Tracked deals
37
37 tracked deals across 2015-2026.
Private Equity Firm
Healthcare
HCAP Partners
La Jolla, California, United States
HCAP Partners is a Southern California investment firm providing acquisition and growth capital to lower middle-market companies across the United States, with an impact-oriented approach (Impact Assets 50 since 2014 and a Gainful Jobs Approach).
- Focus Areas
- Healthcare (lower middle-market investing), Software (portfolio focus), Services (portfolio focus)
- Website
- www.hcap.com
Recent pace
8
8 tracked deals announced in the last 12 months.
Deal mix
Growth capital
20 growth capital · 8 addon · 7 buyout
HCAP Partners Acquisition Volume by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 37 tracked deals for HCAP Partners.
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January 15, 2026
- Buyer
- St. Cloud Capital, Integrated Diagnostic Services (IDS), HCAP Partners, Southfield Mezzanine, California Bank & Trust
- Target
- Core Analytics Lab & Radiology
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Growth capital
St. Cloud Capital made a growth capital investment in Integrated Diagnostic Services (IDS) to support IDS’ acquisition of Core Analytics Lab & Radiology, a provider of mobile radiology and laboratory services in California. The financing round included participation from HCAP Partners, Southfield Mezzanine, and California Bank & Trust and is intended to expand IDS’ in‑house lab capabilities, improve route density, and increase responsiveness to patients in post‑acute settings.
-
January 15, 2026
- Buyer
- HCAP Partners, Integrated Diagnostic Services (IDS), St. Cloud Capital, Southfield Mezzanine, California Bank & Trust
- Target
- Core Analytics Lab & Radiology
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Addon
HCAP Partners completed a follow-on, add-on acquisition for its Integrated Diagnostic Services (IDS) platform with the purchase of Core Analytics Lab & Radiology, a provider of mobile radiology and laboratory services across California. The deal expands IDS' footprint into Northern California, adds in-house mobile laboratory diagnostics to its bundled service offering for skilled nursing, long-term care, and home health providers, and increases statewide route density and service integration.
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December 19, 2025
- Buyer
- HCAP Partners
- Target
- Puzzle Healthcare
- Industry
- Healthcare Services
- Location
- Michigan, United States
- Type
- Growth capital
HCAP Partners, a California-based private equity firm, has made a growth investment in Puzzle Healthcare to accelerate scaling of its physiatry-led post-acute care coordination platform. The funding will support Puzzle's expansion of services across skilled nursing facilities and extend its national reach while aiming to reduce hospital readmissions and lower care costs.
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November 20, 2025
- Buyer
- HCAP Partners
- Target
- IND, Inc.
- Seller
- IND's majority shareholder
- Industry
- Industrial Services
- Location
- Washington, United States
- Type
- Recapitalization
HCAP Partners has invested in IND, Inc. to support management's buyout of IND's majority shareholder and provide capital for facility expansion, working capital, and growth. IND, headquartered in Vancouver, Washington, provides critical cleaning, coating, refurbishment, and engineering services to semiconductor equipment manufacturers and will remain led by founder and CEO Jonathan Lovegrove.
-
September 29, 2025
- Buyer
- Harkness Capital Partners
- Target
- Premier Fence, LLC
- Industry
- Construction
- Location
- Massachusetts, United States
- Type
- Buyout
Harkness Capital Partners completed an investment in Premier Fence, LLC on September 29, 2025, funded from Harkness Capital Partners II LP. The partnership will support Premier Fence's expansion of fencing, guardrail and gates/access-control services, accelerate geographic growth across New England, and pursue complementary add-on acquisitions with operational support from Harkness' operating partners.
-
September 24, 2025
- Buyer
- Salt Creek Capital, HCAP Partners
- Target
- Real Diagnostics, LLC
- Industry
- Healthcare Services
- Location
- Maryland, United States
- Type
- Buyout
Salt Creek Capital has acquired Real Diagnostics, LLC (RealDx), a Reisterstown, Maryland-based specialist diagnostic laboratory serving physician offices and clinics across 17 states. HCAP Partners has invested to support Salt Creek's acquisition and to help RealDx scale operations, expand geographic reach, and enhance workforce and service capabilities; terms were not disclosed.
-
September 24, 2025
- Buyer
- Crescent Peak, FVLCRUM Funds, HCAP Partners
- Target
- Federal EC LLC
- Industry
- Construction
- Location
- Georgia, United States
- Type
- Buyout
Crescent Peak and FVLCRUM Funds completed the acquisition of Federal EC LLC, a Woodstock, Georgia-based trenchless-pipe and underground utility rehabilitation specialist, with the deal closing September 24, 2025. HCAP Partners announced a supporting investment to back the transaction and to help fund Federal EC's growth, workforce expansion, and potential add-on activity.
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September 23, 2025
- Buyer
- PAX Health, HCAP Partners, Hamilton Lane
- Target
- Neuropsychology and Counseling Associates
- Industry
- Healthcare Services
- Location
- New Jersey, United States
- Type
- Addon
PAX Health, a behavioral health platform backed by HCAP Partners and funds managed by Hamilton Lane, has acquired Neuropsychology and Counseling Associates, a New Jersey-based outpatient mental health practice. The add-on expands PAX Health's neuropsychological and memory-support services and strengthens its geographic footprint across New Jersey while preserving the practice's specialized clinical offerings.
-
July 29, 2025
- Buyer
- Integrated Diagnostic Services (IDS), HCAP Partners
- Target
- Community of Nevada Diagnostics
- Industry
- Healthcare Services
- Location
- Nevada, United States
- Type
- Addon
Integrated Diagnostic Services (IDS), a mobile imaging platform backed by HCAP Partners, has acquired Community of Nevada Diagnostics, a provider of mobile X-ray, ultrasound, EKG and echocardiogram services across the Las Vegas and Reno markets. The deal is an add-on acquisition that expands IDS’s regional footprint serving skilled nursing, long-term care, and home health providers in Nevada; terms were not disclosed.
-
April 22, 2025
- Buyer
- HCAP Partners, Integrated Diagnostic Services (IDS)
- Target
- First Choice Mobile Radiology Services, LLC
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Addon
HCAP Partners, via its newly launched imaging platform Integrated Diagnostic Services (IDS), has acquired First Choice Mobile Radiology Services, a Southern California provider of mobile X-ray, ultrasound, EKG and echocardiogram services. The deal is the first add-on for IDS and aims to expand access to bedside diagnostics for skilled nursing, long-term care and home health populations across the Western U.S.
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April 17, 2025
- Buyer
- PAX Health, HCAP Partners, Hamilton Lane (funds managed by)
- Target
- Richardson Psychiatric Associates
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Type
- Addon
PAX Health, a behavioral healthcare platform backed by HCAP Partners and funds managed by Hamilton Lane (Nasdaq: HLNE), has acquired Richardson Psychiatric Associates, an outpatient psychiatric practice based in New Castle, Pennsylvania. The add-on expands PAX Health's mental health services and geographic footprint in Western Pennsylvania, adding expertise in psychiatric evaluations, medication management, and multiple therapeutic modalities.
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January 27, 2025
- Buyer
- PAX Health, HCAP Partners, Hamilton Lane
- Target
- Harris Psychiatric Services
- Industry
- Healthcare Services
- Location
- New York, United States
- Type
- Addon
PAX Health, backed by HCAP Partners and Hamilton Lane, has acquired Harris Psychiatric Services, an outpatient psychiatric practice specializing in care for patients recovering from workplace injuries and motor vehicle accidents. The add-on expands PAX Health’s trauma-related behavioral health and chronic pain management capabilities and aims to improve access and referral pathways for injured workers and accident survivors.
Related Acquisition Pages
Healthcare Services Buyers & Acquisitions
23 tracked deals by HCAP Partners.
Industrial Services Buyers & Acquisitions
3 tracked deals by HCAP Partners.
Construction Buyers & Acquisitions
2 tracked deals by HCAP Partners.
Environmental Services Buyers & Acquisitions
2 tracked deals by HCAP Partners.
Acquisitions in California
11 tracked deals by HCAP Partners.
Acquisitions in Arizona
3 tracked deals by HCAP Partners.
Acquisitions in Texas
3 tracked deals by HCAP Partners.
Acquisitions in Pennsylvania
2 tracked deals by HCAP Partners.
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