Firms form healthcare trade group

TPG, KKR, Apax and Bain are just some of the 40 private equity firms that make up the Chicago-based association for private equity firms that invest in healthcare.

Forty healthcare-focused private equity firms including TPG, Apax and Kohlberg Kravis Roberts have formed the Healthcare Private Equity Association “to support the reputation, knowledge and relationships of the healthcare private equity community”.
Most of HCPEA’s members are based in the US. Its members’ 500-some healthcare portfolio companies have more than $200 billion of combined revenue and more than 750,000 employees, HCPEA said in a statement.
To join the association, members are required to have a minimum of three healthcare-related portfolio companies and be focused on investing in healthcare leveraged buyouts or late-stage growth equity. 
The association will promote traditional networking and professional development initiatives – HCPEA is sponsoring three industry events this year. The association will also work with the government, the media and other organisations in the US to “foster a greater understanding of how healthcare equity investment contributes to the US economy”.
HCPEA will also underwrite research important to the healthcare investment industry.
The officers of the association all come from member firms. Brian Miller of Linden Capital Partners is president, Andrew Carragher of DW Healthcare Partners is secretary, and David Schuppan of Cressey & Company is treasurer.
Other member firms include Apax Partners, MetalMark, Kohlberg Kravis Roberts, Riverside Company, TPG Capital, Bain Capital, and Welsh, Carson, Anderson & Stowe.
“This is a time of unprecedented change in the healthcare sector, and private equity will continue to play a key role in shaping the industry's future,” Miller said in a statement. “HCPEA will support and encourage the essential investments that private equity firms direct into our healthcare economy.”