Intuitive Health Announces Growth Investment from Great Hill Partners
Deal News | Nov 25, 2024 | Altamont Capital
Intuitive Health, known for its innovative hybrid emergency room and urgent care model, has sold a majority interest to Great Hill Partners. This transition marks the end of a decade-long partnership with Altamont Capital Partners, under whose guidance Intuitive scaled from two to 33 clinics and broadened its market through strategic expansions across the United States. Great Hill, a reputable private equity firm, will assist Intuitive in further expanding its footprint and enhancing patient value. Multiple financial advisors and legal firms facilitated the transaction, reflecting a trend where healthcare models are adapting to reduce complications and costs for patients.
Sectors
- Healthcare
- Private Equity
- Legal Services
Geography
- United States – Intuitive Health operates across various states, and the transaction involves U.S.-based private equity firms.
- UK – Great Hill Partners, which has offices in London, highlights a UK connection in the transaction.
Industry
- Healthcare – The article discusses the model and services provided by Intuitive Health, a company focused on emergency and urgent care facilities.
- Private Equity – Great Hill Partners and Altamont Capital Partners are both described as private equity firms involved in the transaction concerning Intuitive Health.
- Legal Services – Multiple legal counsel firms were mentioned as advisors in the transaction, indicating a significant legal services component.
Financials
- Not Disclosed – The financial terms of Great Hill Partners' acquisition of a majority stake in Intuitive Health were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intuitive Health | Target | Company | A healthcare company offering a hybrid model of emergency room and urgent care services. |
| Great Hill Partners | Buyer | Company | A private equity firm acquiring a majority stake in Intuitive Health. |
| Altamont Capital Partners | Seller | Company | Previous investor in Intuitive Health, facilitating its growth over the last decade. |
| William Blair | Financial Advisor | Company | Lead financial advisor to Intuitive Health for the transaction. |
| Guggenheim Securities, LLC | Financial Advisor | Company | Co-advisor to Intuitive Health. |
| Cain Brothers | Advisor | Company | Additional advisor to Intuitive Health. |
| Leerink Partners | Financial Advisor | Company | Financial advisor to Great Hill. |
| Ropes & Gray LLP | Legal Counsel | Company | Legal counsel to Intuitive Health. |
| Morrison Foerster LLP | Legal Counsel | Company | Legal counsel to Intuitive Health. |
| Goodwin | Legal Counsel | Company | Legal counsel to Great Hill Partners. |
| Thom Herrmann | CEO | Person | Chief Executive Officer of Intuitive Health. |
| Craig Byrnes | Managing Director | Person | Managing Director at Great Hill Partners. |
| Mark Taber | Managing Director | Person | Managing Director at Great Hill Partners joining Intuitive Health's Board of Directors. |
| Veda Eswarappa | Vice President | Person | Vice President at Great Hill Partners joining Intuitive Health's Board of Directors. |
| Casey Lynch | Principal | Person | Representative of Altamont Capital Partners. |