Platinum Equity has announced it will acquire the Products & Healthcare Services (P&HS) segment of Owens & Minor.

P&HS, based in Richmond, Virginia, is a medical supply distribution platform primarily serving the U.S. acute care market.

Platinum Equity, founded in 1995 and based in Los Angeles, is a global investment firm. The firm specializes in private equity buyouts and invests in a wide range of sectors.

Owens & Minor (NYSE: OMI) is a Fortune 500 global healthcare solutions company providing products and services that support care from the hospital to the home.

Owens & Minor, which will retain a 5 percent interest in the segment, will receive a cash payment of $375 million at closing of the sale.

The transaction is expected to close near the end of the year.

The tables turn as McGuireWoods partner and host Geoff Cockrell steps into the guest seat, and Gordon Maner, CEO of the AMB group of companies and co-founder of Frontline Healthcare Partners, takes on hosting duties. Gordon and Geoff explore critical dynamics in healthcare M&A, from preparing first-time sellers for the rigors of a transaction to navigating the delicate partnership between private equity buyers and founder-led businesses. They discuss current market conditions, the resurgence of provider services deal activity and why focusing on market power rather than investor type makes more sense for regulation.

Bain Capital has announced the closing of its latest flagship private equity fund.

The fund, Bain Capital Fund XIV, closed at $14 billion. It was oversubscribed, surpassing the original target of $10 billion.

Bain Capital Private Equity, founded in 1984 and based in Boston, focuses on making control and minority equity investments and prefers to make more substantial investments from a dollars perspective. The firm invests in healthcare and several other industries. Within healthcare, Bain Capital Private Equity targets companies in the provider services, hospital/major facilities, life sciences/pharmaceutical and non-reimbursement industries.

QHP Capital has announced it has invested in Vector Clinical Trials.

Vector, based in Las Vegas, is a clinical research site network.

QHP, founded in 2022 and based in Raleigh, North Carolina, is a private equity firm that pursues investments in lower middle market healthcare companies primarily in North America. The firm targets tech-enabled companies in the life sciences and pharmaceutical services industries.

Terms of the investment were not disclosed.

Revelstoke Capital Partners has announced an investment in Griffin Concierge Medical.

Griffin, founded in 2008 and based in Tampa, Florida, is a concierge primary care group.

Revelstoke, founded in 2013 and based in Denver, focuses on investing in the healthcare and related business services sectors. The firm typically commits between $25 million and $350 million in equity per transaction.

Terms of the investment were not disclosed.

Hughes & Co. has invested in a merger between Curvo and BroadJump, according to a news release.

Curvo and BroadJump are healthcare data and supply chain technology companies.

Hughes & Co., founded in 2011 and based in Chicago, seeks control and minority equity investments in healthcare software and technology-enabled services companies. The firm has wide flexibility on investment size and generally targets lower middle market companies with between $10 million and $50 million in revenue.

Terms of the investment were not disclosed.

From New York to the Rocky Mountains, Marc Cabrera’s journey has spanned high-stakes healthcare deals to hands-on community service. Once a Wall Street investment banker, Cabrera is now the founder of Four Corners Capital, a Colorado-based investment firm focused on healthcare. In this conversation with McGuireWoods partner and host Geoff Cockrell, he shares how his view on making an impact has evolved — from executing milestone transactions to serving as a volunteer firefighter. 

“For me, it comes down to this: If I’m going to spend an hour or a day doing something, what kind of impact can I have — for my community, the broader world, my family and myself?”

Tune in to hear Cabrera’s insights on time allocation, strategic networking and the lesser-known challenges of the deal advisory business.

Sverica Capital Management has announced the sale of RMS Healthcare Management d.b.a. Med First.

Med First, founded in 2007 and based in Raleigh, North Carolina, is an independent provider of primary care services in North Carolina.

Sverica, founded in 1993 and with offices in Boston, San Francisco and Austin, Texas, pursues investments in the lower middle market. The firm invests in healthcare services and a few other sectors, targeting companies with under $250 million in total enterprise value. Within healthcare, Sverica pursues healthcare services, health IT, managed care and life sciences services companies.

Terms of the transaction were not disclosed.

Interlock Equity has announced a strategic growth investment in VeloSource.

VeloSource, founded in 2015 and based in St. Louis, Missouri, is a healthcare staffing and recruitment agency specializing in locum tenens services.

Interlock, founded in 2021 and based in Los Angeles, is a private equity firm that invests in lower middle market companies across North America. The firm focuses on healthcare, life sciences and a few other sectors, and it pursues companies with $15 million to $150 million in revenue.

Terms of the investment were not disclosed.

Ridgemont Equity Partners (REP) has announced the closing of a new fund.

The fund, Ridgemont Equity Partners V, closed at its hard cap of $3.975 billion. It was oversubscribed, surpassing the initial target of $2.75 billion.

REP, founded in 1993 and based in Charlotte, North Carolina, is focused on investing in middle market companies to secure majority ownership or be the lead minority investor. The firm prefers to make more substantial investments from a dollars perspective in several sectors, including healthcare.