DW Healthcare Partners (DWHP) earlier this month acquired Champion Manufacturing Inc, an Elkhart, Indiana designer and maker of patient seating solutions for healthcare environments. No financial terms were disclosed. The seller was U.S. private equity firm Levine Leichtman Capital Partners, which acquired Champion in 2013. DWHP, a Toronto-based healthcare private equity firm, said its partnership with the company will focus on “expansion opportunities into new verticals nationally and globally.” As reported by PE Hub Canada, DWHP in March raised US$295 million for this fourth fund.
DW Healthcare Partners Invests in Champion Manufacturing, Inc.
Toronto, ON – May 8th, 2017 – DW Healthcare Partners (“DWHP”), a healthcare-focused private equity firm, is pleased to announce an investment in Champion Manufacturing, Inc. (“Champion”) of Elkhart, Indiana.
For nearly 25 years, Champion’s experience in designing successful patient seating solutions for a variety of healthcare environments has placed them in some of the top facilities. Their position of being a market leader is a direct reflection of being 100 percent focused on medical seating, and their dedication to providing the best products for patients, caregivers and facility administrators.
Andrew Carragher, Co-Founder and Managing Director of DWHP, said, “We believe that Champion’s highly engineered product portfolio, as well as its unique focus solely on seating, differentiates Champion from its competitors and provides expansion opportunities into new verticals nationally and globally.”
“We are excited to pursue many compelling growth opportunities with the help of DW Healthcare Partners,” said Doug Keesler, President and CEO of Champion. “We believe that DW Healthcare Partners’ expertise will allow us to share our premier chairs with a wider population.”
ABOUT DW HEALTHCARE PARTNERS
DW Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. The firm manages over $800 million in committed capital and invests in profitable healthcare companies with proven management teams.
DW Healthcare Partners is led by seasoned healthcare executives with more than 110 years of combined industry experience. The firm provides the capital, strategic guidance, and acquisition expertise to help mid-to-late-stage companies realize their potential for growth.
Photo courtesy of Champion Manufacturing Inc