Bain Capital Private Equity’s Majority Investment in InnovaCare Health

Kirkland & Ellis advised InnovaCare and Summit Partners, Ropes & Gray advised Bain Capital Private Equity on the deal.

Bain Capital Private Equity executed its majority investment in InnovaCare Health, a regional leader in integrated and value-based healthcare services. Terms of the transaction were not disclosed. 

The new partnership will accelerate the Company’s growth and enable InnovaCare to scale its innovative, physician-led model to enter key markets nationwide.

Committed financing for the transaction is being led by Benefit Street Partners LLC.

Throughout its 20-plus year history, InnovaCare Health has owned, operated and managed an integrated portfolio of leading medical groups, health plans, medical service organizations and clinical networks.

Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984.

J.P. Morgan Securities LLC served as exclusive financial advisor, and PwC as accounting advisor to InnovaCare and Summit Partners. KPMG served as accounting advisor to Bain Capital Private Equity.

The Ropes & Gray team that represented Bain Capital Private Equity was led by private equity partner Bill Mone (Picture), and included private equity partner Will Shields, private equity associate Martin Pepeljugoski, heath care partners Timothy McCrystal, Benjamin Wilson and Adrianne Ortega, leveraged finance partner Byung Choi (all of Boston) and finance associate Scott Rolnik (New York).

Involved fees earner: Byung Choi – Ropes & Gray; Timothy McCrystal – Ropes & Gray; William Mone – Ropes & Gray; Adrianne Ortega – Ropes & Gray; Martin Pepeljugoski – Ropes & Gray; Scott Rolnik – Ropes & Gray; William Shields – Ropes & Gray; Benjamin Wilson – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Bain Capital Private Equity;