Investment Summary

Advantage Capital Partners and New Capital Partners Invest In HospiScript Services

On July 20, 2005, growth capital firm Advantage Capital Partners and private equity firm New Capital Partners invested in healthcare services company HospiScript Services

Investment Highlights
  • This is Advantage Capital Partners’ 1st and New Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is Advantage Capital Partners’ 34th and New Capital Partners’ 1st transaction in the United States.
  • This is Advantage Capital Partners’ 3rd and New Capital Partners’ 1st transaction in Alabama.
Investment Fate
  • HospiScript Services was sold to a publicly-traded strategic buyer in 2008 for 108M USD.

Investment Summary

Date 2005-07-20
Target HospiScript Services
Sector Healthcare Services
Investor(s) Advantage Capital Partners
New Capital Partners
Deal Type Venture

Target

HospiScript Services

Montgomery, Alabama, United States
HospiScript Services is a pharmaceutical services company working exclusively with hospices and dedicated to improving patient care and reducing pharmacy costs. HospiScript empowers hospices with the ability to reduce their drug costs and gain administrative efficiencies by providing access to a nationwide network of pharmacies and integrating powerful tools and resources.

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Investor(S) 2

Investor

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 34 of 329
Sector: Healthcare Services M&A 1 of 8
Type: Venture M&A Deals 22 of 125
State: Alabama M&A 3 of 5
Country: United States M&A 34 of 325
Year: 2005 M&A 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-07 APF Group

Mount Vernon, New York, United States

APF Group is a manufacture of liners, summer covers, winter safety covers and works in distribution of rollers and reinforced PVC waterproofing materials. APF Group was founded in 1994 and is based in Mount Vernon, New York.

Buy $700K
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-17 Alfalight

Madison, Wisconsin, United States

Alfalight, Inc. is a Madison, Wisconsin based designer and manufacturer of high reliability, rugged laser based, electro-optic systems for defense and security applications. Alfalight has established itself as an expert in solid state lasers and is designed into a number of long-term contracts for the defense sector in the USA.

Buy -
DESCRIPTION

New Capital Partners is a private equity firm focused on investing in high-growth companies. The Firm has a preference for Southeast US-based companies looks to acquire and/or partner with businesses and management teams who are seeking to build sustainable companies. Sectors of interest include healthcare services, healthcare IT, financial services, financial technology, and business services. New Capital Partners was established in 2001 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 1 of 17
Sector: Healthcare Services M&A 1 of 5
Type: Venture M&A Deals 1 of 4
State: Alabama M&A 1 of 2
Country: United States M&A 1 of 16
Year: 2005 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Awarix

Birmingham, Alabama, United States

Awarix provides enterprise visibility software solutions which allow hospitals to streamline throughput, improve caregiver effectiveness and increase patient satisfaction.

Buy -