NEW YORK, February 12, 2016: Varsity Healthcare Partners, a healthcare-focused private equity investment firm, announced today that it has sold its majority interest in Forefront Dermatology, to OMERS Private Equity Inc., the private equity arm of the OMERS, one of Canada’s largest pension plans. Terms of the transaction were not disclosed.
Morgan Lewis represented Forefront, one of the nation’s largest and most reputable providers of practice management services to dermatology clinics, in the transaction. Morgan Lewis also represented Varsity Healthcare Partners in the acquisition of Forefront in 2014 and in several add-on acquisitions for Forefront. The deal represents the first investment that Varsity Healthcare Partners has exited since its formation.
The Morgan Lewis team advising Forefront on the sale was led by partner Jonathan Morris and associates Andrew Milano and JiWon Park. Regulatory matters were led by partner Joyce Cowan and associates Anthony Choe and Tamara Senikidze.