Goldman Sachs Affiliate Completes Purchase of MagnaCare

HIG Capital has completed the sale of MagnaCare Holdings, a health care network provider focused on New York and New Jersey, to an investor group led by Goldman Sachs affiliate Pamplona Capital Management and the MagnaCare management team.Based in New York City, MagnaCare manages a proprietary provider network of approximately 95,000 individually contracted physicians, hospitals and other health care providers. The company provides services to approximately 850,000 members and manages approximately $1.5 billion of annual health care expenses, the company said in a press release.After acquiring...