Odyssey Investment Partners LLC's One Call Care Management Inc was eyeing a sale that would raise around US$1.5 billion. One Call Care Management Inc was a company focused on providing medical cost containment assistance. The information came from two sources with knowledge of the said matter.

Jefferies Group LLC was hired by One Call to manage the sale process and look for possible buyers. Private equity firms and other huge and small companies were welcome to make a deal, according to the sources.

One Call, Odyssey and Jefferies refused to give a statement about the ongoing transactions.

One Call was known for providing healthcare compensation payors with cut-rate access to businesses that provide diagnostic radiology and neurodiagnostics. One call aids employees through insurance corporations.

One Call, a Parsippany, New Jersey-headquartered company, earned by spreading costs charged to payors and discounted costs from providers in the system.

Odyssey was also said to be looking at putting Evans Analytical Group LLC, another business services firm, into a sale.

Odyssey managed about US$3 billion of capital in its private equity funds.