Wellspring Capital Management has acquired Summit Spine & Joint Centers, according to a news release.

Summit, founded in 2014 and based in Lawrenceville, Georgia, is a provider of minimally invasive spine services in the southeastern United States. Summit manages and operates 17 ambulatory surgery centers and 44 clinics across Georgia, North Carolina, South Carolina and Tennessee.

Wellspring, founded in 1995 and based in New York, is a middle market private equity firm. The firm generally 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.

Wellspring partnered with Summit’s management team and existing sponsor, MSouth Equity Partners, to complete the acquisition.

Terms of the transaction were not disclosed.

An affiliate of SK Capital Partners has invested in Spectrum Vascular, according to a news release.

Spectrum, founded in 2023 and based in White Plains, New York, is a medical device company focused on vascular access and medication management.

SK Capital, founded in 2007 and based in New York, is a private equity firm focused on the life sciences and a few other sectors. The firm typically pursues control buyouts, recapitalizations and growth equity investments.

Terms of the investment were not disclosed.

The optometry market suffers from a staffing shortage but benefits from an aging population — a balance of headwinds and tailwinds that Dr. Ben Chudner discusses with McGuireWoods partner and host Geoff Cockrell.

The chief medical officer at AEG Vision, a private equity consolidator of optometric practices, Ben explains that while the number of optometry schools has increased, the number of applicants has not. He remains optimistic about the market’s growth potential due to an aging population and the increase of eye-related diseases such as cataracts and macular degeneration.

Insight Partners has sold CentralReach to Roper Technologies for around $1.65 billion, according to a news release.

CentralReach, founded in 2012 and based in Fort Lauderdale, Florida, is a provider of software to support the workflow and administration of applied behavior analysis therapy.

Insight Partners, founded in 1995 and based in New York, is a global private equity and venture capital firm. The firm pursues technology and software scaleup companies in healthcare and other verticals.

Roper (NASDAQ: ROP), founded in 1890 and based in Sarasota, Florida, designs and develops vertical software and technology-enabled products for a variety of markets.

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 and finance. We are hopeful that this series will serve to inspire other women to pursue their careers in private equity and finance in a way that best challenges and motivates them, which these impressive women have all done. We are pleased to feature Caroline Dallas of GEM Investments. Access her profile.

To recommend a woman for a future interview email WPEF@mcguirewoods.com.

AIM Equity Partners has made a majority-control growth investment in AMOpportunities (AMO), according to a news release.

AMO, founded in 2013 and based in Chicago, provides service and software solutions designed to help medical trainees secure rotations and support hosts and schools to manage them.

AIM, founded in 2022 and based in Los Angeles, is a private equity firm that invests in software and tech-enabled services companies.

Terms of the acquisition were not disclosed.

Knox Lane has announced an investment in Healthcare Experts Squared (HCEsquared).

HCEsquared, founded in 2001 and based in Vail, Colorado, is an education, information and services platform serving healthcare professionals.

Knox Lane, founded in 2019 and based in San Francisco, is a middle market investment firm targeting companies within the consumer and services sectors.

Terms of the investment were not disclosed.

McGuireWoods partner and host Geoff Cockrell invites Jeremy Johnson, senior managing director at Bourne Partners investment bank, for a discussion about business and investment prospects in three healthcare sectors: pharma services, provider services and payor services. 

The pharma services sector faces challenges from reduced biopharma funding while the provider services sector sees improving conditions despite past pressures. The payor services sector, particularly around pharmacy benefit managers, is likely to undergo disruption and reform. The outlook for healthcare M&A activity is positive in 2025, though the shifting regulatory environment introduces uncertainty.

InTandem Capital Partners has announced it has completed an investment in Clinilabs.

Clinilabs, founded in 2000 and based in Eatontown, New Jersey, is a contract research organization focused on central nervous system drug, device and technology development.

InTandem, founded in 2011 and based in New York, focuses on acquiring middle market healthcare services companies. The firm prefers to make more substantial investments from a dollars perspective in the provider services and non-reimbursement industries.

Terms of the investment were not disclosed.

Eir Partners Capital has announced a growth investment in Porter.

Porter, founded in 2021 and based in Baltimore, Maryland, is a healthcare information technology and services platform for care and coverage coordination.

Eir, founded in 2015 and based in Miami, is a middle market private equity firm focused on healthcare technology and tech-enabled services. Eir’s targeted stages of investment include growth equity through control buyouts and investment sizes ranging from $25 million to $125 million.

Terms of the investment were not disclosed.