Healthcare Services Growth Capital Investments in 2026

Cristiano Ronaldo invested $7.5 million to acquire a 10% equity stake in HBL Pro2col Software, LLC, an indirect, wholly owned Herbalife subsidiary that holds the company's Pro2col digital health and wellness platform. The investment includes Ronaldo providing services and sponsorship rights and supports Herbalife's strategy to expand its data-driven, AI-enabled personalized wellness capabilities ahead of broader commercial launches.

Nautic Partners has completed a growth investment in KabaFusion, a national provider of home and alternative-site infusion services. KabaFusion’s clinician-led management team remains significant investors and will continue to lead the company while Novo Holdings exited its investment; the capital will support accelerated growth and expanded access to infusion care nationwide.

St. Cloud Capital made a growth capital investment in Integrated Diagnostic Services (IDS) to support IDS’ acquisition of Core Analytics Lab & Radiology, a provider of mobile radiology and laboratory services in California. The financing round included participation from HCAP Partners, Southfield Mezzanine, and California Bank & Trust and is intended to expand IDS’ in‑house lab capabilities, improve route density, and increase responsiveness to patients in post‑acute settings.

Princeton Equity Group has made a strategic growth investment in Amped Fitness, a Pompano Beach, Florida–based high-value, low-price fitness chain that operates 35 locations and serves over 180,000 members. The capital will support Amped's continued U.S. club expansion, enhancements to the in-club experience, and broader scaling of the platform; financial terms were not disclosed.

HPS/PayMedix closed $33 million of equity and debt financing to accelerate national growth of its healthcare financing and payments platform. The round was led by HLM Investment Partners ($16M growth equity) and included Escalate Capital Partners (providing a $17M term debt facility), RVM Enterprises, and existing investor SV Health Investors.

WindRose Health Investors has completed a growth investment in Avalon Healthcare Solutions, a Tampa-based diagnostic intelligence and lab benefits management platform. Existing investor Francisco Partners also made an additional investment to support Avalon’s continued product development and scaling for health plan clients.

Varsity Healthcare Partners completed a strategic growth investment in Trialbee, a Sweden-headquartered, technology-enabled provider of patient recruitment services and analytics for clinical trials. VHP will partner with Trialbee's management to accelerate commercial scale, technology innovation, and global delivery capabilities while Trialbee's CEO Matt Walz remains in place; financial terms were not disclosed.

SBC Medical Group Holdings (Nasdaq: SBC) has made a strategic minority investment and formed an alliance with OrangeTwist to support clinical, operational, and technology integration as OrangeTwist expands its footprint. In conjunction with the deal, OrangeTwist acquired six additional med spa locations in Colorado and Nevada, bringing the platform to 24 locations across six states; OrangeTwist is backed by PE firms Hildred and Athyrium Capital Management.

U.S. Physical Therapy, Inc. (USPH) acquired a 50% interest in an unnamed physical therapy management services company that manages an eight-clinic practice generating approximately $8.0 million in annual revenue and 66,000 visits per year. The current owners retained the remaining 50% ownership; financial terms were not disclosed. The deal expands USPH's outpatient clinic footprint and service offerings through a partnership with the local owners.