Investment Summary

NewSpring Capital and Health Enterprise Partners Invest In ContinuumRx Services

On September 20, 2012, private equity firms NewSpring Capital and Health Enterprise Partners invested in healthcare services company ContinuumRx Services

Investment Highlights
  • This is NewSpring Capital’s 6th and Health Enterprise Partners’ 6th transaction in the Healthcare Services sector.
  • This is NewSpring Capital’s 68th and Health Enterprise Partners’ 10th transaction in the United States.
  • This is NewSpring Capital’s 1st and Health Enterprise Partners’ 1st transaction in Alabama.

Investment Summary

Date 2012-09-20
Target ContinuumRx Services
Sector Healthcare Services
Investor(s) NewSpring Capital
Health Enterprise Partners
Deal Type Growth Capital
Advisor(s) Ziegler (Financial)

Target

ContinuumRx Services

Birmingham, Alabama, United States
ContinuumRx Services provides a fully-integrated, specialty infusion service that improves care, lowers cost, provides a new source of revenue for its partners, and reduces preventable readmissions. ContinuumRx Services is based in Birmingham, Alabama.

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Investor(S) 2

Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 69 of 201
Sector: Healthcare Services M&A 6 of 16
Type: Growth Capital M&A Deals 22 of 106
State: Alabama M&A 1 of 2
Country: United States M&A 68 of 197
Year: 2012 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-06 Atlantic Diagnostic Laboratories

Bensalem, Pennsylvania, United States

Atlantic Diagnostic Laboratories is a provider of clinical testing laboratory specializing in high-end toxicology tests, including drug testing for methadone clinics, behavioral centers and pain management treatment, and clinical testing for hospitals and physician offices. Atlantic Diagnostic Laboratories was founded in 1979 and is based in Bensalem, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-14 Smooth Fitness

King of Prussia, Pennsylvania, United States

Smooth Fitness is an online seller of treadmills and manufacturer of a high-end line of fitness equipment and is based in King of Prussia, Pennsylvania.

Buy -
Investor
DESCRIPTION

Health Enterprise Partners is a private equity firm focused on the healthcare technology, tech-enabled services, and healthcare services. Specific areas of interest include behavioral health IT, consumer engagement platforms, data security, genomics data analytics, payor services, tech-enabled substance abuse management, social determinants of health, and virtual care. The Firm generally pursues growth equity investments and small buy-and-builds. Health Enterprise Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 10 of 32
Sector: Healthcare Services M&A 6 of 14
Type: Growth Capital M&A Deals 4 of 15
State: Alabama M&A 1 of 1
Country: United States M&A 10 of 32
Year: 2012 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-17 Privia Health

Arlington, Virginia, United States

Privia Health is a unique physician practice management and population health technology company that partners with top doctors to keep people healthy, prevent disease, and better manage care in-between office visits. Privia Health was founded in 2007 and is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 Nordic Consulting

Madison, Wisconsin, United States

Nordic Consulting provides Epic EHR consulting services to healthcare organizations. Nordic Consulting was founded in 2012 and is based in Madison, Wisconsin.

Buy -