TPG has purchased a majority stake in Surescripts, according to a news release.

Surescripts, founded in 2001 and based in Arlington, Virginia, is a health information network largely known for its e-prescribing network.

TPG, founded in 1992 and based in San Francisco, targets investments in middle market companies. The firm invests in healthcare and a number of other industries.

TPG made the investment in Surescripts through TPG Capital, the firm’s U.S. and European private equity platform.

Terms of the acquisition were not disclosed.

Everyone wants to dip their toe in the medical aesthetics space. And why not? It’s beautiful. But among platforms in this space, such as day spas, it is the pure med spa that has longevity “because it mixes the experiential with the service and the clinical outcomes,” says Nicole Chiaramonte.

In October 2022, Nicole founded Advanced MedAesthetic Partners, which has 62 locations operated by “motivated entrepreneurs” hungry to grow their one or two locations into more. AMP integrates the partners under one umbrella, offering standardized back-office functions with individualized local patient experiences.

With host Geoff Cockrell, Nicole explains AMP’s strategies for expansion and discusses one of the biggest trends in med spa: weight loss drugs. She also shares insights about risks in the industry, including competition, lack of credit, and state legislation. As AMP approaches its two-year mark, she is optimistic about what 2025 will bring.

Accel-KKR has acquired VisiQuate, according to a news release.

VisiQuate, founded in 2009 and based in Santa Rosa, California, is a provider of revenue cycle management and analytics solutions for health systems.

Accel-KKR, based in Menlo Park, Calif., is a technology-focused investment firm. The firm pursues middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments and credit alternatives.

Terms of the acquisition were not disclosed.

By Kevin Madagan

Waud Capital Partners (WCP) has announced the acquisition of Science Exchange.

Science Exchange, founded in 2011 and based in San Francisco, is a provider of life sciences procurement and supplier management software-as-a-service (SaaS) solutions.

WCP, founded in 1993 and based in Chicago, seeks control equity investments in middle market companies in healthcare and a few other industries. Within healthcare, the firm targets the provider services, hospitals/major facilities, life sciences/pharmaceutical and non-reimbursement industries.

Terms of the acquisition were not disclosed.

FTV Capital has made a growth equity investment in VALD, according to a news release.

VALD, founded in 2015 and with its U.S. headquarters in New York, is a global provider of musculoskeletal assessment and rehabilitation technologies.

FTV, founded in 1988 and based in San Francisco, is a growth equity investment firm that pursues investments in technology and services and financial technology and services companies.

Terms of the investment were not disclosed.

Northlane Capital Partners (NCP) has announced the sale of PAR Excellence Systems to OceanSound Partners.

PAR Excellence, founded in 1992 and based in Cincinnati, is a provider of supply chain integrity and cost management solutions to the healthcare industry.

NCP, based in Bethesda, Maryland, is a middle market private equity firm focused on healthcare and business services. Founded in 2003, the firm seeks to make equity investments of $25 to $150 million in North American companies with EBITDA of $5 million to $30 million. NCP will continue as an investor in PAR Excellence.

OceanSound, founded in 2019 and based in New York, is a private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. 

Terms of the transaction were not disclosed.

Genstar Capital has announced a strategic majority investment in Flourish Research, according to a news release.

Flourish, founded in 2001 and based in Apex, North Carolina, is a multi-site clinical trial organization focused on areas including cardiovascular, metabolic, neuroscience and infectious disease therapeutic areas.

Genstar Capital, based in San Francisco, is a private equity firm focused on making control investments in global middle market companies headquartered in North America. Founded in 1988, the firm targets investments in healthcare and a few other sectors.

Terms of the investment were not disclosed.

Flourish is an NMS Capital portfolio company.

GI Partners has made a majority investment in eClinical Solutions, according to a news release.

eClinical, founded in 2012 and based in Mansfield, Massachusetts, is a global provider of digital clinical software and services.

GI Partners, based in San Francisco, seeks to invest in North American middle market companies. Founded in 2001, the firm is active in several sectors, including healthcare, and makes initial equity investments of up to $1.5 billion.

Terms of the acquisition were not disclosed.

Summit Partners, an investor in eClinical since 2020, will maintain a minority position in the company.

Heritage Group has announced an investment in Equiti Health.

Equiti, founded in 2004 and based in Sunrise, Florida, is a provider of healthcare-focused language interpretation services.

Heritage Group, based in Nashville, Tenn., makes control and minority equity investments exclusively in the healthcare industry. Founded in 1986, the firm has flexibility on investment size, including interest in pre-EBITDA businesses, as it pursues provider services companies generating revenue.

Heritage joins GTCR as an investor in Equiti. GTCR invested in the company earlier this year. GTCR, based in Chicago, pursues a wide range of investments in several industries, including healthcare. Founded in 1980, the firm prefers to make more substantial investments from a dollars perspective.

Terms of the investment were not disclosed.

There are already big players in the pediatric and orthodontic space, so what inspired Ananya Shah and Will MacInnis to launch their own dental service organization? The answer lies in untapped markets and “a ton of opportunity.”

With host Geoff Cockrell, Ananya and Will outline their journey from running a tech-focused healthcare start-up in Silicon Valley to co-founding Cliff Ridge Specialty Partners about a year ago. They explain what differentiates Cliff Ridge, including their strategy of giving full clinical autonomy to providers, and their operational and technological playbook that makes the lives of the doctors and office managers easier.

Tune in to hear their insights on how they manage labor pressures, the factors that are more important to doctor retention than noncompete agreements, and why their greatest opportunity in the next year may be to acquire more pediatric practices.