Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced that it has partnered with management to acquire Capsa Healthcare (“Capsa” or the “Company”). Capsa is a leading provider of mobile workstations, medication management products, and pharmacy automation solutions for healthcare settings worldwide. The Company’s workflow solutions increase efficiency for over 3,000 customers, including leading health systems, senior care communities and major retail and institutional pharmacies. Capsa is headquartered in Portland, OR and has additional production facilities in Columbus, OH and Agua Prieta, Mexico.
The investment in Capsa will be the first investment from Levine Leichtman Capital Partners VI, L.P. According to Aaron Perlmutter, Partner of LLCP, “We are excited to partner with Andrew Sherrill, CEO, and the rest of the Capsa management team, who have successfully built a market leading company in an attractive segment of the healthcare industry. We are looking forward to working with Andrew and his team to continue providing innovative solutions to a growing and evolving healthcare landscape.”
The Company’s management team, led by Andrew Sherrill, will acquire a meaningful ownership stake in the Company in connection with the transaction. Andrew Sherrill commented, “My team and I are very excited to partner with LLCP as Capsa seeks to enhance its market-leading position across the healthcare ecosystem. LLCP’s experience across sectors including highly-engineered products and healthcare services – the intersection of which Capsa is situated – as well as LLCP’s operational and deal origination resources, will be critical to the continued growth of the Company.”
LLCP was advised by Kirkland & Ellis LLP. Senior financing was provided by Midcap Financial, NewStar Financial and Madison Capital.