Liberty Dialysis LLC, a Mercer Island, Wash.-based operator of dialysis centers, has raised an undisclosed amount of new private equity funding. KRG Capital Partners led the round, and was joined by return backers Bain Capital Ventures and Ignition Partners.
KRG Capital Partners (KRG), a Denver-based private equity firm, announced today that it has completed an investment in Liberty Dialysis, LLC (Liberty), currently the third largest private dialysis company in the U.S., operating more than 100 dialysis clinics throughout the country. Liberty is the sixth platform company for KRG’s $1.96 billion Fund IV. Current investors Bain Capital Ventures and Ignition Partners are participating in the investment alongside KRG.
“We are very excited to be partnering with Bain Capital Ventures, Ignition Partners and the management team at Liberty to support the growth of this great company,” noted Mark King, Co-Founder, and Managing Director of KRG Capital. “We believe Liberty is uniquely positioned, through its partnerships with nephrologists and hospitals, to provide end-stage renal disease (ESRD) patients with optimal healthcare through active participation of both patients and caregivers.”
Managing Director Jeffrey Crisan of Bain Capital Ventures added, “We have been working closely with Liberty and its management team since the business was founded in 2002, and are thrilled to now have KRG as a partner to help drive the Company’s next phase of growth. We are excited about the opportunities ahead.”
“KRG’s investment in Liberty, along with the continued support of Bain Capital Ventures and Ignition Partners, brings experience and resources in our industry sector to help us expand our product offering, support our existing growth and build new relationships,” said Mark Caputo, Co-Founder and CEO of Liberty.
About Liberty Dialysis:
Liberty Dialysis, headquartered in Mercer Island, Washington is the third largest private dialysis company operating more than 100 dialysis clinics throughout the United States. Liberty provides dialysis services for patients who have been diagnosed with ESRD. Liberty has a history of developing clinics in underserved communities in conjunction with local physicians and non-profit organizations. Liberty partners with local nephrologists and/or hospitals in developing, owning and operating these centers. Liberty Dialysis strives to achieve outstanding outcomes for its dialysis patients and a rewarding career experience for its caregivers. More information is available at www.libertydialysis.com.
Founded in 1996, KRG is a Denver-based private equity firm with over $4 billion of capital either deployed or available for future investment, which includes approximately $723 million deployed since inception on behalf of equity co-investors. KRG specializes in acquiring and recapitalizing unique and profitable middle-market companies. The firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 37 platform companies and has completed 103 add-on acquisitions for those platforms. More information on KRG is available at www.krgcapital.com.