Demand for concierge and functional medicine is surging, fueled by the GLP-1 boom and by healthcare costs increasingly shifting onto consumers. Fifth Third Securities managing director Chris Dorn describes this space, also known as “precision health,” as a consultative healthcare model where patients get more time with their physician and access to treatments standard primary care won’t provide.

In this conversation with McGuireWoods partner and host Geoff Cockrell, Chris digs into the details investors weigh: how much GLP-1 exposure sinks a deal’s appeal, and who actually buys these businesses once they reach real scale. Tune in for where the opportunity — and the traps — lie in one of healthcare’s fastest-emerging markets.

JLL Partners has acquired Life Couriers, according to a news release.

Life Couriers, based in Munich, Germany, and with offices in the United States and other countries, is an international group of specialized logistics service operators focused on life science and healthcare logistics.

JLL, founded in 1988 and based in New York, is a middle market private equity firm that targets companies in healthcare and a few other sectors.

Terms of the transaction were not disclosed.

WindRose Health Investors recently announced it had completed the recapitalization of Verified Clinical Trials (VCT).

VCT, founded in 2009 and based in Boca Raton, Florida, is a provider of clinical trial subject registry solutions.

WindRose, founded in 2000 and based in New York, pursues control 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.

Linden Capital has acquired Relevate Health from Mountaingate Capital, according to industry reports.

Relevate, founded in 2007 and based in Cincinnati, Ohio, is a healthcare commercialization platform serving pharmaceutical, biotechnology, medical device and other healthcare organizations.

Linden, founded in 2004 and based in Chicago, is a private equity firm focused exclusively on the healthcare industry. The firm pursues acquisition opportunities across the healthcare industry, including services, products and distribution companies, and prefers to make more substantial investments from a dollars perspective.

Mountaingate, founded in 2016 and based in Denver, is a private equity firm that focuses investments in digital marketing, business services, specialty manufacturing and specialty distribution.

Terms of the transaction were not disclosed.

Tortuga Growth Partners (TGP) recently announced a strategic investment in Advanced eClinical Training (ACT).

ACT, founded in 2020 and based in New York, is a provider of online healthcare certification and workforce development.

TGP, based in New York, is a private equity firm focused on acquiring controlling stakes in North American platform businesses. The firm primarily invests in technology-enabled services businesses across three core sectors — healthcare, information technology and financial services, with target investment sizes ranging from approximately $25 million to $100 million in enterprise value.

Terms of the investment were not disclosed.

Sheridan Capital Partners has announced it has invested in Carolina Components Group (CCG).

CCG, founded in 2020 and headquartered in Durham, North Carolina, is a provider of bioprocessing assemblies and components used in the manufacturing of biopharmaceuticals. 

Sheridan, founded in 2012 and based in Chicago, is a healthcare-focused firm that pursues buyouts and growth equity investments in the lower middle market. The firm concentrates on providers, outsourced services, products and manufacturing, and software and technology.

Terms of the investment were not disclosed.

Nordic Capital has entered into a definitive agreement to acquire the medical business of BWX Technologies in a transaction valued at up to $800 million, according to a news release.

BWX Technologies (NYSE: BWXT), based in Lynchburg, Virginia, is a manufacturing and engineering company that provides nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine and space exploration.

Nordic, founded in 1989 and with its U.S. office in New York, is a private equity firm that focuses on healthcare and several other sectors.

The transaction, which is expected to close by the end of 2026, includes BWXT Medical and Kinectrics’ stable medical isotopes business. BWXT will retain a minority ownership in the new company.

KKR has entered into a definitive agreement to acquire Integer Holdings Corp. in a transaction valued at approximately $5.7 billion, according to a news release.

Integer (NYSE: ITGR), founded in 1970 and based in Plano, Texas, is a global medical device contract development and manufacturing organization serving the cardio and vascular, neuromodulation, and cardiac rhythm management markets. The company’s brands include Greatbatch Medical and Lake Region Medical.

KKR (NYSE: KKR) is a global investment firm that offers alternative asset management as well as capital markets and insurance solutions.

The transaction is expected to close by the end of the year. Upon its completion, Integer will become a privately held company.