Citigroup spinout Metalmark eyes up to $1bn from Healogics sale

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hospital_healthcare_plaster_170sqFormer Citigroup private equity arm Metalmark Capital has reportedly hired Goldman Sachs to find a buyer for its wound care services business Healogics in a deal which could fetch almost $1bn.

Goldman will send detailed financial information to interested parties in the next few weeks according to Reuters, which cited people familiar with the matter.

Healogics provides advanced wound care services and treatment to about 200,000 patients each year according to its website.

Metalmark spun out of Citigroup last year as the bank worked to comply with Volcker Rule limitations on banks holding illiquid assets.

Citigroup retained a limited partner interest in the firm’s $2.5bn fund, which focuses on investments in energy and natural resources, industrials and healthcare.

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