Heritage Group has announced an investment in Equiti Health.

Equiti, founded in 2004 and based in Sunrise, Florida, is a provider of healthcare-focused language interpretation services.

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

Heritage joins GTCR as an investor in Equiti. GTCR invested in the company earlier this year. GTCR, based in Chicago, pursues a wide range of investments in several industries, including healthcare. Founded in 1980, the firm prefers to make more substantial investments from a dollars perspective.

Terms of the investment were not disclosed.

There are already big players in the pediatric and orthodontic space, so what inspired Ananya Shah and Will MacInnis to launch their own dental service organization? The answer lies in untapped markets and “a ton of opportunity.”

With host Geoff Cockrell, Ananya and Will outline their journey from running a tech-focused healthcare start-up in Silicon Valley to co-founding Cliff Ridge Specialty Partners about a year ago. They explain what differentiates Cliff Ridge, including their strategy of giving full clinical autonomy to providers, and their operational and technological playbook that makes the lives of the doctors and office managers easier.

Tune in to hear their insights on how they manage labor pressures, the factors that are more important to doctor retention than noncompete agreements, and why their greatest opportunity in the next year may be to acquire more pediatric practices.

Bain Capital Life Sciences (BCLS) has announced a new fund with approximately $3 billion in total commitments. 

The fourth fund for BCLS includes approximately $2.5 billion of outside commitments from existing and new investors.  

The fund will invest in medicines, medical devices, diagnostics and life sciences tools.

BCLS, founded in 2016, states that it has raised approximately $6.7 billion and invested in more than 70 companies.

Amulet Capital Partners has announced the acquisition of the Genetics & IVF Institute (GIVF).

GIVF, founded in 1984 and based in Fairfax, Virginia, is a provider of reproductive tissue banking and related reproductive technology services. The company’s brands including Fairfax Cryobank and Fairfax Eggbank.

Amulet, based in Greenwich, Conneticut, is a middle market private equity investment firm focused exclusively on the healthcare sector. Founded in 2015, the firm typically invests between $25 million and $200 million in healthcare companies within segments that include life sciences outsourcing, payors and payor services, and providers and outsourced services.

Terms of the transaction were not disclosed.

WindRose has announced an investment in MyndYou.

MyndYou, founded in 2016 and based in New York, is a provider of conversational artificial intelligence solutions for healthcare.

WindRose, based in New York, pursues control equity investments in healthcare companies. Founded in 2000, 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.

WindRose recapitalized MyndYou and provided additional funding intended to support the company’s growth.

Terms of the investment were not disclosed.

At six months out, Seva Dental Team – Naimish Patel’s second venture in the dental consolidation arena – is already as successful as his first operation was at three years. What’s driving Seva’s fast-track? “We believe in picking a lane and swimming really fast in it,” explains Naimish, Seva’s chairman and co-founder. “We are exclusively GP-focused, and we’re acquisition-based.”

With host Geoff Cockrell, Naimish breaks down his strategies. A critical one is to acquire practices that doctors plan to transition out of within 12 to 24 months. Seva then brings in its own doctors “to take over that practice very quickly and, frankly, grow it.”

Audax Private Equity has announced it will sell United Urology Group (UUG) to OneOncology.

UUG, founded in 2016 and based in Owings Mills, Maryland, is a management services organization for a network of urology affiliate practices with locations in Arizona, Colorado, Delaware, Maryland and Tennessee.

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 $5 million and $80 million in annual EBITDA.

OneOncology, founded in 2018 and based in Nashville, Tennessee, is a national network of independent oncology practices.

Terms of the transaction, expected to be completed by the end of 2024, were not disclosed.

Audax Private Equity has announced it will acquire the clinical services business of Avantor (NYSE: AVTR).

Avantor, founded in 1904 and based in Radnor, Pennsylvania, is a life science tools company. Its clinical services division provides clinical trial and laboratory supply chain services to pharmaceutical and biotechnology companies, contract research organizations (CROs) and diagnostic laboratories throughout the world.

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 $5 million and $80 million in annual EBITDA.

Terms of the acquisition were not disclosed.

M&A activity in the healthcare space has slowed since 2022, but with stable interest rates and creative deal structuring, activity should increase going forward.

Host Geoff Cockrell is joined by Jamie Heidbreder, managing director in Fifth Third’s Healthcare Investment Banking group, to discuss challenges in healthcare M&A since 2022, the factors leading to an uptick in activity, and how balancing scrapes, income repair, and other factors can lead to more M&A deals.

Tune in to learn how healthcare M&A, especially in middle markets, should be on the rise for the rest of 2024 and into 2025.

Blackstone will acquire Chartis from Audax Private Equity, according to a news release. Audax will remain invested in the company.

Chartis, founded in 2001 and based in Chicago, is a healthcare advisory firm with brands including Chartis, Jarrard, Greeley and HealthScape Advisors.

Blackstone (NYSE: BX), founded in 1985 and based in New York, is investing in Chartis through its core private equity strategy. The firm is one of the world’s largest alternative asset managers.

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 $5 million and $80 million in annual EBITDA.

Terms of the transaction were not disclosed.