Frontline Healthcare Partners – a private equity firm based in Charleston – announced the final closing of its inaugural fund, Frontline Healthcare Partners, L.P. at $125 million. This fund was created to pursue control investments in micro-cap distributed healthcare businesses, with the strategic goal of partnering with entrepreneurs to build market-leading healthcare companies.
This fund’s strategy utilizes Frontline’s expertise in healthcare services and operational value creation. And this focused approach allows FHP to partner with healthcare entrepreneurs who are transforming traditional care delivery models while improving access, enhancing outcomes, and creating efficiency across the healthcare ecosystem.
FHP is focused on supporting entrepreneurial teams prioritizing the patient and customer experience while maintaining strong business fundamentals. This investment approach has led to early success in the portfolio, positioning the Fund for continued growth and long-term value creation.
So far, Frontline has completed four platform investments, each demonstrating strong growth and return potential. And these investments include Bay Area Clinical Associates, a Northern California-based provider of partial hospitalization and intensive outpatient programming for children, teens, and adults facing mental health and behavioral challenges; JoyBridge Kids, an early intervention provider of ABA therapy, speech therapy and occupational therapy services with locations in Tennessee, Georgia, and North Carolina; LivWell Infusions, a leading provider of outpatient infusion services for complex chronic conditions, operating across 12 states through ambulatory centers and specialty physician partnerships; and Porch Light Health, an addiction treatment provider with comprehensive outpatient services in 60 locations throughout Colorado and six locations in New Mexico.
Along with support from the Fund’s anchor investors, the successful final closing attracted significant interest from institutional investors, established family offices, and high-net-worth individuals.
CrossBay Capital Partners served as the placement agent, and Latham & Watkins served as legal counsel.
KEY QUOTES:
“The successful closing of our inaugural fund underscores our confidence in the micro-cap distributed healthcare sector and the tremendous potential for partnerships with visionary entrepreneurs. We are grateful for the strong support from our investors, and are excited to continue building market-leading healthcare businesses.”
– Derek Spence, Co-Founder and Partner at Frontline
