Swander Pace Capital, a private equity firm focussed on consumer companies, has acquired Nutritional Medicinals (Functional Formularies) and its products Liquid Hope and Nourish.
Founded in 2006 by professional chef and nutrition expert Robin Gentry McGee, Functional Formularies is the leading provider of organic, whole food, shelf-stable feeding tube formulas. Gentry McGee created the Company after searching unsuccessfully for natural alternatives to traditional feeding tube formulas to help her father when he was faced with life-threatening health issues. The company offers unique, organic, and whole food alternatives to traditional feeding tube formulas. Liquid Hope and Nourish are nutritionally complete, plant-based, and USDA-certified organic. The company offers its products to retail customers online and to institutional customers in hospital and long-term care settings.
“As demand for organic products continues to surge in the vast feeding tube market, consumers, physicians, and healthcare facilities are realising the amazing healing power of an all-natural, whole food, plant-based diet,” says Mo Stout, managing director at Swander Pace Capital.
“Functional Formularies is the pioneer in this category, and we couldn’t be more excited to work alongside Robin and her talented team to build upon the Company’s inspiring legacy amid growing consumer awareness of food as medicine,” adds Mark Poff, managing director at Swander Pace Capital.
“What began as a labour of love has drawn attention to a vital issue in healthcare,” says Gentry McGee. “While traditional approaches have tended to minimise the connection between diet and healing, we believe that food is a critical part of the recovery process and that individuals at their most vulnerable times crave the benefits of a nutrient-rich, whole food-based diet free from added chemicals and sugars. Swander Pace is the ideal partner to help us achieve our next phase of growth. They have a long history of working with high growth organic food companies and giving them the resources they need to succeed,” adds Gentry McGee.
