Metalmark Capital-backed Healogics exploring $1B sale

By VCPOST Staff Reporter

Jan 09, 2014 09:25 PM EST

Florida-based Healogics Inc. is reportedly exploring a sale that could value the company at close to $1 billion. Healogics is a private-equity owned provider of wound care services.

Reuters, citing sources, said that private equity firm Metalmark Capital LLC has tapped investment bank Goldman Sachs Group Inc. to find a buyer. Metalmark is also preparing to send detailed financial information to interested parties in the next several weeks.

Healogics is expected to attract interest from private equity buyers, which have shown strong appetite for health care services assets in recent years, the sources said.

Healogics and its affiliated companies partner with more than 550 hospitals in the United States to provide advanced would care services and treat about 200,000 patients annually, Reuters reported.

New York's Metalmark is the former private equity unit of Citigroup Inc. It has $2.5 billion of committed capital in its latest fund. Metalmark focuses investments in energy and natural resources, industrials and health care industries, the report said. 

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