Patient Square Capital Makes Strategic Investment in CorroHealth; Carlyle to Share Joint Control

CorroHealth Acquires ParaRev

May 18, 2022

Healthcare Services

CorroHealth, a Carlyle-backed provider of clinically led revenue cycle management (RCM) solutions, has acquired ParaRev, a Chicago-based leader in accounts receivable recovery previously backed by Housatonic Partners. The deal (an add-on to the CorroHealth platform) expands CorroHealth's targeted RCM capabilities, including denial recovery and zero-balance underpayment recovery.

CorroHealth Acquires Aergo Solutions

May 25, 2022

Healthcare Services

CorroHealth, a Carlyle-backed revenue cycle management (RCM) platform, has acquired Aergo Solutions, a Northstar-backed specialist in denials management and complex claim resolution. The deal expands CorroHealth’s targeted RCM capabilities—particularly denials management and appeals—and Aergo’s team and worklist technology will be integrated to scale services for regional healthcare organizations. Cain Brothers served as exclusive advisor to Aergo Solutions.

Patient Square Capital Acquires Patterson Companies

April 17, 2025

Healthcare Services

Patterson Companies entered into a definitive agreement to be acquired by Patient Square Capital in a $4.1 billion transaction (about $31.35 per share in cash). The acquisition completed on April 17, 2025, and Patterson’s common stock is no longer traded on the Nasdaq Global Select Market.

WellSky Acquires Corridor from HealthEdge Investment Partners

October 12, 2023

Healthcare Services

WellSky, a health and community care technology company backed by Leonard Green and TPG, has acquired The Corridor Group Holdings (Corridor) from HealthEdge Investment Partners. The acquisition expands WellSky's medical coding and revenue cycle management (RCM) capabilities for the post-acute care market and brings Corridor's tech-enabled coding, clinical documentation review, billing and collections services into WellSky's platform.

Patient Square Capital Acquires Paradigm

February 12, 2026

Healthcare Services

Paradigm, a specialty care management organization focused on complex injuries and diagnoses, entered into a definitive agreement to be acquired by Patient Square Capital. The transaction is expected to close in the first half of 2026 and represents the end of Paradigm’s partnership with OMERS Private Equity.

Patient Square Capital Acquires Premier, Inc.

November 25, 2025

Healthcare Services

Premier, Inc. stockholders overwhelmingly approved Patient Square Capital’s acquisition of the company at a special meeting. The deal provides Premier shareholders $28.25 in cash per share and is expected to close on or about November 25, 2025, subject to customary closing conditions.