Private Equity Firm Healthcare

5th Century Partners

Chicago, Illinois, United States

5th Century Partners (5CP) is a purpose-driven private investment firm that invests in middle-market companies within the healthcare and business services sectors that it believes have outsized growth potential. It provides capital, operating expertise, and strategic relationships that lead to sustainable growth.

Focus Areas
Healthcare investing, Business services investing
Website
5cpartners.com

Tracked deals

8

8 tracked deals across 2022-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

3 buyout · 3 growth capital · 2 addon

5th Century Partners Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for 5th Century Partners. 3 2022 2 2023 2 2024 ~2 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Radon Medical Imaging, Avante Capital Partners, 5th Century Partners
    Target
    Majestic Medical Solutions
    Seller
    Majestic founder Jeff Sirk (joining Radon leadership as key stakeholder)
    Type
    Addon

    Radon Medical Imaging acquired Majestic Medical Solutions, a Baton Rouge, Louisiana-based provider of medical imaging equipment services and solutions. The deal closed in the fourth quarter of 2025 and represents Radon’s fourth add-on acquisition, expanding Radon’s Southeast footprint into Louisiana and Mississippi.

  • Buyer
    Radon Medical Imaging, 5th Century Partners
    Target
    Alpha Imaging
    Type
    Addon

    Radon Medical Imaging, a PE-backed independent service organization, acquired Alpha Imaging of Willoughby, Ohio in an add-on transaction closed in October 2024. The deal expands Radon's geographic footprint and service and distribution capabilities in medical imaging equipment across the eastern U.S.

  • Buyer
    5th Century Partners
    Target
    My Favorite Therapists

    5th Century Partners, a purpose-driven private investment firm, made a strategic growth investment in My Favorite Therapists, a Florida-based multi-center therapy provider for children with autism and developmental delays. The founders retain significant ownership and management control, and the capital will be used to strengthen operations, expand the team and open additional therapy centers across Florida.

  • Buyer
    Metamora Growth Partners, 5th Century Partners
    Target
    Perspecta, TalisPoint
    Location
    United States

    Metamora Growth Partners has made an investment in Perspecta and supported the completed merger of Perspecta and TalisPoint. The combined company will focus on accelerating product innovation and growth in provider data management for health plans, TPAs, and workers' compensation and property & casualty markets.

  • Buyer
    5th Century Partners
    Target
    Perspecta
    Type
    Buyout

    5th Century Partners, a Chicago-based private investment firm, has acquired Perspecta, a Philadelphia-area provider of physician directories and provider data management solutions for workers' compensation, health plans and third-party administrators. The investment will support Perspecta's growth plans — including national sales expansion, product development and enhanced go-to-market capabilities — while management (including CEO Howard Koenig and COO April Stiles) remains in leadership and retains equity.

  • Buyer
    5th Century Partners
    Target
    LSL Healthcare
    Seller
    Ash Luthra
    Industry
    Medical Devices
    Type
    Buyout

    5th Century Partners has made a majority investment in LSL Healthcare, a U.S.-based manufacturer of single-use medical devices, IV start kits, surgical procedure kits and hospital supplies. As part of the transaction, new CEO Victor Bridgeman and CFO Colleen Mocko joined LSL's leadership while founder Ash Luthra moves to an advisory role; Kayne Anderson provided debt financing and Kroll served as sell-side advisor.

  • Buyer
    5th Century Partners, Avante Capital Partners
    Target
    Radon Medical Imaging
    Type
    Buyout

    5th Century Partners has acquired Radon Medical Imaging, a provider of medical imaging equipment service, sales, and distribution, with unitranche debt and a minority equity investment provided by Avante Capital Partners to support the transaction. The deal positions Radon as the platform for growth in medical imaging services and will leverage Avante’s flexible capital to support the company’s expansion.

  • Buyer
    5th Century Partners
    Target
    Peace Out Skincare

    5th Century Partners has made a $20 million growth investment in Peace Out Skincare, the DTC beauty brand known for its OTC-approved Acne Dot and other skincare products. The capital will fund Peace Out's domestic and international expansion, new product launches, increased marketing, and hiring to scale operations.

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