Frazier Healthcare Partners has acquired Altruix from WindRose Health Investors, according to a news release.
Altruix, founded in 2005 and based in Hunt Valley, Maryland, is a behavioral health pharmacy platform serving patients with severe mental illness, substance use disorders, and intellectual and developmental disabilities (IDD).
Frazier, founded in 1991 and based in Seattle, is a provider of private equity capital to healthcare companies. The firm prefers to make more substantial investments from a dollars perspective and pursues a wide range of investment types, including company creation and venture capital to buyouts of profitable lower-middle market companies.
WindRose, founded in 2000 and based in New York, pursues equity investments in healthcare companies. The firm invests in a broad range of industry segments, including outsourced services to payors and health systems, technology-enabled services, healthcare providers and value-added distribution.
Terms of the transaction were not disclosed.