Prairie Capital recently announced its acquisition of Medefil in partnership with executives Ankit Aggarwal and Jack Glerum.

Medefil, founded in 1998 and based in Glendale Heights, Illinois, is a pharmaceutical developer, manufacturer and marketer of prefilled syringe products for acute care end markets.

Prairie, founded in 1997 and based in Chicago, is a private equity firm focusing on the lower middle market. It makes control equity investments in founder-owned companies.

Terms of the transaction were not disclosed.

Avesi Partners recently announced it made an investment in New Age Medical.

New Age, founded in 2012 and based in St. Louis, Missouri, is a medtech hub designed to support the flow of medical solutions, primarily for spinal surgery, from manufacturers, through reps, to hospitals, ambulatory surgery centers and surgeons.

Avesi, founded in 2021 and based in Stamford, Connecticut, is a private equity firm focused on healthcare services, healthcare technology and business services. The firm generally targets lower middle market companies with around $5 million to $30 million of EBITDA.

Terms of the investment were not disclosed.

Webster Equity Partners has entered into a definitive agreement to acquire Lifecore Biomedical in a transaction valued at up to $663.7 million, according to a news release.

Lifecore (Nasdaq: LFCR), founded in 1965 and based in Chaska, Minnesota, is a contract development and manufacturing organization specializing in the development and fill/finish of sterile injectable pharmaceuticals. It is also a manufacturer of injectable-grade hyaluronic acid.

Webster, based in Waltham, Massachusetts, is a middle market private equity firm focused exclusively on healthcare. It typically targets businesses with revenue between $20 million and $200 million. The firm’s identified practice areas are physician practice management, post-acute care, women’s and children’s health, behavioral health and pharma services.

The deal is expected to close at the end of the fourth quarter of 2026. Upon completion, Lifecore’s common stock will be delisted from the Nasdaq stock market

5th Century Partners (5CP) recently announced it made a strategic investment in ION PT Network.

ION, founded in 2017 and based in Tampa, Florida, is a physical therapy management company serving the workers’ compensation market.

5CP, founded in 2020 and based in Chicago, focuses on lower middle market companies within the healthcare and business services industries.

Terms of the investment were not disclosed.

In this episode of the Becker Private Equity & Business Podcast, Holly Buckley, Chair of Healthcare at McGuireWoods, discusses the opportunities and challenges of private equity in healthcare, including regulatory scrutiny, value creation, and alignment among investors, clinicians, and operators.

Value-based care is one of healthcare’s biggest bets on changing how care is delivered and paid for, but how well has it worked? Dawn Owens, CEO and partner at healthcare investor Truehelm, gives the model a “C” overall. 

In this conversation with McGuireWoods partner and host Geoff Cockrell, Dawn explains why this model — in which providers are rewarded for better outcomes and lower costs rather than more services — works better for stable, concentrated populations such as seniors than for commercially insured patients who move between employers and payers. She also discusses why specialist investors are positioned to navigate the sector, how Medicare Advantage disruption is reshaping the market and where AI can ease administrative burdens on primary care physicians.

HealthSpan Partners, an affiliate of Bon Secours Mercy Health, has entered into a definitive agreement to acquire Surgery Partners, with Bain Capital Private Equity rolling over its stake, according to a news release.

Surgery Partners (NASDAQ:SGRY), founded in 2004 and based in Brentwood, Tennessee, is a national short-stay surgical facility owner and operator.

Bain Capital Private Equity, founded in 1984 and based in Boston, focuses on making control and minority equity investments and prefers to make more substantial investments from a dollars perspective. The firm invests in healthcare and several other industries. Within healthcare, Bain Capital Private Equity targets companies in the provider services, hospital/major facilities, life sciences/pharmaceutical and non-reimbursement industries.

HealthSpan Partners is a contractual affiliate and supporting organization of Bon Secours Mercy Health. Bon Secours Mercy Health, founded in 2018 and based in Cincinnati, is a nonprofit Catholic health system created through the merger of Bon Secours Health System and Mercy Health.

McGuireWoods served as healthcare regulatory counsel to HealthSpan Partners.

The all-cash transaction, valued at approximately $5.7 billion in enterprise value, is expected to close in the first quarter of 2027.

Sheridan Capital Partners has announced the closing of a new fund.

The fund, Sheridan Capital Partners Fund IV, reached its hard cap with $1.1 billion of total commitments.

Sheridan also closed its Healthcare IT Fund I with $245 million in capital commitments.

Sheridan, founded in 2012 and based in Chicago, is a healthcare-focused firm that takes control positions, including buyouts and partial recapitalizations, in the lower middle market. The firm concentrates on providers, outsourced services, products and manufacturing, and software and technology.

Arcventis Health Partners has made a majority growth investment in Aligned Modern Health (AMH), according to a news release.

AMH, based in Chicago, offers functional medicine and hormone healthcare through virtual care in over 20 states and 16 Chicago-area clinics.

Arcventis, founded in 2025 and based in New York, is a U.S.-focused healthcare investment firm pursuing growth equity and growth buyout strategies. It invests in healthcare IT, digital health, medical products, and healthcare infrastructure and supporting services.

Harbour Point Capital remains an investor in AMH.

Terms of the investment were not disclosed.

Sheridan Capital Partners recently announced that it invested in PtEverywhere (PtE).

PtE, founded in 2015 and based in Cary, North Carolina, is a practice management and integrated payments software platform serving outpatient physical therapy and related rehabilitation providers.

Sheridan, founded in 2012 and based in Chicago, is a healthcare-focused firm that takes control positions, including buyouts and partial recapitalizations, 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.