ComplexCare Solutions Acquired by Vesey Street Capital Partners
Deal News | Jan 13, 2025 | Vesey Street Capital Partners
Vesey Street Capital Partners (VSCP), a private equity firm focused on healthcare services, has announced the completion of the acquisition of ComplexCare Solutions (CCS) from Inovalon. This transaction marks the firm's first platform investment from their Healthcare Fund II. CCS, a leading provider of health assessments and member engagement services, is expected to benefit from the experience and network of VSCP. The investment will allow CCS to expand its services and deliver better healthcare outcomes for its customers across the United States. Benton Davis joins CCS as Executive Chairman, bringing industry expertise to support the Company's growth. Legal counsel for VSCP was provided by McDermott Will & Emery, with RSM assisting in financial due diligence.
Sectors
- Healthcare Services
- Private Equity
- Financial Advisory
Geography
- United States – ComplexCare Solutions operates across the United States, and Vesey Street Capital Partners is based in New York, making the U.S. the primary geography of focus.
Industry
- Healthcare Services – The acquisition involves ComplexCare Solutions, a provider of health assessments and engagement services, and represents a significant investment by Vesey Street Capital Partners in the healthcare sector.
- Private Equity – Vesey Street Capital Partners, a private equity firm, has completed the acquisition of ComplexCare Solutions, highlighting the activity in the private equity industry with a focus on healthcare investments.
- Financial Advisory – McDermott Will & Emery and RSM provided legal and financial due diligence services, indicating the role of financial advisory in the transaction.
Financials
- Not Disclosed – The financial details of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vesey Street Capital Partners | Buyer | Company | A private equity firm focused on healthcare services investments. |
| ComplexCare Solutions | Target Company | Company | An independent health assessment and member engagement services provider. |
| Inovalon | Vendor | Company | A provider of cloud-based software solutions empowering data-driven healthcare. |
| McDermott Will & Emery | Legal Advisor | Company | Provided legal counsel to Vesey Street Capital Partners for the transaction. |
| RSM | Financial Advisor | Company | Assisted Vesey Street Capital Partners in financial due diligence. |
| Adam Feinstein | Managing Partner | Person | Managing Partner at Vesey Street Capital Partners. |
| Benton Davis | Executive Chairman | Person | Industry veteran joining ComplexCare Solutions as Executive Chairman. |
| Rachel Knight | CEO | Person | CEO of ComplexCare Solutions. |
| Chris Hasslinger | Investment Partner | Person | Investment Partner at Vesey Street Capital Partners. |