Ascend Partners has announced it has closed its inaugural fund, Ascend Capital Partners Fund I, with total committed capital of $570 million.
The Fund was oversubscribed and hit its hard cap.
Ascend Partners, based in New York, is a growth-oriented, healthcare-focused private equity firm. Founded in 2019, Ascend is led by co-founders In Seon…
Quilvest Capital Partners has announced it has acquired a majority interest in UrgentMED.
UrgentMED, based in West Hollywood, Calif., is an independent network of urgent care clinics in Southern California. Founded in 2007, the organization currently operates 35 locations.
Quilvest, with its North American operations based in New York, is the multi-strategy alternatives division…
DW Healthcare Partners (DWHP) has sold WillowWood Global to Blue Sea Capital, according to a news release.
WillowWood, based in Mt. Sterling, Ohio, designs, manufactures and distributes prosthetic products for amputees. Founded in 1907 as the Ohio Willow Wood Company, the company’s products include the Alpha family of liners, Meta feet, central-fabrication and custom…
Advent International has made a strategic growth investment in Iodine Software, according to a news release.
Iodine, based in Austin, Texas, is the developer of a clinical AI solution designed to support the accurate capture of patient documentation. The company states its platforms are used by more than 800 hospitals and more than…
HealthEdge Investment Partners has announced it has sold The Columbus Organization to CareSource.
The Columbus Organization, based in Blue Bell, Pa., provides care/support coordination, professional clinical staffing and quality improvement services for the intellectual/developmental disability (I/DD) or behavioral needs community. The company serves more than 100,000 individuals across 13 states.
Bain Capital Private Equity has announced it will acquire a majority stake in InnovaCare Health.
InnovaCare, based in White Plains, N.Y., is a provider of integrated and value-based healthcare services. InnovaCare states that its integrated primary care provider network treats more than 250,000 patients annually, and the company also supports physicians who collectively serve…
Athenahealth has entered into a definitive agreement to be jointly acquired by affiliates of Bain Capital and Hellman & Friedman for $17 billion, according to a news release.
Athenahealth, based in Watertown, Mass., is a provider of cloud-based enterprise software solutions for medical groups and health systems.
Bain Capital Private Equity, based…
Regal Healthcare Capital Partners (RHCP) has announced the closing of its third fund with $415 million of committed capital.
RHCP III exceeded its $325 million target.
Regal, based in New York, is a healthcare private equity firm focused exclusively on investments in healthcare services companies. Founded in 2018, the firm prefers to make equity investments of $20 million…
Cressey & Co. has completed a growth investment in Trella Health, according to a news release.
Trella Health, based in Atlanta, provides market intelligence to direct contracting entities, accountable care organizations, healthcare networks and post-acute care providers.
Cressey, with offices in Chicago and Nashville, seeks control and minority equity investments exclusively in…
Lightyear Capital has announced it has closed its fifth flagship private equity fund, Lightyear Fund V, with approximately $1.6 billion in capital commitments.
The firm indicated that this figure is 25% larger than the $1.25 billion target and more than 60% larger than the $957 million raised in Lightyear Fund IV.
Lightyear, based in…
