Intuitive Health Secures Major Investment from Great Hill Partners

Deal News | Nov 25, 2024 | Great Hill Partners

Great Hill Partners has acquired a majority interest in Intuitive Health, a pioneering company that combines emergency room and urgent care services into a single model, from Altamont Capital Partners. Founded in 2008, Intuitive Health operates freestanding sites that allow patients to receive high-quality care without the long waits and high costs often associated with traditional emergency rooms. Intuitive currently operates 33 facilities nationwide, serving over 500,000 patients. The acquisition marks Great Hill's first foray into this integrated model, leveraging their expertise to expand Intuitive's reach and capabilities. Former investor Altamont Capital Partners, which helped scale Intuitive from 2 to 33 clinics, continues to support the company's growth strategies through innovative partnerships. The transaction involved financial advisors William Blair and Guggenheim Securities for Intuitive, Cain Brothers and Leerink Partners for Great Hill, and legal counsel Ropes & Gray LLP, Morrison Foerster LLP, and Goodwin. Great Hill's leadership team, including Craig Byrnes, Mark Taber, and Veda Eswarappa, will join Intuitive's board to guide its future expansion.

Sectors

  • Healthcare Services
  • Private Equity

Geography

  • United States – Intuitive Health operates 33 facilities across the U.S. and the investment from Great Hill Partners is set to expand its presence further within the country.

Industry

  • Healthcare Services – Intuitive Health operates facilities that combine emergency room and urgent care services, catering to both high-acuity and non-emergency medical cases, representing an innovation in the healthcare services sector.
  • Private Equity – Great Hill Partners, a private equity firm, has made a majority investment in Intuitive Health, indicating active participation in the healthcare investment space.

Financials

  • Not disclosed – The financial terms of Great Hill Partners' majority acquisition of Intuitive Health were not disclosed.

Participants

NameRoleTypeDescription
Intuitive HealthTarget companyCompanyA pioneer in integrating emergency room and urgent care services, operating 33 facilities across the U.S.
Great Hill PartnersBidding CompanyCompanyA private equity firm investing in high-growth sectors, including healthcare, with a recent majority investment in Intuitive Health.
Altamont Capital PartnersSelling CompanyCompanyA private investment firm focused on middle market businesses, previously invested in Intuitive Health.
William BlairFinancial advisor to IntuitiveCompany
Guggenheim Securities, LLCCo-advisor to IntuitiveCompany
Cain BrothersAdditional advisor to IntuitiveCompany
Leerink PartnersFinancial advisor to Great HillCompany
Ropes & Gray LLPLegal counsel to IntuitiveCompany
Morrison Foerster LLPLegal counsel to IntuitiveCompany
GoodwinLegal counsel to Great HillCompany