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.


TripleTree

Founded in 1997, TripleTree is an independent merchant bank focused on mergers and acquisitions, financial restructuring and principal investing services (through TT Capital Partners). Based in Minneapolis, the firm targets disruptive healthcare companies. Companies in its portfolio include Forward Health Group, a provider of population health management software; NucleusHealth, a developer of cloud-based medical image management software; and Verge Health, a provider of integrated governance, risk and compliance solutions to hospitals. Read more about TripleTree at www.triple-tree.com

Triton Pacific Capital Partners

Founded in 2001, Triton Pacific typically pursues controlling equity but considers minority positions in small to middle market companies within healthcare and several other industries. Based in Los Angeles, the firm targets companies with EBITDA of at least $10 million and prefers to make more substantial investments from a dollars perspective. Within healthcare, Triton Pacific seeks to invest in services companies, including provider services. Companies in its healthcare portfolio include IWP, a specialty home delivery pharmacy serving patients injured in accidents covered by property casualty insurance; BioMatrix, a specialty pharmacy service provider for patients with blood disorders, organ transplants and other chronic and acute diseases and conditions; and MAP Health Management, a provider of peer recovery support services for individuals and families seeking recovery from substance use disorders. Read more about Triton Pacific at www.tritonpacific.com

Tyree & D’Angelo Partners

Tyree & D’Angelo focuses on control buy and build investment opportunities in the lower middle market. Based in Chicago, the firm targets companies within healthcare and several other sectors. Companies in its healthcare portfolio include Signature Dental Partners, which provides affiliated dentists with business support functions; Dermatology Medical Partners, which provides affiliated dermatologists with business support functions; and Heartland Veterinary Partners, which provides affiliated veterinarians with business support functions. Read more about Tyree & D’Angelo at www.tdpfund.com

Varsity Healthcare Partners

Founded in 2012, VHP seeks primarily control investments — growth equity to buyout/recapitalization — in lower middle market companies. With offices in Los Angeles and Stamford, Conn., the firm focuses exclusively on healthcare services, principally providers, payors and outsourced services, with an emphasis on multi-site providers, including physician practice management. VHP typically invests $20 million to $60 million, going larger with co-investment partners. Companies in its portfolio include Family Care Partners, a consolidator of primary care and ancillary diagnostic patient services, and The Orthopaedic Institute, a private practice group of specialty physicians providing musculoskeletal care. Read more about VHP at www.varsityhealthcarepartners.com

Vestar Capital Partners

Founded in 1988, Vestar is focused on middle market companies. Based in New York, the firm prefers to make more substantial investments from a dollars perspective in businesses from a few sectors, including healthcare. Companies in its healthcare portfolio include HealthGrades, an online source of hospital, physician, disease and condition information and decision-support tools tailored for consumers; Press Ganey, a provider of patient experience measurement, performance analytics and strategic advisory solutions; Civitas Solutions, a provider of home and community-based human services for individuals with developmental disabilities and acquired brain injuries; and 21st Century Oncology, an operator of radiation treatment centers. Read more about Vestar at www.vestarcapital.com

The Vistria Group

Founded in 2013, Vistria focuses on making investments in middle market companies in healthcare and a few other industries. Based in Chicago, the firm pursues control and minority equity investments and prefers to make more substantial investments from a dollars perspective in companies with at least $100 million in revenue. Within healthcare, Vistria targets companies in the provider services, hospital/major facilities, life sciences/pharmaceutical and non-reimbursement industries. Companies in its healthcare portfolio include AIS HealthCare, a provider of sterile, patient-specific intrathecal pump medications and in-home intravenous infusion including immune globulin therapies; Behavioral Health Group, a provider of opioid addiction treatment services; Civitas Solutions, which markets its services nationally as The MENTOR Network and is a national provider of home- and community-based health and human services to individuals with special needs; and St. Croix Hospice, a Midwestern hospice provider. Read more about Vistria at www.vistria.com

Warburg Pincus

Founded in 1966, Warburg Pincus is focused on growth investing. Based in New York, the firm takes a long-term perspective and invests in businesses at all stages of development within healthcare and several other sectors. Companies in its healthcare portfolio include CityMD, an urgent care provider with locations in the greater New York metropolitan area and Seattle; Alignment Healthcare, a health delivery company focused on seniors; and Intelligent Medical Objects, a developer of a medical terminology solution for the management of medical vocabularies and software applications at healthcare organizations. Read more about Warburg Pincus at www.warburgpincus.com

Water Street Healthcare Partners

Founded in 2005, Water Street targets middle market healthcare companies. Based in Chicago, the firm prefers to make more substantial investments from a dollars perspective in four healthcare sectors: medical and diagnostic products, specialty distribution, outsourced healthcare services and specialty pharmaceutical products and services. Companies in its portfolio include Breg, a provider of sports medicine, rehabilitative orthopedic products and services; Capstone Development Solutions, a developer of pharmaceutical products; CareCentrix, which provides products and services for managing care transitions to the home; and RTI Surgical, a surgical implant company. Read more about Water Street at www.waterstreet.com

Waud Capital Partners

Founded in 1993, Waud seeks control equity investments in middle market companies in healthcare and a few other industries. Based in Chicago, the firm prefers to make more substantial investments from a dollars perspective in companies with at least $10 million in revenue. Within healthcare, Waud targets the provider services, hospitals/major facilities, life sciences/pharmaceutical and non-reimbursement industries. Companies in its healthcare portfolio include The GI Alliance, an independent gastroenterology practice; Ivy Rehab, a provider of outpatient physical therapy services through a network of centers in the Northeast, Midwest and Southeast; Cordant Health Solutions, a provider of behavioral healthcare and medication monitoring services; and ChiroTouch, a provider of chiropractic practice management and EHR software technology solutions. Read more about Waud at www.waudcapital.com

Webster Equity Partners

Founded in 2002, Webster prefers to invest in middle market companies. Based in Waltham, Mass., the firm, formerly known as Webster Capital, considers a wide range of investments in healthcare, and prefers to make majority or minority equity investments. Companies in its portfolio include Healthcare Associates of Texas, a primary care practice group serving patients in the Dallas Forth Worth region; BayMark Health Services, a national provider of outpatient opioid treatment services clinics; Epic Health Services, a pediatric-focused home care company providing pediatric nursing therapy, behavioral health and enteral therapy; and Prospira PainCare, an interventional pain management practice delivering treatment for chronic pain through interdisciplinary programs. Read more about Webster at www.websterequitypartners.com


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