Private equity firms establish first healthcare-focused trade association
A group of private equity firms active in the healthcare industry have formed a non-profit trade association whose purpose is to support the "reputation, knowledge and relationships" of the healthcare private equity community.
The Healthcare Private Equity Association's approximately 40 member firms represent more than $300 billion of capital under management and more than 300 healthcare-focused investment professionals.
As the first sector-focused trade association in private equity, HCPEA anticipates it will represent one of the largest groups of privately-held healthcare businesses in the United States. Its members' approximately 500 healthcare portfolio companies have more than $200 billion of combined revenue and more than 750,000 employees.
"This is a time of unprecedented change in the healthcare sector, and private equity will continue to play a key role in shaping the industry's future," said Brian Miller, the association's president and a partner and co-founder of Linden Capital Partners. "HCPEA will support and encourage the essential investments that private equity firms direct into our healthcare economy."
