NaviMed Capital, a Washington, DC-based private equity firm focused exclusively on the healthcare industry, announces the closing of its third fund, NaviMed Partners III (“Fund III”). The substantially oversubscribed new fund closed at its hard cap of $450 million of commitments. NaviMed will continue to focus on control investments in fast growing lower middle-market healthcare companies. The firm specializes in acquiring businesses that provide business process outsourcing services to hospitals and other healthcare providers, health insurers, and the pharmaceutical and medical device industries. NaviMed seeks to invest in profitable private companies with up to $10 million of EBITDA and double-digit annual revenue growth.
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Source: https://www.prweb.com/releases/navimed-capital-closes-fund-iii-at-450-million-hard-cap-302311116.html