Waud Commits $150 Million of Equity to New Healthcare IT Platform

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Waud Capital Partners has announced it has entered into a partnership with John Damgaard to build a healthcare information technology (IT) software platform.

Waud Capital has committed $150 million of equity capital to the partnership, which will build the platform via acquisition of companies and assets.

Damgaard is a healthcare IT veteran who most recently served as chief executive officer of MatrixCare, a developer of post-acute care software.

Waud, founded in 1993, seeks control equity investments in middle market companies in healthcare and a few other industries. Within healthcare, the Chicago-based firm targets the provider services, hospitals/major facilities, life sciences/pharmaceutical and non-reimbursement industries.

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