Ropes & Gray Represents TPG Growth in the Sale of NorthStar Anesthesia
Ropes & Gray represents TPG Growth, the global middle market and growth equity platform of alternative asset firm TPG, in the sale of NorthStar Anesthesia to Cranemere. TPG Growth will retain a significant minority interest in NorthStar and continue to partner with the Company and Cranemere to further build the business. The transaction, announced on June 5, is expected to close in the second quarter of 2018 subject to customary closing conditions.
NorthStar, founded in 2004, is a leading national anesthesiology platform that provides operating room efficiencies, improved clinical outcomes and healthcare cost reductions through outsourced anesthesia services.
The Ropes & Gray team was led by mergers & acquisitions partner Carl Marcellino and health care partner Timothy McCrystal.