Kinderhook Industries Invests $105M in AbsoluteCARE

AbsoluteCare Raises $135 Million from Kinderhook, CVS Health Ventures, Pacific Life and Lexington Partners

July 22, 2025

Healthcare Services

AbsoluteCare, a Columbia, Maryland-based value-based integrated health care provider, secured $135 million in equity financing from Kinderhook Industries, CVS Health Ventures, Pacific Life and Lexington Partners. The funding will be used to optimize operations, scale AbsoluteCare’s concierge, PCP‑led care model, and expand into new markets and member populations across the U.S.

Kinderhook Leads $500M Investment in Physician Partners (Better Health Group)

February 1, 2022

Healthcare Services

Kinderhook Industries led a $500 million investment in Physician Partners, LLC (rebranded as Better Health Group) to back CEO Mike Polen and management. The capital will support the company's growth as a value-based primary care physician group and managed services organization serving over 137,000 members through a network of 545+ physicians, primarily in Florida.

Kinderhook Recapitalizes Long's Drugs and PharMedQuest to Create Avita Care Solutions

December 4, 2019

Healthcare Services

Kinderhook Industries completed a majority recapitalization of Long's Drugs, Inc. and PharMedQuest Pharmacy Services, combining the two on‑site and central‑fill pharmacy services providers into a single platform to serve Covered Entities (FQHCs, Ryan White clinics, STD clinics and other underserved providers). The transaction creates scale under the Avita/combined platform and is intended to accelerate growth and share best operating practices across the combined business; financial terms were not disclosed.

MHH Healthcare (Kinderhook) Acquires Medical Card System, Inc.

January 4, 2022

Healthcare Services

MHH Healthcare, a platform formed by Kinderhook Industries, has closed its acquisition of Medical Card System, Inc. (MCS), a San Juan, Puerto Rico-based healthcare services organization that manages Medicare Advantage and commercial plans covering approximately 400,000 insured. The transaction (announced June 2021 and closed January 4, 2022) will keep MCS management in place and is intended to provide additional resources to invest in service improvements, technology and growth as MHH Healthcare expands its health-plan platform.

Kinderhook Industries Acquires Capital Waste Services from Hawk Capital Partners

August 20, 2019

Environmental Services

Kinderhook Industries has acquired Capital Waste Services, a Columbia, South Carolina-based regional solid waste hauling company, from Hawk Capital Partners. The acquisition—Kinderhook's ninth environmental services platform—will support growth through investments in people, equipment and systems while maintaining existing management and municipal contracts; financial terms were not disclosed.

Kinderhook Industries Acquires Kaizen Auto Care

April 1, 2024

Automotive

Kinderhook Industries, in partnership with founder Jacob Tilzer and investor LNC Partners, has acquired Kaizen Auto Care, a Scottsdale-based regional collision repair chain with 48 locations across the western U.S. Kaizen will be led by incoming CEO Vince Brock as Kinderhook looks to scale the business as part of its automotive / light manufacturing platform investments; financial terms were not disclosed.