HealthpointCapital Announces Closing of HealthpointCapital Partners II, L.P.
BY EDITOR, JUNE 27, 2007
NEW YORK, June 27 /PRNewswire/ - HealthpointCapital is pleased to announce the closing of HealthpointCapital Partners II, L.P., at $420 million. This represents an increase of more than 2.5 times its prior fund, HealthpointCapital Partners, L.P., which closed in 2004 at $160 million.
HealthpointCapital Partners is a values-driven, research-based private equity firm exclusively focused on the musculoskeletal sector - specifically orthopedics and dental - the fastest growing segment within the medical device field. HealthpointCapital has $640 million of institutional capital under management.
The principals' cumulative 70 years of experience in healthcare technology, research and investing enables the firm to pursue investments that capitalize on the industry's explosive growth and unique investment opportunities.
HealthpointCapital has completed 12 investments, creating five platform companies in the orthopedic and dental industries since 2004. All investments have been made pursuant to the firm's focus on making proprietary investments which capitalize on the most compelling trends in the musculoskeletal industry, in which the firm is able to purchase a controlling or significant equity stake in growth businesses.
To date, over $325 million in equity capital has been invested. Portfolio investments completed include Alphatec Spine, Inc., Scient'x S.A., Nexa Orthopedics, Inc., BioHorizons Implant Systems, Inc. and DTI Dental Technologies Inc. The firm has completed the successful initial public offering of Alphatec Spine and the full sale of Nexa Orthopedics. On a combined basis, all portfolio companies have increased revenues more than 2.5 times from the initial time of investment, with an average holding period of just 1.5 years. This speaks to the firm's focus on businesses experiencing high rates of growth and its strategy of further enhancing growth organically and through selective acquisitions.
Senior principals include John H. Foster, Chairman, and Mortimer Berkowitz III, President. Other Managing Directors include Elizabeth Varley Camp, John McCormick and Laing F. Rikkers. The Firm has 18 employees in total.
Please direct inquiries to Mortimer Berkowitz III, Elizabeth Varley Camp, or Laing Rikkers, 212-935-7780.
