PE Deals

New Heritage exits neurodiagnostic company Rhythmlink

Rhythmlink's new investor is Graham Partners.

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  • Piper Sandler Co. served as financial adviser to Rhythmlink and Heritage while Latham & Watkins LLP and Nexsen Pruet served as legal advisors
  • Rhythmlink was founded in 2002
  • Based in Boston, Heritage invests in the middle market

New Heritage Capital has exited its investment in Rhythmlink International, a Columbia, South Carolina-based maker of brain health and neurodiagnostic electrodes. No financial terms were disclosed. Rhythmlink’s new investor is Graham Partners, a Philadelphia-based private equity firm.

Rhythmlink was founded in 2002.

“We are incredibly proud of what the Company and team has accomplished during our partnership,” said Melissa Barry, a partner at Heritage, in a statement. “It has been a pleasure working with them and we look forward to following their continued success.”

Piper Sandler Co. served as financial adviser to Rhythmlink and Heritage while Latham & Watkins LLP and Nexsen Pruet served as legal advisors.

Based in Boston, Heritage invests in the middle market.