Webster Equity Partners pulled opioid-treatment behemoth BayMark Health Services from the market, people familiar with the situation told PE Hub. A Goldman Sachs-run auction was recently called off after bids failed to meet price expectations, two sources said. The private equity-only auction was hoping to produce a deal valued at $1 billion-plus, sources previously said. BayMark, of Lewisville, Texas, is expected to test the market again in a few years after achieving further growth and after Ebitda surpasses the $100 million mark, one of the sources said.
Read the full article: Webster Shelves BayMark Auction, Eyes Further Growth //