NorthStar Anesthesia, a portfolio company of TPG Growth, has acquired Continental Anesthesia, one of the largest multi-system anesthesia providers in the Chicago area with 17 facilities.
NorthStar Anesthesia was acquired by TPG in October 2013 as a platform to consolidate anesthesia management services companies. NorthStar was founded in 2004 and is based in Irving, TX (www.northstaranesthesia.com).
According to TPG Growth, Continental Anesthesia is the largest multi-system anesthesia provider in the metro Chicago market and one of the regions fastest growing providers with four new sites added in the last six months. Continental is led by Antonio Abrego, MD, President, and is headquartered in the Chicago suburb of Oakbrook (www.continentalanesthesia.com).
With the completion of this add-on acquisition, NorthStar will increase its presence in Illinois where it currently serves two facilities. “We are excited about the collaboration with Continental Anesthesia,” said NorthStar CEO Chris Riopelle. “Like us, Continental Anesthesia has experience serving multi-facility systems and is dedicated to maintaining the highest quality of care for our patients, as well as the highest level of service to our surgeons and hospital partners.”
TPG Growth is the middle market and growth equity investment platform of TPG which was founded in 1992 and makes investments throughout North America, Europe, Asia and Australia. Sectors of interest include industrials, retail, consumer, financial services, travel and entertainment, technology, media and communications, and healthcare. The firm has offices in San Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo, Shanghai, Singapore and Tokyo (www.tpg.com) (www.tpggrowth.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 2-3-16