Wellspring acquires Pentec Health, Warburg invests in Bond Vet, Linden hires Structured Capital partner

Warburg Pincus invests in Bond Vet and Linden Capital taps Greeley as a new partner.

Happy Tuesday!

Pain: Wellspring Capital Management acquired Pentec Health, a chronic pain management and renal nutrition platform as healthcare shifts toward in-home and outpatient settings, Sarah is writing today on PE Hub.

Pentec Health is being sold by Norwest Equity Partners, which invested in the company in 2012. Pentec generates about $30 million in annual Ebitda, stemming 50:50 from its two segments, each of which offer patient-specific compounded sterile medications in specialty infusion markets, Sarah writes.

The in-home infusion market has attracted investor interest in recent months, Sarah writes. Waud Capital, for example, acquired PromptCare from The Halifax Group through an initiative it launched in 2021 with its healthcare executive Paul Jardina.

Read more here on PE Hub.

Pets: Warburg Pincus invested $170 million into Bond Vet, which has clinics that provide vet care services ranging from wellness checkups and annual exams to urgent care like wound treatment, GI issues and mass removals. Sarah writes that Bond Vet is helping define a new category in the vet care industry that fits between a traditional hospital or ER and the primary care equivalent for pets.

Clients can access Bond Vet both in-person and virtually through a mobile app, with the option to schedule affordable same-day appointments or walk-in visits, as well as telehealth consultations, Sarah writes. Read more here on PE Hub.

Building: Linden Capital hired Alex Greeley as a partner. Greeley joined from Blackstone Group, where he most recently worked as a principal in the Tactical Opportunities fund. Greeley is Linden’s second partner on its Structured Capital fund, which closed earlier this year on $355 million. Scott Gallin is the second partner on the Structured Capital team.

Linden’s Structured Capital strategy focuses on non-control investments. Check it out.

That’s it for me! Have a great rest of your day. Hit me up with that good Drama, tips or gossip at cwitkowsky@buyoutsinsider.com or find me on LinkedIn. Don’t forget to use our anonymous tip box on PE Hub or Buyouts.