424 Capital Acquires Majority Stake in Health Perspectives Group

424 Capital, Eagle Private Capital and Plexus Capital Acquire Majority Stake in Practis

December 31, 2019

Healthcare Services

424 Capital, together with Eagle Private Capital and Plexus Capital, purchased a majority share in Practis from founder Elizabeth Pettrone and CEO John Pettrone Jr., who will remain investors and active managers. Practis is a digital marketing and SaaS provider serving independent healthcare providers (over 700 customers); the investors plan to accelerate growth, expand services, and enter new markets.

424 Capital Acquires Majority Stake in MedHQ

February 15, 2022

Healthcare Services

424 Capital has completed a majority investment in MedHQ, a Westchester, Illinois-based provider of HR and financial management services for ambulatory surgery centers and physician practices. The investment will support MedHQ’s growth, expand its service capabilities, and broaden its footprint serving healthcare providers nationwide.

424 Capital and Eagle Private Capital Acquire Hospital Energy

September 21, 2020

Energy

424 Capital, alongside Eagle Private Capital, purchased a majority stake in Hospital Energy from founder and CEO Mark Mininberg. The New Hampshire–based energy management firm — which serves over 200 hospitals — will continue to be led by Mininberg as CEO and will serve as a platform for 424 Capital's push into hospital-focused energy management and sustainability services.

424 Capital Makes Significant Investment in PTP

June 1, 2023

IT Services

424 Capital has completed a significant growth investment in PTP, a Norwood, Massachusetts-based cloud consulting and managed services firm focused on the life sciences. The capital will be used to expand PTP's capabilities and geographic presence to better serve biotechnology and therapeutics clients; Canaccord Genuity advised PTP on the transaction.

5th Century Partners Acquires Perspecta

February 23, 2023

Healthcare Services

5th Century Partners, a Chicago-based private investment firm, has acquired Perspecta, a Philadelphia-area provider of physician directories and provider data management solutions for workers' compensation, health plans and third-party administrators. The investment will support Perspecta's growth plans — including national sales expansion, product development and enhanced go-to-market capabilities — while management (including CEO Howard Koenig and COO April Stiles) remains in leadership and retains equity.

424 Capital Makes Majority Investment in BroadcastMed

April 29, 2021

Healthcare Services

424 Capital closed a majority investment in BroadcastMed in early December 2020 to support expansion of the company's content creation services and its MD‑ID marketing analytics platform. BroadcastMed, a Farmington, Connecticut–based digital medical broadcasting firm with a membership approaching one million verified physicians, will use the investment to accelerate growth of its healthcare content-marketing and technology offerings; the announcement references longtime 424 partners Eagle Private Capital and Plexus Capital.