Investment Summary

New Heritage Capital Invests In Rhythmlink

On March 4, 2019, private equity firm New Heritage Capital invested in medical products company Rhythmlink

Investment Highlights
  • This is New Heritage Capital’s 1st transaction in the Medical Products sector.
  • This is New Heritage Capital’s 19th transaction in the United States.
  • This is New Heritage Capital’s 1st transaction in South Carolina.
Investment Fate
  • Rhythmlink was sold to a consortium of financial buyers in 2023.

Investment Summary

Date 2019-03-04
Target Rhythmlink
Sector Medical Products
Investor(s) New Heritage Capital
Deal Type Growth Capital

Target

Rhythmlink

Columbia, South Carolina, United States
website
Rhythmlink designs, manufactures, and distributes consumable medical electrodes and provides custom packaging, private labeling, and custom products to leading hospitals, medical centers, and service providers. It is recognized as a leader within its field in providing the important physical connection between patients and the diagnostic equipment to record or elicit neurophysiologic biopotentials. Rhythmlink was formed in 2002 and is based in Columbia, South Carolina.

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Investor(S) 1

Investor

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital LLC is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital LLC was formed in 2006 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 22 of 29
Sector (Medical Products) 1 of 1
Type (Growth Capital) 9 of 16
State (South Carolina) 1 of 1
Country (United States) 19 of 26
Year (2019) 1 of 2
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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Revela Foods

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