Canadian Hospital Specialties (Flexpoint Ford portfolio) Acquires Velmed, Inc.

Flexpoint Ford Acquires Canadian Hospital Specialties from Cortec Group

April 22, 2021

Medical Devices

Flexpoint Ford has acquired Canadian Hospital Specialties Ltd. (CHS) from affiliates of Cortec Group (Cortec Fund V). CHS will remain headquartered in Oakville, Ontario, and continue to be led by CEO Mike Canzoneri and the existing management team as Flexpoint partners with management to support growth and expansion of the company's medical device manufacturing and distribution business.

Great Point Partners Completes Growth Recapitalization of Velentium

September 29, 2021

Medical Devices

Great Point Partners completed a growth recapitalization of Houston-based Velentium, a professional engineering and contract medical device manufacturer. The investment will fund Velentium's expansion initiatives — including tuck-in acquisitions and enhanced engineering and manufacturing capabilities — while preserving the company's quality and culture.

Motion Dynamics Acquires ViaMed Holdings

December 3, 2020

Medical Devices

Motion Dynamics LLC, a portfolio company of Vance Street Capital, has acquired ViaMed Holdings LLC in the platform’s first strategic add‑on acquisition. The deal expands Motion Dynamics’ micro‑precision manufacturing capabilities (coiling, braiding, nitinol shape‑setting) for medical device OEMs and contract manufacturers; terms were not disclosed.

Velocity Clinical Research Acquires MedPharmics

September 7, 2022

Healthcare Services

Velocity Clinical Research, a portfolio company of GHO Capital, has acquired MedPharmics, a U.S.-based multi-site clinical research organization. The add-on expands Velocity's network by eight sites (bringing it to 40 locations), adds just over 100 employees, and improves access to diverse patient populations including African American and Native American communities.

Health Velocity Capital Makes Minority Investment in Compass Surgical Partners

March 21, 2022

Healthcare Services

Health Velocity Capital has made a minority growth investment in Compass Surgical Partners, a U.S.-based developer and manager of ambulatory surgery centers (ASCs). The financing will support Compass’s expansion into new markets and investments in data & analytics, physician practice support services, value-based care initiatives and other capabilities to scale outpatient orthopaedic and spine services.

Propel Insurance (Flexpoint Ford portfolio) Acquires HealthCare Services (HCS) Insurance Partners

July 1, 2020

Insurance

Propel Insurance, a portfolio company of Flexpoint Ford, has acquired HealthCare Services (HCS), a boutique risk-management and insurance consulting firm based in Knoxville, Tennessee that specializes in senior living organizations. The acquisition expands Propel's senior living practice, strengthens its southeast presence (Knoxville and Charlotte hubs) and adds industry expertise to Propel's national platform; the combined agency will generate more than $120 million of annual revenue and operate seven U.S. offices.