DW Healthcare Partners has made an investment in Health & Safety Institute, an emergency care and response training organization. The investment was made through the firm’s third investment fund.
“Health & Safety Institute focuses on providing high quality health and safety training products and solutions to its customers worldwide. Now collaborating with DW Healthcare Partners, we have the expertise and strategic corporate guidance to transform our traditional publishing and training company into a technology-powered solutions provider in the occupational safety, health and compliance industry,” said Bill Clendenen, CEO of Health & Safety Institute.
Health & Safety Institute (HIS) is an emergency care and response training organization. The company was founded in 1978 and is based in Eugene, OR (www.hsi.com).
“We are very pleased to be partnering with Health and Safety Institute. Bill Clendenen and his team have positioned the company well with technically-superior and highly-relevant training platforms so that together, we can take advantage of the significant growth opportunities ahead of us in this technology-driven arena of healthcare compliance and education,” said Andrew Carragher, co-founder and Managing Director of DW Healthcare Partners.
After completing the HIS acquisition, DW Healthcare Partners immediately made an add-on acquisition for the company with the purchase of Summit Training Source, a provider of environmental, health and safety compliance training materials. Summit Training Source was founded in 1981 and is based in Grand Rapids, MI (www.safetyontheweb.com).
DW Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. The firm manages over $500 million in committed capital and invests in profitable healthcare companies with proven management teams. DW Healthcare Partners is currently seeking investment opportunities for its third fund which represents $265 million of committed capital. The firm is based in Park City, UT (www.dwhp.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-6-13
