Investment Summary

HCAP Partners and Baymark Partners Invest In New Promise Neuropathy

On September 27, 2022, growth capital firm HCAP Partners and private equity firm Baymark Partners invested in healthcare services company New Promise Neuropathy

Investment Highlights
  • This is HCAP Partners’ 8th and Baymark Partners’ 3rd transaction in the Healthcare Services sector.
  • This is HCAP Partners’ 56th and Baymark Partners’ 14th transaction in the United States.
  • This is HCAP Partners’ 5th and Baymark Partners’ 4th transaction in Texas.

Investment Summary

Date 2022-09-27
Target New Promise Neuropathy
Sector Healthcare Services
Investor(s) HCAP Partners
Baymark Partners
Deal Type Growth Capital

Target

New Promise Neuropathy

Arlington, Texas, United States
New Promise Neuropathy is a health clinic specializing in the treatment of all types of neuropathy and musculoskeletal pain and ailments. New Promise Neuropathy specializes in Combination Electroanalgesia Treatment (CET) to heal or reverse peripheral neuropathy. New Promise Neuropathy was founded in 2010 and is based in Arlington, Texas.

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Investor(S) 2

Investor

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 670M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $5 to $35 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 56 of 67
Sector: Healthcare Services M&A 8 of 12
Type: Growth Capital M&A Deals 36 of 43
State: Texas M&A 5 of 6
Country: United States M&A 56 of 66
Year: 2022 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Lumifi Cyber

Scottsdale, Arizona, United States

Lumifi Cyber is a next-generation managed detection and response (MDR) cybersecurity software provider. Lumifi Cyber's cutting-edge platform combines attack simulation, automated remediation, and continuous threat monitoring software with a proactive managed cybersecurity service that delivers continuous end-to-end protection for businesses nationwide against ransomware and the latest security threats. Lumifi Cyber is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 IronRod Health

Phoenix, Arizona, United States

IronRod Health provides sustainable solutions to decrease the cost of delivering quality healthcare through technology and innovation. The Company currently offers remote patient monitoring, device technician training, and an integrated software platform that delivers actionable insights to providers to help their patients. IronRod Health was formed in 2016 and is based in Phoenix, Arizona.

Buy -
Investor

Baymark Partners

Plano, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Baymark Partners is a private equity group focused on acquiring smaller growth companies that can expand into mid-sized businesses. Baymark generally looks for companies that are breakeven or have up to $20 million in EBITDA. Sectors of interest include business services, IT outsourcing and medical/healthcare services. Baymark prefers opportunities in Texas and neighboring states. Baymark Partners is based in Dallas.


DEAL STATS #
Overall 14 of 14
Sector: Healthcare Services M&A 3 of 3
Type: Growth Capital M&A Deals 1 of 1
State: Texas M&A 4 of 4
Country: United States M&A 14 of 14
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-24 Rackmount Solutions

Plano, Texas, United States

Rackmount Solutions provides off-the-shelf, custom, and niche server racks, server cabinets, wall mounts, portable cooling solutions, outdoor enclosures, batteries, integrated AC and DC power system solutions, rack accessories, and power, along with installation and maintenance services over the phone. Rackmount Solutions was formed in 2001 and is based in Plano, Texas.

Buy -