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Sverica Capital Management closes sale of RestorixHealth

Private equity firm Sverica Capital Management has closed on its sale of RestorixHealth to an investment group led by Leonard Green & Partners.

Based in Tarrytown, NY, RestorixHealth provides comprehensive, turnkey wound care management solutions to hospitals.
 
Sverica acquired a majority interest in RestorixHealth (then The Center for Wound Healing) in December 2010. Over the course of its investment, Sverica optimised the organisational structure of the business, added depth to the management team, guided the company through double digit organic growth, and completed three add-on acquisitions.
 
“We are thrilled to have been partners with RestorixHealth through a transformative phase in the company’s development,” says Dave Finley (pictured), Managing Director at Sverica. “RestorixHealth has grown from a regional operator to a bona fide industry leader with a national footprint. Both Sverica and management felt it was an opportune time to explore another financial partner. Leonard Green & Partners is the ideal partner to help guide management in the continued growth of RestorixHealth.”
 
“Sverica has been a fantastic partner for RestorixHealth. Their strategic input has been invaluable to our success. The company wouldn’t be where it is today without their board level oversight and involvement,” says Steve McLaughlin, RestorixHealth’s Chief Executive Officer. “Sverica’s growth-oriented investment model facilitated the company’s nearly quadrupling of treatment centres during their ownership.”
 
“RestorixHealth has established itself as a leader in the wound care management industry and has built a fantastic business by focusing on value added solutions for their customers,” said John Baumer, Partner at Leonard Green & Partners. “We look forward to working with Steve and the team to support the next phase of the Company’s growth.”
 

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