Excelera to Become Publicly Traded via Merger with Future Health ESG Corp

Vesper Healthcare Acquisition Corp. Merges with The HydraFacial Company (BeautyHealth)

May 5, 2021

Healthcare Services

Vesper Healthcare Acquisition Corp. completed a business combination with The HydraFacial Company, taking the business public as The Beauty Health Company (ticker: SKIN) in a transaction that values HydraFacial at a pro forma enterprise value of $1.1 billion. The deal included a fully committed $350 million PIPE anchored by institutional investors (including Fidelity, Redmile, Principal, Camber and Woodline), and Linden Capital Partners and DW Healthcare Partners remain meaningful shareholders with management continuing in place.

ExcelFin Acquisition Corp Completes Business Combination With Baird Medical Investment Holdings Limited

October 1, 2024

Medical Devices

ExcelFin Acquisition Corp and Baird Medical Investment Holdings Limited completed their previously announced business combination, creating a Nasdaq-listed public company, PubCo (ticker: BDMD). Following the closing, founders of Baird Medical and Grand Fortune Capital (co-sponsor of ExcelFin) subscribed to a $4.9 million convertible preferred investment.

EXL (ExlService Holdings) Acquires Health Integrated

October 26, 2017

Healthcare Services

ExlService Holdings, Inc. (EXL) acquired Tampa-based care management firm Health Integrated, Inc. in a transaction announced October 2017. The deal expands EXL's healthcare operations and analytics capabilities by adding Health Integrated's technology- and analytics-enabled care management, utilization and disease management services (which serve Medicaid, Medicare and dual-eligible populations).

Flourish Research / NMS Capital Recapitalize Excel Medical Clinical Trials

October 14, 2021

Healthcare Services

NMS Capital portfolio company Flourish Research partnered with Excel Medical Clinical Trials in a recapitalization. The Boca Raton, Florida-based clinical research site, founded by Dr. Seth Baum and focused on cardiology indications, will join Flourish's site network to expand the platform's geographic footprint and therapeutic capabilities; terms were not disclosed and management will remain in place.

Global Excel Management Acquires Vitori Health

January 1, 2025

Healthcare Services

Global Excel Management Inc. has acquired the business of Vitori Health LLC effective January 1, 2025. The acquisition expands Global Excel's US capabilities in health plan administration, claims savings solutions and payer services while preserving Vitori's brand and client-facing operations.

Fusion Capital Partners Acquires Excel Engineering, Inc.

January 6, 2026

Industrial Services

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.