About this site

The McGuireWoods Healthcare Private Equity Team previously published a multi-part series highlighting some of the more active private equity investors in the healthcare space. Since the original publication, we have seen even more PE investors turn toward healthcare investments, new healthcare-focused funds form, and healthcare PE deal activity continue at a staggering pace. Thus, we have decided to launch this site to highlight investors in a more current format, as part of our ongoing service to the healthcare private equity community. These investors, listed purely in alphabetical order, are funds that primarily focus on growth-stage, buyout and platform funding transactions. The sheer number of investors is a real testament to investors’ views of healthcare as a solid investment play.


Metalmark Capital

Established in 2004, and formerly Morgan Stanley Capital Partners, Metalmark makes controlling investments in middle market companies. Based in New York, the firm invests in healthcare and other industries. Companies in its healthcare portfolio include Aegis Sciences Corp., a provider of drug monitoring and toxicology services; Catalytica, a provider of bulk actives, chemical intermediates and sterile pharmaceutical products for major pharmaceutical companies; Collagen Matrix, a developer and manufacturer of collagen and mineral-based technology for applications in tissue repair and regeneration; and Vanguard Health Systems, an owner and operator of acute care hospitals and complementary facilities and services. Read more about Metalmark at www.metalmarkcapital.com

New Enterprise Associates

Founded in 1977, NEA specializes in investments in venture growth equity at all stages. Based in Menlo Park, Calif., the firm has wide flexibility on investment size, primarily targeting healthcare and technology companies. Companies within its healthcare portfolio include Annexon Biosciences, a developer of therapeutic products intended to halt the progression of complement-mediated neurodegeneration, and Minerva Surgical, a device company focused on women’s health. Read more about NEA at www.nea.com

New Harbor Capital

Founded in 2013, New Harbor invests in lower middle market companies. Based in Chicago, the firm prefers to make more substantial investments from a dollars perspective in healthcare, business services and education companies. Companies in its portfolio include PT Solutions, a provider of physical therapy services in the Southeast and Midwest; Community Psychiatry Management, a behavioral health practice management company; and KURE Pain Management, a provider of multi-disciplinary pain management services. Read more about New Harbor at www.newharborcap.com

New State Capital Partners

Founded in 2013, New State invests in middle market companies with EBITDA from $8 million to $25 million. The firm, based in Larchmont, N.Y., typically invests $10 million to $45 million in equity in companies serving healthcare and other industries. Companies in its portfolio include United Medical Systems, a provider of mobile medical services to hospitals, surgery centers and offices; New Vista Behavioral Health, which offers subacute-detox, residential, partial hospitalization, intensive outpatient and outpatient treatment services in California facilities; and Capitol Pain Institute, a provider of pain management services to the greater Austin, Texas, area. Read more about New State at www.newstatecp.com

NewSpring Capital

Founded in 1999, NewSpring seeks investments in growth companies with large market opportunities. Based in Radnor, Pa., the firm invests in several industries, including healthcare. One of its investment funds — NewSpring Healthcare — specifically targets healthcare companies across the healthcare services, specialty pharmaceutical and medical technology sectors. Healthcare companies in its portfolio include ContinuumRx, a provider of home infusion services; Sun Behavioral, which operates freestanding inpatient psychiatric hospital facilities; Verisma, an information technology provider focused on delivering release of information solutions to health systems and hospitals; and Seniorlink, a provider o f home and community-based services to seniors and people with disabilities. Read more about NewSpring at www.newspringcapital.com

Oak Hill Capital Partners

Founded in 1986, Oak Hill seeks to invest in middle market companies. Based in Stamford, Conn., the firm typically makes more substantial investments in a number of sectors, including healthcare. Companies in its healthcare portfolio include AccentCare, a full-service provider of home healthcare services, and Vantage Oncology, an owner and operator of outpatient radiation oncology centers in more than a dozen states. Read more about Oak Hill at www.oakhillcapital.com

ORIX Healthcare Capital

Founded in 1981, ORIX Healthcare is a business unit of Dallas-Based ORIX USA. ORIX Healthcare considers a wide range of control and minority equity investments in the life sciences/pharmaceutical and non-reimbursement industries. More specifically, companies of interest include healthcare service, pharmaceutical product and pharmaceutical service providers. Healthcare companies in its portfolio include AdvantEdge Healthcare, which provides revenue cycle management and practice management solutions to hospital-based and large office-based physician practices; Talyst, which provides automated central pharmacy hardware and software to acute care hospitals, long-term care facilities and correctional facilities; and Epic Health Services, which provides pediatric home healthcare throughout Texas. Read more about ORIX Healthcare at www.orix.com/capital-solution/healthcare/

Pamlico Capital

Founded in 1988, Pamlico considers a wide range of investments in the lower to middle market. Based in Charlotte, N.C., the firm seeks minority and control equity investments in healthcare companies offering provider services as well as in ambulatory surgery centers and multi-site healthcare providers. Pamlico also targets companies in other sectors. Healthcare companies in its portfolio include HEALTHCAREfirst, a provider of SaaS solutions and services to home health and hospice agencies; Physicians Endoscopy, a developer, manager and owner of freestanding, single-specialty endoscopic ASCs; and VRI (Valued Relationships Inc.), a provider of telehealth monitoring, monitored medication dispensing and adherence solution, and medical alert systems. Read more about Pamlico at www.pamlicocapital.com

Patriot Capital

Founded in 2001, Patriot focuses on debt capital and minority equity investments in middle market companies. Based in Baltimore, the firm has wide flexibility on investment size, targeting companies from a variety of sectors that are typically based in Mid-Atlantic, with a focus on Baltimore area, Midwest and Southern United States. Healthcare companies in its portfolio include STX Healthcare Services, a dental practice management services company that provides back office and management services to dental clinics throughout the Southeast, and Home Health Holdings, the holding company for two home healthcare services businesses that provide attendant cares services to clients seeking long term-care needs over an extended period of time. Read more about Patriot at www.patriot-capital.com

Peterson Partners

Founded in 2003, PPE is a middle market equity investor that is best known as a flexible growth investor. Based in Salt Lake City, the firm’s initial investments range from $2 million to $20 million across a broad range of asset classes and geographies. Companies in its portfolio include RevOptix, a provider of services and electronic health records software for the optometry industry, and Elevated Billing, a provider of substance abuse and mental health billing. Read more about PPE at www.petersonpartners.com/pe


Page 10 of 15