Investment Summary

NewSpring Capital Invests In Healthworks

On May 9, 2023, private equity firm NewSpring Capital invested in staffing company Healthworks

Investment Highlights
  • This is NewSpring Capital’s 2nd transaction in the Staffing sector.
  • This is NewSpring Capital’s 182nd transaction in the United States.
  • This is NewSpring Capital’s 44th transaction in Pennsylvania.

Investment Summary
Date 2023-05-09
Target Healthworks
Sector Staffing
Investor(s) NewSpring Capital
Deal Type Growth Capital

Target

Healthworks

Douglassville, Pennsylvania, United States
Healthworks offers specialty nursing and tech personnel to providers in the fields of invasive and non-invasive cardiovascular services to assist with and perform diagnostic imaging and interventional procedures, including cardiac catheterizations, EP studies, interventional radiology procedures, echocardiography, cardiac stress testing, and ultrasound scanning. Healthwork was founded in 1997 and is based in Douglassville, Pennsylvania.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 1

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 186 of 200
Sector (Staffing) 2 of 2
Type (Growth Capital) 98 of 105
State (Pennsylvania) 44 of 45
Country (United States) 182 of 196
Year (2023) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-17 Lookingglass Cyber Solutions

Reston, Virginia, United States

Lookingglass Cyber Solutions is a provider of threat intelligence driven security and dynamic threat defense software services. Lookingglass Cyber Solutions was founded in 2009 and is based in Reston, Virginia.

Sell $26M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Bridge Core

McLean, Virginia, United States

Bridge Core is a federal services company that provides visual intelligence, cybersecurity, and other technical solutions to the U.S. government intelligence community. The company leverages a unique tech-to-mission concept, agility, and speed in delivering services that drive true value for its intelligence agency clients. Bridge Core is based in McLean, Virginia.

Buy -
Mergr

Product

Company

Legal