Private equity firm Great Hill Partners has acquired a majority interest in Blue Cloud Pediatric Surgery Centers, according to an Aug. 13 news release.
Here are four more things to know:
1. Blue Cloud is the nation’s largest operator of pediatric ASCs, specializing in dental and oral surgery. The company operates 32 fully accredited facilities across 12 states.
2. Great Hill purchased its majority stake from TPG’s The Rise Fund.
3. Blue Cloud serves more than 60,000 pediatric and special-needs patients annually and functions as an independent referral partner for dentists.
4. Three Great Hill executives will join Blue Cloud’s board of directors: Managing Directors Craig Byrnes and Mark Taber, along with Vice President Michael Noel.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.