The Healthcare Investor

Angela Zenon

Gillian Francis

McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are continuing our  series of profiling women leaders in private equity. We are hopeful that this series will serve to inspire other women to pursue their careers in private equity in a way that best challenges and motivates them, which these impressive women have all done. We are pleased to feature Gillian Francis and Angela Zenon of 3antas Capital Partners. Access their profile by clicking here.

To recommend a woman for a future interview, email Amber Walsh at awalsh@mcguirewoods.com.

Linden Capital Partners and Audax Private Equity have invested in StatLab Medical Products, according to a news release.

StatLab, based in McKinney, Texas, is a manufacturer and distributor of consumables, reagents and equipment used by anatomic pathology, molecular diagnostics and other laboratories. Founded in 1976, the company provides more than 5,000 diagnostic products and equipment.

Linden, based in Chicago, is a private equity firm focused exclusively on the healthcare industry. Founded in 2004, 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.

Audax, with private equity offices in Boston, New York and San Francisco, focuses on investments in middle market companies and has a wide flexibility on investment size. Founded in 1999, the firm targets companies within healthcare and several other industries, specifically those generating between $10 million and $50 million in annual EBITDA.

Terms of the investment were not disclosed.

Martis Capital has announced it completed the sale of Altruista Health to HealthEdge Software, a portfolio company of the Blackstone Group.

Altruista, based in Reston, Va., is a provider of care management and population health management solutions designed to support value-based and person-centered care models.

HealthEdge, based in Powell, Ohio, is the developer of HealthRules Payor, a financial, administrative and clinical platform for health insurers.

Martis Capital, with offices in San Francisco and Washington, D.C., is a private equity firm focused exclusively on the healthcare industry. Founded in 2012, the firm targets growth-oriented healthcare companies in the middle market.

The Blackstone Group, based in New York, targets investments in established and growth-oriented businesses. Founded in 1985, Blackstone’s asset management businesses has nearly $584 billion in assets under management.

Terms of the transaction were not disclosed.

Linden Capital Partners has announced it has made a majority investment in Specialty Networks.

Specialty Networks, based in Rocky River, Ohio, is comprised of UroGPO, a urology-specific group purchasing organization and provider of educational programs for providers; PPS Analytics, a clinical and business intelligence company serving providers and industry partners; Specialty Networks Consulting and UroMSO. The company, founded in 2018, provides services and solutions to independent urology organizations.

Linden Capital Partners, based in Chicago, is a private equity firm focused exclusively on the healthcare industry. Founded in 2004, 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.

Terms of the investment were not disclosed.