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Healthcare & Life Sciences Private Equity Deal Tracker: Cressey and HEP Acquire InterMed Group


Cressey & Company and Health Enterprise Partners (HEP) have acquired The InterMed Group from Granite Bridge Partners, according to a news release.

InterMed, based in Alachua, Fla., is a provider of healthcare technology management services. The company supports hospitals and health systems across the United States, with a focus on biomedical and imaging equipment. 

Cressey, with offices in Chicago and Nashville, seeks control and minority equity investments exclusively in healthcare. Established in 2008, the firm considers a wide range of investments in middle market companies.

HEP, based in New York, seeks control and minority equity investments in lower middle market healthcare information technology and services companies. Founded in 2006, the firm has wide flexibility on investment size and targets companies with between $10 million and $50 million in revenue.

Granite Bridge Partners, based in New York, is a private equity investment firm that targets control investments in lower middle market companies in the United States and Canada. Founded in 2018, the firm pursues companies with more than $10 million in revenue in several industries, including healthcare services.

Terms of the transaction were not disclosed.


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