Wellspring Capital Management has acquired Pentec Health, according to a news release.
Pentec Health, based in Glen Mills, Pa., is a provider of compounded sterile medications. The company’s formulations are used for administration in dialysis centers as well as providing in-home targeted drug delivery through nursing services and complex pharmaceutical products to patients who require access outside of a hospital setting.
Wellspring, based in New York, is a middle market private equity firm with approximately $2 billion of private equity capital under management. Founded in 1995, the firm pursues controlling investments in companies with $100 million to $1 billion in enterprise value and $20 million to $100 million in EBITDA in healthcare services and several other sectors.
Terms of the acquisition were not disclosed.