Consonance Capital Partners, the private equity arm of Consonance Capital, a New York City-based healthcare-focused investment firm, closed a $500m healthcare private equity fund.
The fund attracted a diversified collection of pension funds, endowments, insurance companies, family offices and other high net worth platforms and individuals from the United States and Europe.
Founded by Mitchell Blutt, MD, Benjamin Edmands, Stephen McKenna, and Nancy-Ann DeParle, Consonance Capital Partners invests in private companies in the lower middle market of the U.S. healthcare industry.
The fund is associated with Consonance Capital Management, a healthcare-focused public equity manager with approximately $600 million of assets under management.
In March 2014, Consonance Capital Partners completed the recapitalization of Enclara Health, a national hospice-focused pharmacy services provider, with the aim to expand the company’s reach in the niche hospice pharmacy benefit manager (PBM) sector. Additionally, in May 2014, it acquired KEPRO, a medical management and cost containment solutions provider for government and private sector clients in the healthcare sector, from the Pennsylvania Medical Society.
FinSMEs
22/07/2014