Renovus Capital Partners has announced the acquisition of Superior Health Holdings.

Superior, formed in 2021 and based in Baton Rouge, Louisiana, is a provider of home health and hospice services throughout Louisiana.

Renovus, based in Philadelphia, is a lower middle market private equity firm that invests in a few sectors, including healthcare services. Founded in 2010, the firm invests across a range of healthcare companies, including those in life sciences commercialization, IT, revenue cycle management and behavioral health.

Terms of the acquisition were not disclosed.

McGuireWoods partner and host Geoff Cockrell and associate Amanda Roenius welcome Jessica Nunn, CEO of Maven Financial Partners, for a discussion about the convergence of med spas and private equity.

Jessica describes key characteristics of the med spa arena, different membership models and drivers of profitability and explains why she expects the space to be more competitive in 2025. 

Morgan Stanley Capital Partners (MSCP) recently announced that it will acquire Prescott’s from Atlantic Street Capital.

Prescott’s, founded in 1984 and based in Monument, Colorado, is a provider of medical equipment repair and maintenance service solutions as well as refurbished equipment and parts sales and rentals to care settings across the United States and United Kingdom.

MSCP, established in 1986, is the middle market-focused private equity platform at Morgan Stanley Investment Management. MSCP pursues majority equity investments in a broad range of industries, including healthcare, targeting companies with enterprise values from $200 million to $750 million and EBITDA from $10 million to $60 million.

Atlantic Street, based in Greenwich, Connecticut, seeks control equity investments in lower middle market businesses. Founded in 2006, the firm has wide flexibility on investment size in healthcare and other industries and targets companies with EBITDA from $4 million to $25 million.

Terms of the transaction were not disclosed.

Frontier Growth has announced an investment in Nymbl Systems.

Nymbl, founded in 2016 and based in Dublin, Ohio, is a provider of cloud-based practice management software for orthotics and prosthetics, complex rehabilitation technology, and home medical equipment providers.

Frontier, founded in 1999 and based in Charlotte, North Carolina, is a growth equity firm that invests in vertical SaaS companies in the lower middle market. The firm makes between $5 million and $30 million in initial equity investments.

Terms of the investment were not disclosed.

An affiliate of New Enterprise Associates (NEA) will acquire NeueHealth for approximately $1.3 billion, according to a news release.

NeueHealth (NYSE: NEUE), founded in 2015 and based in Doral, Florida, operates clinics under the brand names of Centrum Health, AssociatesMD and Premier Medical Associates. The company also provides a suite of technology and services to independent providers and medical groups.

NEA, founded in 1977 and based in Menlo Park, California, specializes in investments in venture growth equity at all stages. The firm has wide flexibility on investment size, primarily targeting healthcare and technology companies.

Upon completion of the transaction, NeueHealth will become a privately held company.

Flexpoint Ford has announced a growth equity investment in Apollo Care.

Apollo Care, based in Chicago, is a developer of patient access and analytics solutions for pharmaceutical brands.

Flexpoint Ford, founded in 2005 and based in Chicago, invests in the healthcare and financial services industries. The firm pursues investments from $50 million to $500 million in a single transaction, including investments in minority and majority structures in both private and public companies.

Terms of the investment were not disclosed.

Heritage Group has invested in Nationwide Medical, according to a news release.

Nationwide, founded in 2002 and based in Calabasas, California, is a provider of home medical equipment and clinical services for patients with chronic sleep and respiratory conditions.     

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

Terms of the investment were not disclosed.