Argosy Healthcare Partners (AHP) has announced the recapitalization of Connect Life Sciences (CLS).

CLS, founded in 2020 and based in Orlando, Florida, provides recruitment services to pharmaceutical, biotechnology and medical device companies.

AHP, based in Wayne, Pa., is a lower middle market private equity investor focused exclusively on healthcare. A division of Argosy Capital, AHP typically pursues majority control transactions in U.S.-based, founder-owned healthcare businesses with $1 million to $3 million of EBITDA.

Terms of the investment were not disclosed.