Valuation Research Corporation (VRC), a global provider of independent valuation support and advisory services, has completed of three solvency opinions in connection with the recapitalisation of three private equity-backed health and cosmetic care companies.
VRC was engaged to provide solvency opinions by the boards of Milan Laser Holdings, a physician-owned permanent laser hair reduction provider operating in 20 states; OB Hospitalist Group, a provider of on-site, board-certified obstetric and gynaecology hospitalist programmes and related physician support services; and Soliant Health, a nationwide healthcare staffing company.
“We are pleased that these three leading healthcare organisations chose VRC to provide solvency evaluations for these transformative refinancing deals,” says VRC Managing Director Scott Crockett. “The pandemic brought sweeping changes to just about every corner of the healthcare industry. We expect to see even more activity in the months ahead as sponsors reposition to address those changes and look to partner with service providers who can demonstrate an understanding of the industry.”
Milan Laser Holdings was recapitalised by Leonard Green & Partners, OB Hospitalist Group by Gryphon Investors, and Soliant Health by Olympus Partners.
