New Enterprise Associates-Led Syndicate Recapitalizes AllyAlign Health

Eagle Merchant Partners Recapitalizes Aligned Fitness; Aligned Acquires Two Club Pilates Franchisees

June 26, 2025

Healthcare Services

Eagle Merchant Partners completed a recapitalization of Aligned Fitness (a leading Southeast-based Club Pilates franchisee) as its first investment from Fund II, with Boathouse Capital providing a $52 million credit facility and equity co-investment. Proceeds funded Aligned’s acquisition of two add-on franchisees — Crescent Concepts, LLC and Next Twenty, LLC — and will support new studio development and expansion across the Southeastern and Mid-Atlantic United States, bringing the combined platform to 34 studios.

Aldine and Partners Invest in AmPharm; Compass Group and Partners Invest in New Age Medical

June 24, 2021

Healthcare Services

Aldine Capital Partners provided subordinated-note and equity investments in two healthcare businesses: AmPharm, an institutional long-term care pharmacy (alongside Mitchell Family Office), and New Age Medical, a value-added spinal implant and orthopedic distributor. Compass Group Equity Partners led a strategic growth investment in New Age Medical with additional capital from SunGate Capital, Aldine Capital, and Olympus Ventures to support national expansion and further build infrastructure and business development capabilities.

The Helper Bees Acquires healthAlign

May 18, 2021

Healthcare Services

The Helper Bees, an Austin-based insurtech focused on aging-in-place solutions, has acquired healthAlign, a tech-enabled platform that coordinates in-home services for payers. The acquisition expands The Helper Bees' capabilities into Medicare Advantage and broadens its network and fulfillment platform for home-based services across Medicare, Medicaid and long-term care insurance.

Align Capital Partners Recapitalizes Premier Biotech

December 7, 2022

Medical Devices

Align Capital Partners has completed a recapitalization of Premier Biotech, a Minneapolis-based provider of point-of-care drugs of abuse testing devices and accredited laboratory services. Cascadia Capital served as exclusive financial advisor; Align will partner with management to scale the business, accelerate product development and expand the company's reach across workplace, government and clinical end markets.

NEA Affiliate Takes NeueHealth Private for ~$1.465B

October 2, 2025

Healthcare Services

An affiliate of New Enterprise Associates (NEA) completed a take-private merger to acquire NeueHealth, Inc. at an enterprise value of approximately $1.465 billion. Public holders of NeueHealth common stock received $7.33 per share; certain existing investors (including NEA and 12 other investors) and NeueHealth’s executive leadership rolled their equity into the privately held company as part of the transaction.

NMS Capital Recapitalizes Health & Wellness Partners

March 7, 2023

Healthcare Services

NMS Capital has completed a recapitalization investment in Health & Wellness Partners Group, LLC (HWP), partnering with HWP's management team. HWP, a medical communications provider based in Upper Saddle River, New Jersey, will use the investment to accelerate growth by expanding therapeutic expertise and service offerings; terms were not disclosed.