Welsh, Carson, Anderson & Stowe Invests in Constitution Surgery Alliance

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in GovernmentCIO

November 2, 2020

IT Services

Welsh, Carson, Anderson & Stowe (WCAS) completed a strategic majority investment in GovernmentCIO, a provider of technology and digital solutions to the federal health IT market. The investment will fund organic growth and support a buy-and-build strategy to expand GovernmentCIO’s capabilities and customer footprint across federal health and adjacent federal IT markets.

Welsh, Carson, Anderson & Stowe Acquires Argos Health

September 23, 2021

Healthcare Services

Welsh, Carson, Anderson & Stowe (WCAS) completed the acquisition of Argos Health, a provider of complex claims revenue cycle services for hospitals, health systems and physician groups. WCAS said it will scale Argos organically and via acquisitions to build a specialized revenue integrity platform and drive greater automation and growth.

Welsh, Carson, Anderson & Stowe Makes Strategic Growth Investment in ImageTrend, Inc.

February 10, 2023

Software

Welsh, Carson, Anderson & Stowe (WCAS) made an equity growth investment in ImageTrend, Inc., a market-leading provider of public safety and healthcare software, to accelerate growth and product innovation. WCAS partners with ImageTrend’s management and will add investment team members to the board to support continued expansion of the company’s software, analytics, and services across EMS, hospitals, fire, and public safety end markets.

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in Leiters

November 9, 2021

Pharmaceuticals

Welsh, Carson, Anderson & Stowe (WCAS) acquired a majority ownership stake in Leiters, an FDA-registered 503B outsourced pharmaceutical compounding provider. WCAS invested alongside health system investors including Intermountain Ventures, Novant Health, Rex Health Ventures, Spectrum Health Ventures and UNC Health, while existing investors — including Kaiser Permanente Ventures, Mayo Clinic, Frazier Healthcare Partners, SV Health Investors and H.I.G. BioHealth Partners — made reinvestments to support Leiters' growth, facility expansion and new product development.

Welsh, Carson, Anderson & Stowe Commits $250M to Kiniciti Platform for Cell & Gene Therapy Ecosystem

February 1, 2021

Biotechnology

Welsh, Carson, Anderson & Stowe (WCAS) committed up to $250 million to a strategic partnership with newly-formed Kiniciti, a platform that will invest in non-therapeutic companies supporting the cell and gene therapy ecosystem. The capital will support Kiniciti's flexible investment model (control, growth equity and significant minority stakes) to scale companies that provide process, production, materials and delivery capabilities for CGT.

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in AIA Contract Documents

July 9, 2025

Cloud & SaaS

Welsh, Carson, Anderson & Stowe (WCAS) has made a majority investment in AIA Contract Documents (ACD), the leading risk-management and contract workflow platform for the architecture, engineering, and construction (AEC) industry. WCAS is partnering with The American Institute of Architects (AIA) and existing investor True Wind Capital, which will remain investors and strategic partners; terms were not disclosed.