L Catterton, a global consumer-focused investment firm, closed a continuation fund transaction for its portfolio company PatientPoint Health Technologies, a Cincinnati, OH-based tech-enabled point-of-care patient engagement company.
L Catterton will maintain its position in PatientPoint through the new dedicated continuation vehicle, which includes investments from funds advised by Neuberger Berman, lead investor, and funds advised by affiliates of Fortress Investment Group LLC, co-lead investor. Littlejohn & Co., who became a partner to L Catterton following PatientPoint’s merger with Outcome Health in 2021, will retain its ownership.
Terms of the transaction were not disclosed.
Led by Mike Collette, Founder and CEO, PatientPoint is a patient engagement company. Following its combination with Outcome Health in 2021, the company now provides a platform serving approximately 140,000 healthcare practitioners (“HCPs”) and impacting over 750 million patient visits annually, nationwide. PatientPoint improves doctor-patient engagement by educating patients through the nation’s largest interconnected network of digital devices in healthcare practices.
FinSMEs
28/07/2023