Waud Capital sells self-created healthcare company CarePoint for $223m

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hospital healthcare medical IV i-v dripMid-market buyout house Waud Capital Partners has completed the $223m cash sale of CarePoint Partners to strategic buyer BioScrip.

Waud founded the home infusion and pharmacy business in 2007 alongside infusion industry executive Dana Soper.

The firm oversaw 16 acquisitions for CarePoint, which now operates a network of 28 sites across nine US states.

Waud partner Matt Clary said, “The sale of CarePoint culminates an exciting ride. Together with Dana and her team, we have built an industry-leading company of significant scale, providing important services to all of its constituents – patients, providers, payors and hospitals.”

The Chicago-based firm, which was launched by ex-GTCR executive Reeve Ward 20 years ago, closed its third fund on $463m in 2011 – smashing its target by more than $100m.

That vehicle has targeted investments of between $20m and $100m in companies operating in the healthcare services, business and consumer services, distribution and industrial sectors.

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