HCAP Partners Exits CortiCare (Neuromonitoring Services Provider)
August 15, 2023
HCAP Partners has exited its strategic investment in a leading neuromonitoring company, identified as CortiCare, selling the business to an undisclosed buyer. HCAP invested in 2019 and during its hold period the company’s revenues quadrupled, EBITDA grew 2.5x, and headcount expanded from roughly 54 to about 256 employees, supporting expanded tele-neurology and in-home EEG services.
- Buyers
- Undisclosed buyer
- Targets
- CortiCare
- Sellers
- HCAP Partners
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Divestiture
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