HealthpointCapital, a NYC-based private equity firm focused on musculoskeletal healthcare, held the first close its fourth fund, at $100m.
The final target of the The Musculoskeletal Fund IV is $500m.
The vehicle will continue the firm’s strategy of investing in differentiated technology and service companies in the orthopedics, spine, dental, maxillofacial, rehabilitation and digital health sectors.
The fund plans to invest in eight to ten innovative growth-stage companies that can benefit from HealthpointCapital’s sector focus, industry / management experience, and investment.
Founded in 2002 by John Foster, CEO, and Mike Mogul, President, HealthpointCapital is a private equity firm focused exclusively on the musculoskeletal sector.
Notable recent exits for HealthpointCapital include:
– Blue Belt Technologies, Inc. (acquired by Smith & Nephew plc) and
– BioHorizons, Inc. (acquired by Henry Schein, Inc.).