NaviMed Capital today said it raised its 1st fund, a $110 million pool it plans to use to back “lower middle-market healthcare businesses” in the services, IT, hospital products and distribution sectors.
The Washington, D.C.-based private equity shop said its 1st investment from the fund went to healthcare risk management company Lucent Health Solutions.
“Our partnership with NaviMed has been invaluable to the success of our business” Lucent Health CEO Brett Rodewald said in prepared remarks.
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