NaviMed Capital has announced (pdf) the closing of its inaugural healthcare private equity fund, NaviMed Partners, LP.
The fund has more than $110 million of total capital commitments.
NaviMed Capital, based in Washington, D.C., is focused exclusively on the healthcare industry. More specifically, it invests in lower middle-market healthcare companies providing healthcare services, healthcare IT, hospital products and distribution businesses.
The new fund made its initial investment in October 2014 in Lucent Health Solutions, a healthcare risk management company.
NaviMed typically invests in profitable private companies with up to $10 million of EBITDA and double digit revenue growth.
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