STAMFORD — Olympus Companions has acquired a Planet Health franchisee for greater than $675 million, highlighting one of many busiest-ever intervals for the Stamford non-public fairness agency.
The acquisition of Austin, Texas-based Excel Health Holdings will increase the variety of firms to 13 in Olympus’ portfolio. Excel serves practically 750,000 Planet Health members throughout greater than 90 areas that it operates in Austin; Dallas-Fort Price; Raleigh-Durham, N.C.; Tulsa, Okla.; northwest Arkansas; and throughout Virginia. Supported by Olympus, it goals to run greater than 100 areas by the tip of 2022.
The deal comes as different firms in Olympus’ portfolio are thriving. Olympus officers stated their agency has returned a complete of roughly $1.5 billion in dividends and sale proceeds to about 40 institutional buyers prior to now eight months — an Olympus-record distribution to buyers in a one-year interval.
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