Healthcare & Life Sciences Private Equity Deal Tracker: Nautic Invests in SPS Health

McGuireWoods LLP

Nautic Partners has made a strategic growth investment in SPS Health, according to a news release.

SPS, based in Milwaukee, offers a portfolio of solutions, including formulary management, on-demand pharmacy and benefit administration, to pharmacies and pharmacy benefit managers. Services are provided through SPS’s three companies: LithiaRx, Trinity Healthcare Solutions and StatimRx.

Nautic, based in Providence, R.I., is a middle market private equity firm focused on investments in healthcare and a few other sectors. The firm prefers to make $50 million to $400 million-plus equity commitments in a variety of growth, consolidation and buyout opportunities of North American companies with enterprise values from $100 million to $1 billion and more.

Terms of the investment were not disclosed.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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