Peloton Equity has announced it has closed a growth and recapitalization investment in Grenova.
Grenova, based in Richmond, Va., is a manufacturer of green technology for the life sciences industry. Founded in 2014, the company produces waste reduction solution, including devices that enable labs to wash and recycle pipette tips.
Peloton, based in Greenwich,…
Frazier Healthcare Partners has announced the closing of Frazier Life Sciences XI with more than $987 million in capital commitments.
The new fund, which exceeded its target of $800 million, is Frazier Life Sciences’ fourth venture fund focused on biopharmaceuticals.
The firm’s announcement of the new fund comes only a few months after it had…
Beecken Petty O’Keefe & Company (BPOC) has announced it has completed the sale of Cranial Technologies.
Cranial Technologies, based in Tempe, Ariz., is a developer, manufacturer and provider of custom cranial orthotics for treating infants with plagiocephaly. Founded in 1986, the company manufactures the DOC Band, a custom cranial orthotic.
BPOC, based in…
Argosy Healthcare Partners (AHP) has announced it has completed a recapitalization of Specialty Care Management (SCM).
SCM, based in Bucks County, Pa., is a payor services company focused on healthcare cost containment and claims management services for the self-insured market. Founded in 2002, the company specializes in program design for catastrophic claims.
AHP,…
Health Velocity Capital has made a minority investment in Compass Surgical Partners, according to a news release.
Compass, based in Raleigh, N.C., is a developer and manager of ambulatory surgery centers (ASCs). Founded in 2011, the firm states that it focuses on total joint and spine ASCs.
Health Velocity, based in San…
Varsity Healthcare Partners has announced the close of its sale of Probo Medical to Avista Capital Partners.
Probo, based in Fishers, Ind., is a supplier of refurbished diagnostic imaging equipment. Founded in 2014, the company’s set of services include equipment sales, part sales, equipment rentals, depot repair service, equipment installation and de-installation, and field-based…
Infinedi Partners has announced it has invested in LaSalle Network.
LaSalle, based in Chicago, is a national staffing and recruiting firm providing services in many sectors, including healthcare revenue cycle, technology, cybersecurity, accounting and finance, and human resources. Founded in 1998, the firm states it operates in more than 20 states and has more…
GTCR has announced it has acquired a majority equity stake in Experity.
Experity, based in Machesney Park, Ill., is a provider of SaaS software solutions and technology-enabled services for the urgent care industry. Founded in 2019, the company states it provides electronic medical record, practice management and patient engagement software, revenue cycle management solutions and…
Sheridan Capital Partners and Morgan Stanley Capital Partners (MSCP) have completed a recapitalization of SpendMend, according to a news release.
SpendMend, based in Grand Rapids, Mich., provides tech-enabled solutions intended to optimize the cost cycle. Founded in 1993, the company serves healthcare organizations including hospitals, pharmacies and suppliers.
Through the recapitalization, Morgan Stanley…
Thomas H. Lee Partners (THL) has led a $50 million growth investment in Qventus, according to a news release.
Qventus, based in Mountain View, Calif., is a provider of artificial intelligence (AI)-based software for care operations automation. Founded in 2012, the Qventus platform integrates with EHRs and uses AI and behavioral science to…
