PE at Goldman Sachs Alternatives, Everstone Capital sell co-control stake in Omega Healthcare

Goldmans Sachs Alternatives and Everstone Capital said they signed an agreement to sell a co-control stake in Omega Healthcare to Ontario Teachers’ Pension Plan for an unspecified amount. 

Omega provides revenue cycle management and clinical services to U.S. healthcare organisations. Founded in 2003, it has about 35,000 staff at 14 delivery centers in U.S., India, Colombia and Philippines.

Harsh Nanda, MD and head of technology at private equity, Goldman Sachs Alternatives, said “Ontario Teachers’ decision to join us as an investment partner is a testament to Omega management team’s vision and exceptionality.”

“We are delighted to announce the successful sale of our co-control stake in Omega Healthcare” said Avnish Mehra, vice-chairman and head of private equity at Everstone Capital. “We are confident that Omega is well-positioned for continued success under the new partnership,” he said.

“The last five years have been an incredible journey in partnership with Goldman Sachs and Everstone. The collaborative partnership with the investors has been instrumental in our efforts to accelerate Omega’s growth” said Anurag Mehta, co-founder and CEO, Omega.