New Mountain Capital announced the closing of its second non-control private equity fund.

The fund, New Mountain Strategic Equity Fund II, closed at $1.2 billion, exceeding its hard cap of $1 billion.

New Mountain, founded in 1999 and based in New York, is a growth-oriented investment firm. Areas of focus for the firm include life science supplies, healthcare and healthcare technologies. New Mountain’s private equity strategy sees the firm pursuing controlling stakes, with New Mountain generally investing between $100 million and $500 million per transaction in companies with enterprise values typically between $100 million and $1 billion.

Lead Capital Partners (LCP) has announced an investment in PedsOne.

PedsOne, founded in 2011 and based in Nashville, Tennessee, is a provider of outsourced revenue cycle management and consulting services to independent pediatric practices throughout the United States.

LCP, founded in 2011 and based in Nashville, Tennessee, is a lower middle market private equity firm focused on investing in healthcare services, healthcare IT and provider-based platforms. The firm pursues investments in companies with between $10 million to $75 million in revenue and between $2 million and $7 million in EBITDA.

Terms of the investment were not disclosed.

WindRose Health Investors has announced an investment in Avalon Healthcare Solutions.

Avalon, founded in 2013 and based in Tampa, Florida, is a healthcare technology company that manages the appropriate use of routine and genetic diagnostic laboratory tests on behalf of health plan clients.

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.

Francisco Partners (FP) made an additional investment in Avalon. FP, founded in 1999 and based in San Francisco, is a private equity firm that specializes in investments in technology and technology-enabled businesses.

Terms of the investments were not disclosed

Eir Partners Capital announced the closing of its third fund.

The fund, Eir Partners III, closed with aggregate capital commitments of $1 billion, exceeding its target of $800 million.

Eir, founded in 2015 and based in Miami, is a middle market private equity firm focused on healthcare technology and tech-enabled services. Eir’s targeted stages of investment include growth equity through control buyouts and investment sizes ranging from $25 million to $125 million.

Veritas Capital announced one of its affiliates will acquire a majority stake in Global Healthcare Exchange (GHX).

GHX, founded in 2000 and based in Louisville, Colorado, is a supply chain software platform.

Veritas, founded in 1992 and based in New York, is a private equity firm that primarily targets technology or technology-enabled solutions for several sectors, including healthcare.

Terms of the investment were not disclosed. Veritas will join existing GHX shareholders Temasek and Warburg Pincus.

Lindsay Goldberg announced the closing of its sixth fund.

The fund, Lindsay Goldberg VI, closed with $4.9 billion, surpassing its target of $4.0 billion.

Lindsay Goldberg, founded in 2001 and based in New York, is a private investment firm focused on healthcare, industrials and services. Since its founding in 2001, the firm has raised $24 billion and invested $17 billion in 66 platforms and more than 350 add-ons.

Grant Avenue Capital announced it has acquired PatientCare EMS Solutions.

PatientCare, founded in 1998 and based in Tyler, Texas, is a provider of ground ambulance services, delivering emergency and non-emergency medical transportation to communities across multiple geographies. 

Grant Avenue, founded in 2019 and based in New York, is a healthcare-focused, middle market private equity firm. The firm generally targets companies with approximately $5 million to $25 million of EBITDA and pursues founder recapitalizations, majority buyouts, minority investments, corporate carve-outs and special situations.

Terms of the acquisition were not disclosed. McGuireWoods served as Grant Avenue’s legal counsel.

Gauge Capital announced it has invested in Reliable Medical.

Reliable, founded in 1989 and based in Nashville, Tennessee, is a provider of complex rehabilitation technology and related mobility and home medical equipment solutions across the United States.

Gauge, founded in 2013 and based in Southlake, Texas, is a middle market private equity firm that invests in healthcare and other sectors. The firm typically targets businesses with roughly $5 million or more in EBITDA and pursues platform investments in companies with total enterprise values generally in the $50 million to $500 million range.

Terms of the investment, which saw Gauge provide growth capital and complete a recapitalization of Reliable, were not disclosed.

Platinum Equity has announced it acquired the Products & Healthcare Services (P&HS) segment of Owens & Minor.

Owens & Minor P&HS, based in Richmond, Virginia, is a medical supply distribution platform primarily serving the U.S. acute care market.

Platinum Equity, founded in 1995 and based in Los Angeles, is a global investment firm. The firm specializes in private equity buyouts and invests in a wide range of sectors.

Owens & Minor, which was rebranded as Accendra Health effective Dec. 31, 2025, is a Fortune 500 global healthcare solutions company providing products and services that support care from the hospital to the home. The company retained a 5 percent interest in Owens & Minor P&HS following the transaction.

Rivalry Capital recently announced its launch.

Rivalry, based in Denver, is a private equity firm focused on investing in emerging and lower middle market companies in the healthcare and technology sectors.

The firm was founded by Jim Chandler, Matt Young, and Drs. Robert Moghim and Kian Modanlou.