Canadian healthcare private equity firm DW Healthcare Partners (DWHP) has made an investment in Aequor Healthcare Services, a Piscataway, New Jersey-based healthcare personnel provider that specializes in staffing physicians, therapists, nurses, technologists and related professionals. No financial terms were disclosed. Established in 2001, Aequor provides its services to a range of U.S. hospital systems, nursing homes, home care providers, clinics, schools, laboratories and life sciences organizations. The company is the sixth platform investment of DW Healthcare Partners Fund IV, which raised US$295 million last year.
DW Healthcare Partners Announces Investment in Aequor Healthcare Services
Toronto, ON – June, 2018 – DW Healthcare Partners, a healthcare-focused private equity firm, is pleased to announce an investment in Aequor Healthcare Services (“Aequor”) of Piscataway, New Jersey. Aequor specializes in healthcare and clinical staffing by providing physicians, therapists, nurses, technologists and allied healthcare professionals to hospital systems, nursing homes, home care providers, clinics, school systems, laboratories, and pharmaceutical/life sciences organizations nationwide. DWHP’s investment in Aequor marks its sixth investment in DW Healthcare Partners Fund IV, L.P. .
Andrew Carragher, Co-founder and Managing Partner stated, “We are very excited to partner with Founders Manmeet Virdi and Kamal Virdi, and the entire team at Aequor. They are one of the fastest growing and most respected staffing companies in the industry.”
Gabe Becher, Principal, stated, “Aequor has built a very strong and diversified staffing services platform, and with the additional resources from this partnership, the Company is poised to accelerate its growth across all verticals and firmly establish itself amongst the leading national healthcare staffing companies”
Co-CEOs Manmeet Virdi and Kamal Virdi added, “We are confident that partnering with DWHP is a strategic fit for Aequor that will better position us to deliver expanded service offerings to our clients and healthcare professionals. This will also provide tremendous growth opportunities for our team members.”
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.