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.


Audax Private Equity

Founded in 1999, Audax focuses on investments in middle market companies and has a wide flexibility on investment size. The firm, with offices in Boston and Menlo Park, Calif., targets companies within healthcare and several other industries. Healthcare companies in its portfolio include Advanced Dermatology & Cosmetic Surgery, a dermatology-focused physician practice management company; Katena Products, a provider of ophthalmic products; Meridian Behavioral Health, a provider of addiction treatment services at residential and outpatient facilities throughout the Midwest; and Numotion, a national supplier of rehabilitation equipment and assistive technologies. Read more about Audax at www.audaxprivateequity.com

Avista Capital Partners

Founded in 2005, Avista makes control buyout investments in the middle market. Based in New York, the firm focuses exclusively on the healthcare sector. Companies in its portfolio include Inform Diagnostics, an independent anatomic pathology provider; National Spine & Pain Centers, which provides administrative services to interventional pain management clinics focused on chronic back and neck pain; OptiNose, a specialty pharmaceutical company; and Osmotica Pharmaceutical, a specialty pharmaceutical and generics company. Read more about Avista at www.avistacap.com

Bain Capital Double Impact

Founded in 1984, Bain Capital Double Impact makes control and minority equity investments in middle market companies within healthcare and a few other industries. Based in Boston, the firm prefers to make more substantial investments from a dollars perspective. Within healthcare, Bain Capital Double Impact targets the provider services, hospital/major facilities and non-reimbursement industries. Companies in its portfolio include Rodeo Dental & Orthodontics, a pediatric dental and orthodontics provider in Texas and beyond; HealthDrive, provider of podiatry, optometry, audiology, dental and behavioral health services to patients in skilled nursing facilities; Arosa, a provider of non-medical home care services; and Phoenix Care Systems, a provider of residential and day programs to individuals with intellectual and development disabilities. Read more about Bain Capital Double Impact at www.baincapitaldoubleimpact.com

Bain Capital Private Equity

Founded in 1984, Bain Capital Private Equity focuses on making control and minority equity investments and prefers to make more substantial investments from a dollars perspective. Based in Boston, the firm invests in healthcare and several other industries, targeting companies with revenue of at least $100 million. Within healthcare, Bain Capital Private Equity targets companies in the provider services, hospital/major facilities, life sciences/pharmaceutical and non-reimbursement industries. Companies in its healthcare portfolio include Cerevel Therapeutics, a developer of therapies to treat central nervous system disorders; Aveanna Healthcare, a pediatric home healthcare provider in North America; Waystar, a revenue cycle technology provider; Grupo Notre Dame Intermedica, a healthcare provider in Brazil; and STADA, a European manufacturer of prescription generics. Read more about Bain Capital Private Equity at www.baincapitalprivateequity.com

Baird Capital

Founded in 1980, Baird is the direct investment arm of Robert W. Baird & Co. Based in Chicago, the firm puruses investments in healthcare and other targeted sectors. Healthcare companies in Baird’s portfolio include Alpha Source, a provider of solutions for medical equipment maintenance and service, medical device battery manufacturing and medical equipment parts distribution; Prescient Healthcare Group, a product strategy consultancy to the global biopharmaceutical industry; and New Vitality, a direct marketer of supplements and personal care products. Read more about Baird at www.bairdcapital.com

Ballast Point Ventures

Founded in 2002, Ballast Point prefers minority ownership stakes to control positions in companies throughout Florida, the Southeast and Texas. Based in St. Petersburg, Fla., the firm prefers to make more substantial investments from a dollars perspective in several industries, including healthcare. Companies in Ballast Point’s healthcare portfolio include TissueTech, a medical device company providing regenerative amniotic tissue-based products for use in the vision care, musculoskeletal and wound care markets; YPrime, a provider of software products and consulting services for global clinical trials; SleepMed, a medical products and services company focused on diagnosis and treatment in the sleep-disordered breathing market; and MolecularMD, a provider of molecular diagnostic tests supporting regulatory approval and clinical adoption of targeted cancer treatments. Read more about Ballast Point at www.ballastpointventures.com

Beecken Petty O’Keefe & Company

Founded in 1996, BPOC seeks control and minority equity investments in middle market companies exclusively within the healthcare industry. Based in Chicago, the firm pursues companies generating at least $10 million in revenue through a wide range of investments. Within healthcare, the firm targets companies in the provider services, life sciences/pharmaceutical and non-reimbursement industries. Companies in its portfolio include ClareMedica Health Partners, a value-based business that provides and coordinates care principally for Medicare Advantage, fee-for-service Medicare and Medicaid beneficiaries in Florida; Health-E Commerce, an e-commerce retailer of products eligible for purchasing using flexible spending account and health savings account funds; Medicus Healthcare Solutions, a provider of locum tenens staffing services; and Cranial Technologies, a provider of treatment of positional plagiocephaly in infants 3 to 18 months of age. Read more about BPOC at www.bpoc.com

BelHealth Investment Partners

Founded in 2011, BelHealth focuses on lower middle market companies. Based in New York, the firm seeks to invest between $20 million and $50 million in healthcare companies providing services and products and distribution. Companies in its portfolio include American Health Staffing Group, a national staffing platform; Care Advantage, a home healthcare provider in Virginia; and Integrated Care Physicians, a provider of emergency department medical directorship and management services. Read more about BelHealth at www.belhealth.com

Beverly Capital

Founded in 2011, Beverly focuses on making control and minority equity investments in middle market companies within healthcare and other industries. Based in Evanston, Ill., the firm has flexibility on investment size, including some interest in pre-EBITDA businesses. Beverly pursues companies with up to $50 million in revenue. Within healthcare, the firm targets companies in the provider services, hospital/major facilities, life sciences/pharmaceutical and non-reimbursement industries. Companies in its healthcare portfolio include LifeQuest Services, which specializes in EMS billing, EMT billing and fire collections, and American Prosthetic Components, which develops and manufactures prosthetic components. Read more about Beverly Capital at www.beverly-capital.com

The Blackstone Group

Founded in 1985, Blackstone targets investments in established and growth-oriented businesses. Based in New York, Blackstone has nearly $100 billion in assets under management and a portfolio of more than 90 companies. In its portfolio is Change Healthcare (formerly Emdeon), a provider of revenue and payment cycle management solutions. Read more about Blackstone at www.blackstone.com


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