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DW Healthcare Partners exits St. Andrews Acquisitions

12 Sep 2013

hospital healthcare medical IV i-v dripHealthcare-focused private equity firm DW Healthcare Partners has exited its investment in St. Andrews Acquisitions after six years of ownership.

The business was sold to private investment firm Bregal Partners, which operates as the investment arm of Cofra Holding AG, a European family holding company.

St. Andrews provides community-based residential and behavioral services and support to adults and children with intellectual and developmental disabilities.

The company operates in various locations across the west and mid-west US.

DW, which currently has more than $500m of committed capital under management, targets profitable healthcare companies with an EBITDA of $4m.

In April this year DW made five hires and two promotions in the wake of closing its oversubscribed third fund on $265m.

The firm exceeded its original $250m target for Fund III, and previously held a $150m first closing in March last year.

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