#United States #New York #healthcare services #Vesey Street #ComplexCare Solutions

Vesey Street Capital Partners Completes Acquisition of ComplexCare Solutions

On January 13, 2025, Vesey Street Capital Partners, LLC (VSCP), a renowned private equity firm specializing in healthcare services, announced the successful acquisition of ComplexCare Solutions (CCS), a prominent independent provider focused on health assessments and member engagement services. This acquisition marks the fifth corporate carveout executed by VSCP, following a strategy aimed at optimizing healthcare services through targeted investments.

The acquisition of CCS represents a pivotal move for VSCP's Healthcare Fund II, aligning with the firm’s commitment to invest in vital growth segments within the healthcare services industry. Adam Feinstein, Managing Partner at VSCP, expressed enthusiasm about the acquisition, highlighting CCS as an ideal platform investment that capitalizes on the firm's extensive industry expertise and networks. He stated, "CCS represents an excellent fit with our focus on key growth segments of healthcare services where we can leverage our industry expertise, deep network of executive relationships, and experience with corporate carveouts."

CCS functions as a payor services platform, delivering scaled operations to a diverse array of health plans and risk-bearing providers across the United States. The company is dedicated to enhancing patient outcomes by helping health plans comprehend and tackle the unique needs of their members. They build connections with individuals, offering a comprehensive view of member health, identifying gaps in care, and supplying actionable data and insights to health plans, ultimately fostering an environment focused on better care delivery.

In conjunction with the acquisition, Benton Davis, a veteran in the healthcare industry with extensive experience in health plans and payor services, joins CCS as Executive Chairman. Benton previously played significant roles at several prestigious organizations, including Humana, United Healthcare, and Optum. His deep market understanding and operational experience are expected to significantly benefit CCS and its partners moving forward.

Rachel Knight, the CEO of ComplexCare Solutions, remarked on the positive implications of the acquisition for CCS's future. She stated, "The acquisition by VSCP allows us to continue to invest in and grow our service offerings, enabling us to drive more value for our customers and their health plan members. VSCP is aligned with our mission to enhance healthcare services and delivery for our members, allowing us to remain focused and independent as a payor services platform."

Chris Hasslinger, Investment Partner at VSCP, added that the collaboration with Rachel Knight and the CCS team is an exciting opportunity to enhance the company’s value proposition and support its growth trajectory. The backing of VSCP is anticipated to accelerate CCS's mission to deliver improved healthcare solutions.

The transaction involved VSCP and its affiliates contributing equity, with McDermott Will & Emery serving as legal counsel and RSM assisting in financial due diligence.

About ComplexCare Solutions

ComplexCare Solutions (CCS) is recognized as an industry-leading independent health assessment platform that specializes in member engagement services. The company employs a team of nurse practitioners who facilitate in-home and telehealth consultations, providing critical services such as encounter facilitation, continuity of care, health risk assessments, and point-of-care testing solutions. CCS's approach encourages proactive patient engagement, significantly improving community health outcomes.

About Vesey Street Capital Partners

Vesey Street Capital Partners is a private equity firm that concentrates on buyouts of lower-middle-market healthcare services businesses. With over $1 billion in assets under management, VSCP has successfully executed 42 transactions across twelve platform businesses, making a strong impact in the healthcare sector. For further information, visit www.vscpllc.com.