Frontline Healthcare Partners ("Frontline" or "FHP"), a private equity firm headquartered in Charleston, is pleased to announce the final close of its inaugural fund, Frontline Healthcare Partners, L.P. (the "Fund"), at $125 million. The Fund was created to pursue control investments in micro-cap distributed healthcare businesses, with the strategic goal of partnering with entrepreneurs to build market-leading healthcare companies.
The Fund’s strategy leverages Frontline’s deep expertise in healthcare services and operational value creation. This focused approach allows FHP to partner with healthcare entrepreneurs who are transforming traditional care delivery models while improving access, enhancing outcomes, and creating efficiency across the healthcare ecosystem. FHP is committed to supporting entrepreneurial teams that prioritize the patient and customer experience while maintaining strong business fundamentals. This unique investment approach has led to early success in the portfolio, positioning the Fund for continued growth and long-term value creation.
To date, Frontline has completed four platform investments, each demonstrating strong growth and return potential. These investments include Bay Area Clinical Associates, a Northern California based provider of partial hospitalization and intensive outpatient programming for children, teens, and adults facing mental health and behavioral challenges; JoyBridge Kids, an early intervention provider of ABA therapy, speech therapy, and occupational therapy services with locations in Tennessee, Georgia, and North Carolina; LivWell Infusions, a leading provider of outpatient infusion services for complex chronic conditions, operating across 12 states through ambulatory centers and specialty physician partnerships; and Porch Light Health, an addiction treatment provider with comprehensive outpatient services in 60 locations throughout Colorado and six locations in New Mexico.
"The successful closing of our inaugural fund underscores our confidence in the micro-cap distributed healthcare sector and the tremendous potential for partnerships with visionary entrepreneurs," said Derek Spence, Co-Founder and Partner at Frontline. "We are grateful for the strong support from our investors, and are excited to continue building market-leading healthcare businesses."
In addition to the support from the Fund’s anchor investors, the successful final closing attracted significant interest from institutional investors, established family offices, and high-net-worth individuals.
CrossBay Capital Partners served as placement agent and Latham & Watkins LLP served as legal counsel.
About Frontline Healthcare Partners
Frontline Healthcare Partners (“Frontline”) is a Charleston-based private equity firm focused on partnering with lower middle market distributed healthcare businesses. Founded by experienced healthcare investors and operators, Frontline brings deep sector expertise and a hands-on approach to value creation. The firm partners with entrepreneurial founders to build market-leading healthcare companies through operational excellence, strategic growth initiatives, and transformative add-on acquisitions. For more information, please visit www.frontlinehcp.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241122826189/en/
Contacts
For all media and investment inquiries, please contact:
Gordon Maner – Co-Founder and Partner
(843) 405-1106 – gmaner@frontlinehcp.com
