ideal partnership for LERETA. The combination of these two well-regarded firms provides deep experience in financial services and a wealth of knowledge around scaling and enhancing technology. LERETA has distinguished itself by providing a high level of customer service in our markets. As a result, we’ve been successful in adding new customers and building market share. This transaction will enable us to accelerate our already strong growth, step up our investments in technology and scale our operations to address the changing needs of the mortgage servicing industry.”
“We found that LERETA’s customers really valued its flexibility, attentiveness and white-glove customer service. The Company’s planned increase in technology investments will continue to further enhance its customers’ experience,” said Steve Begleiter, Managing Director at Flexpoint Ford. “We are thrilled to partner with John, the LERETA team and Vestar in the next chapter of LERETA’s success. The Company’s focus on providing best-in-class service and the planned investment in its technology positions the business for an exciting future,” added Arjun Thimmaya, Managing Director, Flexpoint Ford.
“LERETA’s robust systems and service-oriented, client-first approach have enabled the Company to deliver high-quality, regulatory-compliant solutions for its customers’ most complex needs for over 35 years,” said Nikhil Bhat, Managing Director and Co-Head of Business & Technology Services at Vestar Capital Partners. “We are excited to support management as they accelerate the Company’s technology investments, further enhancing the speed, accuracy, and reliability of LERETA’s products while facilitating seamless integration with customers’ mission-critical workflows.”
Financial details of the transaction were not disclosed.
Rothschild & Co served as the lead financial advisor to LERETA and its board of managers, and Kirkland & Ellis, LLP served as legal counsel to LERETA. American Discovery Capital also served as a financial advisor to LERETA and its board of managers. Raymond James served as financial advisor to Flexpoint Ford and Vestar Capital Partners. Wachtell, Lipton, Rosen & Katz served as legal counsel to Flexpoint Ford. Kirkland & Ellis, LLP served as legal counsel to Vestar Capital Partners.
About LERETA
Since 1986, LERETA has provided the mortgage and insurance industries the fastest, most accurate and complete access to property tax data and flood hazard status information across the U.S. LERETA is committed to giving customers extraordinary service and cost-effective property tax and flood solutions. LERETA’s services are designed to increase efficiency, reduce penalties and liabilities and improve processes for mortgage originators and servicers. LERETA’s dedicated teams of real estate tax and flood professionals along with LERETA’s experienced management team allow the company to lead the industry in service and technology.
Flexpoint Ford is a private equity investment firm that has raised more than $5 billion in capital and specializes in privately negotiated investments in the financial services and healthcare industries. Since the firm’s formation in 2005, Flexpoint Ford has completed investments in more than 40 companies across a broad range of investment sizes, structures and asset classes. Flexpoint Ford is headquartered in Chicago, Illinois, with additional offices in New York, New York. For more information about Flexpoint Ford, please visit www.flexpointford.com.
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Business & Technology Services, Consumer, and Healthcare. Since its founding in 1988, Vestar funds have invested $8 billion in 85 companies – as well as more than 200 add-on acquisitions – with a total value of approximately $50 billion. For more information on Vestar, please visit www.vestarcapital.com.
About Tarsadia Investments
Tarsadia Investments is the California-based investment management company of a single-family office. Tarsadia Investments has a flexible and long-duration investment mandate that enables it to invest across multiple stages of maturity and asset classes. Its current portfolio includes majority investments in privately held companies and minority investments in venture- and growth-stage businesses.
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Media Contact:
Bill Campbell
Campbell Lewis
212-995-8057
Accanto Health Announced As Company Name For Recently Merged Veritas Collaborative and The Emily Program
ST. PAUL, Minn., June 29, 2021 /PRNewswire/ -- The recently merged Veritas Collaborative and The Emily Program today announced the name of its parent company, unveiling "Accanto Health." Accanto, which means "beside" in Italian, represents the company's commitment to be with those they serve the whole way on their journey. Accanto Health will maintain both brand names of its leading eating disorders programs, The Emily Program and Veritas Collaborative.
"Everyone we serve is on a journey, whether early on in that journey or further along. We believe we are building a relationship with them to help them get to a better place. The impact we have will last a lifetime," said Dave Willcutts, CEO of the newly named Accanto Health. "We want to be beside everyone we serve for as much of the journey as they need our help."
Accanto will retain the highly respected The Emily Program and Veritas Collaborative brands in their respective markets across Georgia, Minnesota, North Carolina, Ohio, Pennsylvania, Virginia, and Washington. Accanto is committed to expanding access to care while maintaining the highest level of clinical integrity and treatment standards.
"We know clients and families rely on The Emily Program and Veritas Collaborative brands to deliver warm, high-quality expertise, care, and support," said Willcutts. "We will continue to work to exceed their expectations as they put their trust in us to be with them the whole way in recovery. We also know the need for eating disorder treatment exceeds the availability of services. Accanto is committed to bringing care to more people in more places."
About Accanto Health
Accanto Health, based in St. Paul, Minnesota, is a national healthcare company specializing in eating disorders and related disorders, with two nationally known eating disorder brands, The Emily Program and Veritas Collaborative, collectively offering care in 20 locations across 7 states: Georgia, Minnesota, North Carolina, Ohio, Pennsylvania, Virginia, and Washington. Recognizing that one size does not fit all, Accanto Health programs provide exceptional, individualized care for people with eating disorders of all ages in a gender-diverse and inclusive environment, incorporating an array of individual, group, and family therapy, nutrition, psychiatry, medical care, yoga, education, and support services. Services are offered across a full continuum of care including inpatient, residential, partial hospitalization, intensive outpatient, and outpatient. If you or someone you know is struggling with an eating disorder, call 1-888-EMILY-77 or visit accanto.com
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Contact: [email protected] or Jillian Lampert, Chief Strategy Officer, 651.428.4654
SOURCE Accanto Health
