Private Equity Firm Healthcare

Varsity Healthcare Partners

Los Angeles, California, United States

Varsity Healthcare Partners is a lower middle-market private equity investment firm focused on partnering with founders, entrepreneurs and management teams to build healthcare services companies. Its approach emphasizes alignment with stakeholders and typically includes investment in infrastructure followed by aggressive organic and acquisition growth.

Focus Areas
Healthcare services private equity, Healthcare provider buy-and-build platforms

Tracked deals

22

22 tracked deals across 2018-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Addon

13 addon · 4 buyout · 3 growth capital

Varsity Healthcare Partners Acquisition Volume by Year

Last 6 years

Acquisition volume by year Annual acquisition counts for the last 6 years for Varsity Healthcare Partners. 1 2018 3 2020 7 2021 3 2022 5 2023 ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 22 tracked deals for Varsity Healthcare Partners.

  • Buyer
    Providence Equity Partners, Varsity Healthcare Partners
    Target
    CheckedUp
    Location
    United States
    Type
    Buyout

    Providence Equity Partners has agreed to acquire a majority stake in CheckedUp, a specialty point-of-care education and engagement platform. Varsity Healthcare Partners will join as a strategic minority investor, with co-founders Dr. Richard Awdeh and Mark Awdeh continuing to lead the company.

  • Buyer
    United Aesthetics Alliance
    Target
    LivSkin MedSpa | Laser
    Type
    Addon

    United Aesthetics Alliance (UAA), a platform of plastic surgery practices and medspa brands, has partnered with/acquired LivSkin MedSpa | Laser, a Minneapolis-area medical spa with locations in Minnetonka and Excelsior. The deal expands UAA's non-surgical aesthetics capabilities and strengthens its presence in the Minneapolis–St. Paul market.

  • Buyer
    Varsity Healthcare Partners
    Target
    Trialbee
    Location
    Skåne County, Sweden

    Varsity Healthcare Partners completed a strategic growth investment in Trialbee, a Sweden-headquartered, technology-enabled provider of patient recruitment services and analytics for clinical trials. VHP will partner with Trialbee's management to accelerate commercial scale, technology innovation, and global delivery capabilities while Trialbee's CEO Matt Walz remains in place; financial terms were not disclosed.

  • Buyer
    Varsity Healthcare Partners
    Target
    VetEvolve
    Seller
    Align Capital Partners
    Industry
    Veterinary
    Type
    Buyout

    Varsity Healthcare Partners completed a strategic growth investment to acquire VetEvolve, a Richmond, Virginia-based multi-location veterinary care platform. The transaction was a sale by Align Capital Partners; VetEvolve operates 32+ clinics across the Mid-Atlantic and employs over 600 team members, and VHP will partner with management to expand the platform into new geographies.

  • Buyer
    Emergency Care Partners, Varsity Healthcare Partners, Regal Healthcare Capital Partners
    Target
    Integrated Emergency Medicine Specialists
    Type
    Addon

    Emergency Care Partners (ECP), a physician-owned emergency medicine services platform backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners, has completed a strategic merger with Integrated Emergency Medicine Specialists (IEMS). IEMS — a Naples, Florida-based emergency department management group founded in 2015 — will operate as a regional physician group within ECP to leverage ECP's clinical analytics, back-office infrastructure, and national partnership resources to support growth and deepen hospital relationships.

  • Buyer
    Varsity Healthcare Partners, United Aesthetics Alliance
    Target
    Edina Plastic Surgery, Edina Surgery Center, Skin Artisans

    Varsity Healthcare Partners formed a new platform, United Aesthetics Alliance (UAA), to consolidate cosmetic surgery and medical spa practices and completed an initial recapitalization and growth capital investment in Edina Plastic Surgery, Edina Surgery Center, and Skin Artisans. The partnership will support expansion across Minnesota through new hires, facility expansion, centralized patient marketing, and selected strategic acquisitions.

  • Buyer
    Emergency Care Partners, Varsity Healthcare Partners, Regal Healthcare Capital Partners
    Target
    Eastern Carolina Emergency Physicians
    Type
    Addon

    Emergency Care Partners (ECP), a Pensacola-based emergency medicine and ED management platform backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners, completed a strategic merger with Eastern Carolina Emergency Physicians (ECEP), a North Carolina-based emergency medicine group. The deal integrates ECEP's physician partners as ECP shareholders and expands ECP's national footprint and clinical workforce as an add-on to its platform.

  • Buyer
    Varsity Healthcare Partners
    Target
    Beghou Consulting

    Varsity Healthcare Partners completed a strategic growth investment in Beghou Consulting, a global biopharmaceutical commercial-operations consulting firm headquartered in Evanston, Illinois. The investment will support Beghou’s continued expansion of analytics and proprietary technology capabilities; Jonathan Sandler will join Beghou’s board as part of the transaction.

  • Buyer
    Linden Capital Partners, Varsity Healthcare Partners
    Target
    Aspirion
    Seller
    Aquiline Capital Partners
    Type
    Buyout

    Linden Capital Partners completed the acquisition of Aspirion, a Columbus, Georgia–based provider of technology-enabled revenue cycle management (RCM) services, from Aquiline Capital Partners. Varsity Healthcare Partners joined the ownership group as a minority investor; Linden said it will invest in Aspirion's technology, AI/ML, and data capabilities and support growth through product and M&A initiatives.

  • Buyer
    Emergency Care Partners, Varsity Healthcare Partners, Regal Healthcare Capital Partners
    Target
    Arizona Emergency Medicine Specialists
    Type
    Addon

    Emergency Care Partners (ECP), a national emergency medicine and ED management platform backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners, has completed a strategic merger with Arizona Emergency Medicine Specialists (AEMS) of Lake Havasu, Arizona. The transaction brings AEMS physicians into ECP's physician-shareholder model, expands ECP's presence in the Southwest, and increases the combined platform to 43 locations with a clinical workforce supporting roughly 1,000,000 patient visits annually.

  • Buyer
    Probo Medical, Varsity Healthcare Partners
    Target
    REMETRONIX
    Type
    Addon

    Probo Medical, a PE-backed provider of refurbished diagnostic imaging equipment, has completed the acquisition of REMETRONIX, a Port St. Lucie, Florida-based provider of installation, de-installation, transport, rigging, maintenance and refurbishment services for medical imaging equipment. The acquisition (terms undisclosed) strengthens Probo's North American service footprint and brings REMETRONIX's installation/logistics capabilities into the Probo platform.

  • Buyer
    Emergency Care Partners, Varsity Healthcare Partners, Regal Healthcare Capital Partners
    Target
    Hernando County Emergency Physicians
    Type
    Addon

    Emergency Care Partners (ECP), a Pensacola-based emergency medicine platform backed by Varsity Healthcare Partners and Regal Healthcare Capital Partners, has completed a strategic merger with Hernando County Emergency Physicians (HCEP). HCEP's physician partners join ECP as shareholders, expanding ECP's regional footprint and clinical workforce to service 40 locations and roughly 700 clinicians, treating about 1,000,000 patients annually.

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