NewSpring Healthcare and TT Capital Partners Invest in MacroHealth

New Capital Partners Invests in TeleHealth Solution

April 1, 2020

Healthcare Services

New Capital Partners (NCP) completed a growth investment in TeleHealth Solution (THS), a Charlotte-based provider of turnkey telemedicine technology and virtual physician services for hospitals and senior-living/post-acute settings. B. Riley FBR served as financial advisor to THS; the capital will be used to support a nationwide rollout, regionalize staffing, invest in infrastructure, and accelerate sales, marketing and product development.

NewSpring Mezzanine and Upstream Capital Invest in Spiro Health

April 30, 2020

Healthcare Services

NewSpring Mezzanine (part of NewSpring) and Upstream Capital provided mezzanine debt and equity to support the merger of America's HealthCare at Home, Cape Medical Supply, and Health Complex Medical into a new platform called Spiro Health. The funding will be used to expand the combined company's geographic footprint, pursue organic growth and acquisitions, and build patient/referral partner technology and service capabilities in home medical equipment and respiratory/sleep care.

NewSpring Invests in InHome Therapy

October 8, 2021

Healthcare Services

NewSpring Healthcare, the dedicated healthcare strategy of private equity firm NewSpring, has made a growth investment in InHome Therapy to support the company's HTaaS platform and nationwide expansion. The investment will help scale InHome Therapy’s Home Therapy-as-a-Service model and support its recently acquired businesses (TNR Staffing LLC and Continuum Rehabilitation LLC).

NewSpring Invests in Prosperity Behavioral Health

March 16, 2023

Healthcare Services

NewSpring’s healthcare strategy has invested in Prosperity Behavioral Health, a technology-enabled business process outsourcing provider for behavioral health treatment facilities. Prosperity will use the capital to invest in technology, expand service lines and the team, and pursue strategic acquisitions to grow its national footprint; Michelle Mullany was named CEO as part of the transaction.

TT Capital Partners Recapitalizes Pyx Health from Rallyday Partners

July 20, 2023

Healthcare Services

Pyx Health, a tech-enabled services company addressing loneliness and social determinants of health, received a majority growth/recapitalization investment from TT Capital Partners. Rallyday Partners exited its stake as part of the transaction; financial terms were not disclosed. TTCP said it will support Pyx Health’s next stage of growth by leveraging sector relationships and operational capabilities to scale the business.

NewSpring Invests in Mangrove Management Partners

October 20, 2021

Healthcare Services

NewSpring Healthcare led a Series B / growth investment in Mangrove Management Partners, joined by co-investors Wells Fargo Strategic Capital and Dr. Robert Bessler. The capital will be used to expand Mangrove's vascular practice management platform across the Northeast and to scale its technology, data analytics, and clinical capabilities.