Waud Capital Partners With Bradley To Build Healthcare Services Platform

Sep 20 2017 | 8:04pm ET

Private equity company Waud Capital Partners has inked a partnership with veteran healthcare executive Vincent Bradley to acquire and build a leading multi-site healthcare services platform.

As part of the agreement, Waud Capital and Bradley will invest in a multi-site healthcare services company and transform it into a market leader by optimizing core operations, accelerating organic growth, and completing strategic add-on acquisitions, the company said in a statement. Waud has initially committed $100 million of equity capital to the initiative, it added.

Waud Capital’s existing platforms have experience in this industry via investments in the dental, physical therapy, and ophthalmology markets as well as with its historical investments in the behavioral health and vascular medicine markets.  

Bradley is a veteran of the multi-site healthcare industry. He was most recently CEO of Banfield Pet Hospital, the largest general veterinary practice in the world with more than 975 hospitals operating in 42 states, the District of Columbia, Puerto Rico and Mexico.  Beforehand, he served in senior leadership positions at several other leading healthcare companies, including Take Care Health Employer Solutions Group (dba Premise Health), where Mr. Bradley served as the Divisional Vice President of the Employer Solutions Group, Regional Vice President of the Eastern Region, and Vice President of Sales and Account Development.

"The multi-site landscape offers many attractive opportunities, as many of the markets we plan to target remain fragmented and are experiencing strong industry growth,” said Bradley in the statement. “Having spoken to numerous private equity firms, I chose to partner with Waud Capital due to their prior success in partnering with industry leading CEOs."

Based in Chicago, Waud Capital Partners is a growth-oriented private equity firm with total capital commitments of approximately $2.1 billion since its founding in 1993. The firm has successfully completed 220 investments, including platform companies and follow-on opportunities, since inception.

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