Health care continues to drive private equity (“PE”) activity, creating opportunities for investors and traditional health care providers. Transactions in the health care space are especially complicated, layering health care regulatory and reimbursement considerations on top of a complex securities, antitrust, privacy and security framework.
Hall Render’s PE team of attorneys and advisors leverage the strength and depth of our bench to navigate and efficiently execute PE transactions. The summary below includes highlights of recent PE deals and legislative updates.
- 5th Century Partners recently announced a strategic investment in ION PT Network, a physical therapy management company serving the workers’ compensation market. ION coordinates care on behalf of payors, employers and third-party administrators through independent providers, assigning each referral to a licensed clinical case owner. 5th Century Partners, headquartered in Chicago, IL, is a private investment firm that partners with lower middle-market health care and business services companies.
- 5th Century Partners recently announced the sale of its portfolio company Radon Medical Imaging to Leonard Green & Partners, L.P. Radon, headquartered in Charleston, WV, provides maintenance and repair services for medical imaging equipment and has operations across 26 states. Since 2022, when 5th Century Partners invested, Radon has more than tripled its revenue. Leonard Green & Partners, headquartered in Los Angeles, CA, is a PE firm that invests primarily in services businesses, including consumer, health care and business services.
- TailorMed, a medication access and financial assistance technology company, recently announced a majority investment from GrowthCurve Capital. TailorMed’s platform is integrated into clinical and pharmacy workflows at more than 950 hospitals, helping patients identify and enroll in programs that offset out-of-pocket medication costs. GrowthCurve Capital, headquartered in New York, NY, is a PE firm that focuses on middle-market technology companies.
- PRISM Vision Group recently announced its acquisition of Spectrum Vision Partners, a practice administrative services organization that supports more than 150 independent eye care providers. Spectrum, headquartered on Long Island, supports 58 ophthalmology sites and five ambulatory surgery centers across New York, Pennsylvania, Connecticut, New Jersey and West Virginia. PRISM, headquartered in New Providence, NJ, provides administrative services to general ophthalmology and retina practices and is supported by McKesson Corporation.
- ECA Medical, a designer and manufacturer of single-use instruments and surgery-ready solutions for the medical device industry, recently announced an agreement under which Curewell Capital will acquire a majority stake from LongueVue Capital. ECA is headquartered in Thousand Oaks, CA, and the transaction is expected to close in the fourth quarter of 2026. Curewell Capital, headquartered in Los Angeles, CA, is a PE firm focused exclusively on health care, with investments across services, pharmaceutical services, medical devices and health care technology.
For questions or additional information on private equity matters, please contact:
- Rubin Pusha III at (773) 550-6859 or rpusha@hallrender.com; or
- Your primary Hall Render contact.
Hall Render blog posts and articles are intended for informational purposes only. For ethical reasons, Hall Render attorneys cannot—outside of an attorney-client relationship—answer specific questions that would be legal advice.
