Investment Summary

1315 Capital and Driehaus Private Equity Invest In Innovative Health

On January 1, 2014, growth capital firm 1315 Capital and private equity firm Driehaus Private Equity invested in medical products company Innovative Health

Investment Highlights
  • This is 1315 Capital’s 1st and Driehaus Private Equity’s 1st transaction in the Medical Products sector.
  • This is 1315 Capital’s 1st and Driehaus Private Equity’s 1st transaction in the United States.
  • This is 1315 Capital’s 1st and Driehaus Private Equity’s 1st transaction in Arizona.

Investment Summary

Date 2014-01-01
Target Innovative Health
Sector Medical Products
Investor(s) 1315 Capital
Driehaus Private Equity
Deal Type Venture

Target

Innovative Health

Scottsdale, Arizona, United States
Innovative Health is a Cardiology-focused medical device reprocessing company. The Company's reprocessing program combines optimal savings with industry expertise and a direct service model that minimizes operational challenges. Innovative Health was founded in 2014 and is based in Scottsdale, Arizona.

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Investor(S) 2

DESCRIPTION

1315 Capital is a private investment firm that provides expansion and growth capital to commercial-stage specialty pharmaceutical, medical technology, and healthcare service companies. The Firm will consider opportunities across the US and generally looks to commit $10 to $40 million per investment. 1315 Capital was formed in 2014 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 1 of 21
Sector (Medical Products) 1 of 7
Type (Venture) 1 of 6
State (Arizona) 1 of 1
Country (United States) 1 of 19
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 CHC Solutions

Pittsburgh, Pennsylvania, United States

CHC Solutions is an innovative and energetic home medical equipment and supply company. The company have taken on the challenge of meeting the home medical equipment, supply, and service needs of those requiring care in the home. The company service Philadelphia and the five surrounding counties as well as New Jersey and Delaware. CHC Solutions is based in Pittsburgh, Pennsylvania.

Buy -
DESCRIPTION

Driehaus Private Equity is a private investment firm focused on helping companies overcome growth challenges. The Firm will consider a variety of investment situations including growth capital financings, recapitalizations, buyouts, and consolidations. Sectors of interest include healthcare, manufacturing, services, and distribution. Driehaus seeks to commit $1 to $30 million per transaction in profitable companies with at least $10 million in annual revenue. Driehaus Private Equity was established in 2011 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Venture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 Syntac Coated Products

New Hartford, Connecticut, United States

Syntac Coated Products LLC is a designer and manufacturer of high performance, specialty, pressure-sensitive tapes for automotive, medical, construction, graphic arts, sound control and product assembly applications. Syntac Coated Products LLC was established in 2001 and is based in New Hartford, Connecticut.

Sell -