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Yahoo
6 days ago
- Business
- Yahoo
Waud Capital Partners Forms New Partnership with Experienced Healthcare Executive Bill Mixon
Waud Capital Partners teams up with accomplished industry executive to acquire and build a healthcare supply chain solutions company CHICAGO, July 17, 2025 /PRNewswire/ -- Waud Capital Partners ("Waud Capital"), a growth-oriented middle-market private equity firm, announced today that it has formalized an executive partnership with Bill Mixon to pursue a platform investment in the medical device and supply chain services market. Targeted sub-sectors of focus will include but are not limited to home distribution, other value-add specialty distribution, outsourced provider equipment services, and chronic care and population health management offerings that deliver value to supply chain channel partners. Waud Capital anticipates investing over $100 million of equity capital to support the initiative. Mr. Mixon is an accomplished healthcare executive with more than 30 years of operating experience across the medical device and supply chain services continuum, with particular emphasis on specialty distribution and outsourced provider equipment services. He brings deep operational expertise with an extensive focus on enhancing clinical value and improving patient outcomes through the medical supply chain. Mr. Mixon has successfully scaled several private equity-backed and publicly traded organizations through repeatable organic growth strategies as well as strategic acquisitions. Most recently, Mr. Mixon served as Chief Executive Officer of Advanced Diabetes Supply, where he led the organization through a successful sale from its private equity sponsor to Cardinal Health. Advanced Diabetes Supply is a national diabetes care management platform distributing innovative therapies including continuous glucose monitors and other diabetes-related supplies. During his time at Advanced Diabetes Supply, Mr. Mixon drove transformational growth by professionalizing the organization through salesforce productivity enhancements, executing a shift in go-to-market initiatives, and delivering margin improvements through revenue cycle initiatives and other operational efficiencies. At time of sale to Cardinal Health, Advanced Diabetes Supply had grown to $1B in revenue and served nearly a half-million patients annually. Prior to Advanced Diabetes Supply, Mr. Mixon was the Chief Executive Officer of National Seating & Mobility, a provider of comprehensive mobility solutions to patients in the home. Under Mr. Mixon's leadership at National Seating & Mobility, the organization scaled through organic and inorganic methods and successfully transacted on several different occasions to multiple private equity sponsors. Mr. Mixon began his career with the U.S. Army before holding leadership positions at large organizations such as Baxter, Phillips, and Agiliti Health. "I'm excited to partner with Waud Capital to identify and help build what we hope will be an industry-leading business that supports and improves the overall healthcare supply chain," said Mr. Mixon. "Waud Capital's executive partnership approach, dedicated ecosystem resources, and deep investing experience across relevant areas make the firm a highly attractive partner. I believe this combination will enable us to capitalize on transformative growth opportunities, and I look forward to leveraging my past experiences to drive clinical value for medical professionals, manufacturers, payors and most importantly, patients." "We are thrilled to partner with Bill," said Mike Lehman, Principal at Waud Capital. "He is an exceptional executive who has created value and driven multiple successful outcomes throughout his career in a sector we find highly attractive. The healthcare supply chain markets are highly fragmented with significant opportunities for organizations to deliver value-add solutions and address substantial challenges for key stakeholders." This executive partnership builds upon Waud Capital's extensive experience investing across the broader healthcare supply chain services and home care markets. Notable investments include Mopec Group (supplier of pathology equipment, consumables and services), PromptCare (home infusion and durable medical equipment), Provider Network Holdings (specialty medication supply management), DS Medical (home medical supplies), and recent home care investments AltoCare (in-home senior care), and Concierge Home Care (skilled home healthcare). "The partnership with Bill is another example of Waud Capital's executive-first campaign approach and commitment to support accomplished executive leaders with the full ecosystem of resources to execute transformative growth strategies in large, growing markets," said Kyle Lattner, Partner at Waud Capital. "This is our second dedicated campaign in the medical device and supply chain services market in the last two years and we are thrilled about the prospects of what we can accomplish during our partnership with Bill." About Waud Capital PartnersBased in Chicago and founded by Reeve B. Waud, Waud Capital Partners is a growth-oriented private equity firm with over 30 years of investing experience. Waud Capital Partners seeks to partner with experienced management teams to build market-leading companies within two industries: healthcare and software & technology. Since its founding in 1993, Waud Capital has successfully completed more than 500 investments, including platform companies and follow-on opportunities. For additional information on Waud Capital, please visit Investment Professional Contacts:Kyle Lattner, Partner(312) 676-8404klattner@ Mike Lehman, Principal(312) 676-8446mlehman@ Business Development Contact:Phil Olson, Partner – Business Development(312) 676-8401polson@ Investor Relations Contact:Jessica Schmitt, Head of Investor Relations(312) 676-8400jschmitt@ View original content to download multimedia: SOURCE Waud Capital Partners
Associated Press
21-04-2025
- Business
- Associated Press
Altocare, a newly formed home care holding company of Waud Capital Partners, acquires MedTec Healthcare
CHICAGO, April 21, 2025 /PRNewswire/ -- Waud Capital Partners ('Waud Capital'), a growth-oriented middle-market private equity firm, announced today the acquisition of MedTec Healthcare ('MedTec'), a provider of in-home care and adult day services. This acquisition represents a significant milestone in Waud Capital's strategy to build a market-leading platform in home-based care services through its newly formed holding company, Altocare. MedTec will join Senior Helpers under the Altocare umbrella, creating a comprehensive home care platform that focuses on serving private-pay and Medicaid-supported clients. As part of the acquisition, MedTec Healthcare and Senior Helpers will continue to operate under their existing brands and leadership. Steve Jakubcanin, an Executive Partner at Waud Capital with over 20 years of healthcare operating experience in home care and other post-acute sectors, will serve as Altocare's Executive Chairman. As a former clinician and experienced executive, he brings a deep understanding of multi-site operations and patient care, and he has successfully scaled organizations through both organic and inorganic strategies. 'This acquisition represents a significant step in our vision to create a leading home care platform that delivers best-in-class care,' said Steve Jakubcanin. 'MedTec Healthcare's dedication to quality and its strong market presence align perfectly with our mission. We look forward to working together to enhance home care services and improve outcomes for the clients and families we serve.' Shihwan Chung, CEO of MedTec Healthcare, expressed enthusiasm about the transition, stating, 'This marks an exciting new chapter for MedTec Healthcare. Joining forces with Altocare and Waud Capital Partners presents a tremendous opportunity to expand our impact and elevate the quality of care we deliver to our clients and their families. With shared values and a commitment to innovation, we look forward to building a stronger future together and continuing to serve our communities with excellence and compassion.' About MedTec Healthcare Founded in Illinois, MedTec Healthcare provides culturally, and linguistically tailored in-home care services designed to help clients maintain their independence. The company also operates adult day centers offering transportation, meals, and engaging activities for seniors. MedTec is recognized for its compassionate approach to caregiving and its commitment to meeting the unique needs of diverse communities serving clients across Illinois. ( ) About Altocare Altocare, a newly formed home care holding company of Waud Capital Partners, is pleased to announce the acquisition of MedTec Healthcare. This strategic acquisition enhances Altocare's ability to address the growing demand for accessible home care services. This addition complements Waud Capital's existing investments in home-based care (Senior Helpers) and positions Altocare as a scaled provider in the sector with plans for geographic and service expansion. ( ) About Waud Capital Partners Based in Chicago, Waud Capital Partners is a growth-oriented private equity firm with over 30 years of investing experience. Waud Capital seeks to partner with experienced management teams to build market-leading companies within two industries: healthcare and software & technology. Since its founding in 1993, Waud Capital has successfully completed more than 480 investments, including platform companies and follow-on opportunities. For additional information on Waud Capital, please visit Investment Professional Contact: Kyle Lattner, Partner [email protected] Business Development Contact: Phil Olson, Partner [email protected] Investor Relations Contact: Jessica Schmitt, Head of Investor Relations [email protected] View original content to download multimedia: SOURCE Waud Capital Partners
