TA Associates will make a growth investment in Intelerad, according to a news release.

Intelerad, with its U.S. headquarters in Raleigh, N.C., is a provider of enterprise medical imaging solutions. Founded in 1999, provides software and enterprise workflow solutions to healthcare providers worldwide, including radiology groups, outpatient imaging centers, hospitals and healthcare systems.

TA, based in Boston, considers a range of investment types, from minority to majority investments. Founded in 1968, the firm invests in healthcare and several other sectors.

Terms of the investment were not disclosed. The transaction is expected to close in the third quarter of 2022.

Heritage Group has invested in TwelveStone Health Partners, according to a news release.

TwelveStone, based in Murfreesboro, Tenn., is a provider of comprehensive chronic care medication services. Launched in 2016, the company’s offerings include ambulatory infusion, home infusion and packaged medication delivery.

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.

The investment from Heritage Group, terms of which were not disclosed, is intended to support expansion of infusion center services throughout the southeastern United States.

Norwest Equity Partners (NEP) has announced it has completed an investment in QTI Fibers.

QTI, based in Colfax, N.C., is a designer and manufacturer of technical fibers, fabrics and coatings for healthcare and other applications. Founded in 1922, QTI is comprised of three brands: Twitchell Technical Products, Quantum Materials and Infinity Woven Products.

Norwest, with offices in Minneapolis and West Palm Beach, Fla., is a middle market investment firm. Founded in 1961, Norwest seeks to invest $30 million to $250 million in companies with more than $10 million in EBITDA within healthcare and several other industries.

Terms of the investment were not disclosed.

Prior to NEP’s investment, QTI was a portfolio company of Highlander Partners.

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 Jessica Hudson of HealthEdge Investment Partners. Access her profile.

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

TPG Capital will take Convey Health Solutions Holdings (NYSE: CNVY) private, according to a news release.

Convey, based in Fort Lauderdale, Fla., is a specialized healthcare technology and services company. Founded in 2001, the company solutions, designed for government-sponsored health plans, are designed to support member interactions, compliance and Medicare processes.

TPG Capital, headquartered in Fort Worth, Texas and San Francisco, targets investments in middle-market companies in healthcare and a number of other industries. TPG Capital is the private equity platform of global alternative asset management firm TPG.

TPG is Convey’s principal shareholder. Under the terms of the definitive merger agreement, the firm will acquire all outstanding shares of Convey common stock, representing an enterprise value of about $1.1 billion.

Ampersand Capital Partners has completed an investment in Sterling Medical Devices, according to a news release.

Sterling, based in Moonachie, N.J., is a provider of electromechanical and software solutions for the medical device industry. Founded in 1998, the company assists healthcare companies in bringing to market medical device software and hardware, mechanical equipment, and mobile medical device apps.

Ampersand, based in Wellesley, Mass., is a middle market private equity firm with a focus on growth equity investments in the healthcare sector. Founded in 1988, the firm typically pursues majority or minority positions in companies generating between $10 million and $100 million in revenue.

Terms of the investment were not disclosed.

Levine Leichtman Capital Partners (LLCP) has announced it has acquired Technical Safety Services (TSS).

TSS, based in La Jolla, Calif., is a provider of testing, inspection, certification and calibration (TICC) services to customers in biotechnology, pharmaceutical, medical device and other facilities. Founded in 1970, the company supports organizations throughout North America and around the world.

LLCP, based in Beverly Hills, Calif., makes structured equity investments in middle market companies located primarily in the United States. Founded in 1984, the firm invests in healthcare and several other industries.

Terms of the acquisition were not disclosed.

Frazier Healthcare Partners has agreed to sell Parata Systems to BD for $1.525 billion, according to a news release.

Parata, based in Durham, N.C., is a provider of pharmacy technology solutions. Founded in 2006, the company offers a range of services, including medication adherence packaging technology and inventory management for long-term care, hospital, retail and at-home dispensing pharmacies.

BD (Becton, Dickinson and Company) (NYSE: BDX), based in Franklin Lakes, N.J., is global medical technology company.

Frazier Healthcare Partners, based in Seattle, is a provider of private equity capital to healthcare companies. The firm, founded in 1991, prefers to make more substantial investments from a dollars perspective and pursues a wide range of investment types, including company creation and venture capital to buyouts of profitable lower-middle market companies.

The transaction is expected to close by the end of the first half of BD’s fiscal year 2023.