Avista Capital Partners Acquires WellSpring Consumer Healthcare

Avista Healthcare Partners Launches Birchwell Consumer Health and Acquires Bag Balm

May 4, 2026

Healthcare Services

Avista Healthcare Partners launched Birchwell Consumer Health as a new U.S. consumer healthcare platform focused on acquiring OTC and skincare brands. Birchwell’s first acquisition is Bag Balm, a Vermont-based therapeutic skincare brand acquired from a seller group led by Gemini Investors.

Avista Healthcare Partners Acquires Trillium Health Care Products

August 7, 2024

Pharmaceuticals

Avista Healthcare Partners has completed the acquisition of Trillium Health Care Products, a Brockville, Ontario-based CDMO specializing in branded over‑the‑counter (OTC) products, from New Water Capital. Avista plans to invest in Trillium’s growth, expand its footprint and capabilities, and use the business as a consumer‑healthcare platform for potential strategic add‑on acquisitions.

WellSpring Consumer Healthcare Acquires vH essentials from Wisconsin Pharmacal Company

August 1, 2024

Consumer Products

WellSpring Consumer Healthcare, a portfolio company of Avista Healthcare Partners, has acquired the vH essentials women's intimacy care OTC brand from Wisconsin Pharmacal Company. The add-on expands WellSpring's women's health franchise alongside FDS to drive scale and accelerate growth across retail and e-commerce channels; financial terms were not disclosed.

WellSpring Consumer Healthcare Acquires A+D, Solarcaine and Other OTC Skin Care Brands from Bayer

April 4, 2023

Consumer Products

WellSpring Consumer Healthcare, a portfolio company of Avista Capital Partners, acquired a portfolio of OTC skin care brands from Bayer AG — including A+D, Solarcaine, Cortate and Complex 15 — to expand scale, product diversity and accelerate its innovation pipeline. Financial terms were not disclosed; the transaction is described as WellSpring's first add-on acquisition since Avista's investment in August 2022.

Wellspring Capital Management Acquires Pentec Health

October 11, 2021

Healthcare Services

Wellspring Capital Management acquired Pentec Health, a national leader in patient-specific sterile compounding and home infusion services, from existing investors including Norwest Equity Partners and DW Healthcare Partners. The investment provides Pentec with capital and strategic support to accelerate organic growth and pursue add-on M&A; financing for the deal was provided by Twinbrook Capital Partners and advisors included Houlihan Lokey and Morgan Lewis.

Bansk Group Acquires Arcadia Consumer Healthcare from Avista Capital Partners

September 10, 2021

Consumer Products

Bansk Group, a New York-based private investment firm focused on consumer brands, agreed to acquire Arcadia Consumer Healthcare, a U.S. consumer health platform known for OTC medicines and premium vitamins and supplements, from Avista Capital Partners. The transaction (announced Aug. 9, 2021 and completed Sept. 10, 2021) positions Bansk to expand its consumer health and wellness portfolio and accelerate brand-building and M&A-driven growth.