HealthEdge Investment Partners, LLC and United Western Group announced on July 31 the recapitalization of Veridian Healthcare, LLC.
Veridian Healthcare is a leading outsourced manufacturer of private label and branded in-home diagnostic, pain care management and personal care products. The company is based in Gurnee, Illinois.
Based out of Tampa, Florida, HealthEdge Investment Partners is an operating-oriented private equity firm that focuses exclusively on the healthcare industry. The firm was founded in 2005.
United Western Group is a private equity firm based in Washington, D.C. that partners with managers and entrepreneurs to invest in strategically viable, market-leading companies across a wide range of industries. United Western seeks investment targets in North American companies with $10 to $200 million in revenue.
Holland & Knight LLP served as lead legal counsel to United Western Group. Shumaker, Loop & Kendrick, LLP served as legal counsel to HealthEdge. William Blair & Company, LLC served as exclusive financial advisor to Veridian. Dentons US, LLP served as legal advisor to Veridian. The financial terms of the recapitalization were not disclosed.
According to data captured in the LevinPro HC database, this marks the 24th healthcare product distributor transaction of 2023. Additionally, this represents the 453rd deal where the buyer is a private equity firm and/or a portfolio company.
