M&A Deal Summary

Pharos Capital Group Acquires RhythMedix

On January 4, 2024, private equity firm Pharos Capital Group acquired medical products company RhythMedix

Acquisition Highlights
  • This is Pharos Capital Group’s 4th transaction in the Medical Products sector.
  • This is Pharos Capital Group’s 38th transaction in the United States.
  • This is Pharos Capital Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-01-04
Target RhythMedix
Sector Medical Products
Buyer(s) Pharos Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

RhythMedix

Mt. Laurel, New Jersey, United States
RhythMedix is a medical device manufacturer and wireless medical technology company, that provides innovative technology to transform cardiac monitoring industry and improve patient outcomes. It is first wearable cardiac monitor with built-in cellular connectivity, allowing physicians and their patients to remain continuously and comfortably connected for faster arrhythmia detection. RhythMedix was founded in 2013 and is based in Mt. Laurel, New Jersey.

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Buyer(S) 1

Buyer

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 39 of 39
Sector (Medical Products) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 18 of 18
State (New Jersey) 1 of 1
Country (United States) 38 of 38
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 MOTION PT Group

New York, New York, United States

MOTION PT Group is a provider of physical and occupational therapy services. Its comprehensive service offerings include specialized treatment in orthopedics, sports medicine, hand, and upper extremity, spine, hip, pediatrics, lymphedema, men's/women's health, vestibular rehabilitation, neurological rehabilitation, diabetic neuropathy, and aquatic therapy. MOTION PT Group was formed in 2015 and is based in New York City.

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