On the heels of two strong exits for Regal Healthcare Capital Partners, the specialist PE firm is building out its investment bench with the addition of seasoned healthcare investor Joseph Ibrahim, PE Hub has learned.
Ibrahim, who joined Regal HCP as a managing director, most recently worked at Miami-based healthcare PE shop MBF Healthcare Partners. At MBF, Ibrahim was a managing partner focused primarily on investments in multi-site healthcare services businesses. Before that, Ibrahim sourced global healthcare acquisitions at The Riverside Company.
The new hire comes after the New York-based emerging manager marked big gains with its first partial exits from both Fund I and Fund II.
Regal HCP returned almost 1.7x of Fund II to investors after selling a stake in mental health provider Thriveworks, according to an LP letter received by PE Hub in early August. Around the same time, its partial exit of Dental365, announced just days earlier, was set to return over half of Fund I to investors, the letter said.
Regal HCP was launched in early 2018 by Jon Santemma, the former global head of healthcare investment banking at Jefferies, and industry entrepreneur David Kim, whose background, in addition to starting Dental365, includes co-founding CityMD’s predecessor Premier Care Urgent Care.
Regal HCP, a growth equity and buyout firm, focuses on lower-middle market healthcare services companies.