M&A Deal Summary

QHP Capital Acquires Elevaris Medical Devices

On October 1, 2021, private equity firm QHP Capital acquired medical products company Elevaris Medical Devices

Acquisition Highlights
  • This is QHP Capital’s 1st transaction in the Medical Products sector.
  • This is QHP Capital’s 7th transaction in the United States.
  • This is QHP Capital’s 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2021-10-01
Target Elevaris Medical Devices
Sector Medical Products
Buyer(s) QHP Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Elevaris Medical Devices

Wilmington, Massachusetts, United States
Elevaris Medical Devices is a global contract development and manufacturing organization (CDMO) specializing in procedural needles, precision micro-components, and complex medical device assemblies, serving OEMs and healthcare innovators across North America, the UK, and South Korea. Elevaris Medical Devices was founded in 1995 and is based in Wilmington, Massachusetts.

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Buyer(S) 1

Buyer

QHP Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2022
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

QHP Capital is a private equity firm focused on healthcare businesses in the middle-market. Specific areas of interest include tech-enabled life sciences and pharma service companies. The Firm seeks to partner with management teams in founder or family-owned companies, and invests in buyouts and other transaction types. QHP Capital was founded in 2022 and is headquartered in Raleigh, North Carolina.


DEAL STATS #
Overall 7 of 13
Sector: Medical Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 6
State: Massachusetts M&A 2 of 2
Country: United States M&A 7 of 13
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Pro-ficiency

Raleigh, North Carolina, United States

Pro-ficiency is an eLearning provider of tech-enabled training and compliance solutions for clinical trials. The Company provides a comprehensive suite of services, including a turn-key offering of customized, virtual training simulations, training, and compliance monitoring tools, and real-time data & predictive analytics. Pro-ficiency was founded in 2014 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Lexitas Pharma Services

Durham, North Carolina, United States

Lexitas Pharma Services is a provider of solutions including clinical trial and medical strategy services to pharmaceutical and biotechnology companies that are developing ophthalmology products. Lexitas Pharma Services was founded in 2011 and is based in Durham, North Carolina.

Buy -