Advantage Capital Partners
Advantage Capital Partners is a United States‑based venture capital firm that provides growth equity, debt, and mezzanine financing to small and mid‑market companies, with a focus on underserved communities and state and local economic development. The firm invests across sectors including manufacturing, technology, business services, life sciences, and energy, and also supports real estate development projects with equity and debt. It typically makes initial investments ranging roughly from half a million to ten million in companies with modest sales, and may participate in larger follow‑on rounds or co‑invest with other firms. It uses senior debt, mezzanine debt, subordinated loans, and government‑guaranteed lending, and often pursues equity positions through preferred shares or convertible notes. Advantage Capital operates nationwide in the United States, with roots in New Orleans and offices in multiple states, and has backed thousands of jobs and housing projects as part of its mission to expand inclusive economic growth.
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Past deals in Hospital
Westport Linen Services
Debt Financing in 2021
Westport Linen Services is a Baton Rouge-based provider of healthcare linen and laundry services, servicing hospitals, ambulatory surgery centers, physician practices, and long-term care facilities. The company offers rental linen programs and a range of medical garments and textiles, including patient gowns, bed sheets, bath towels, wash cloths, scrubs, coats, lab coats, and embroidered or logo items, as well as mats and other supply items. It supports facilities with direct purchase options in some cases. By supplying linen, uniforms, and related products, Westport Linen Services helps healthcare organizations avoid capital investments in equipment and reduce linen inventory management and staffing burdens, while contributing to a professional image and potentially improving patient satisfaction.
Westport Linen Services
Debt Financing in 2020
Westport Linen Services is a Baton Rouge-based provider of healthcare linen and laundry services, servicing hospitals, ambulatory surgery centers, physician practices, and long-term care facilities. The company offers rental linen programs and a range of medical garments and textiles, including patient gowns, bed sheets, bath towels, wash cloths, scrubs, coats, lab coats, and embroidered or logo items, as well as mats and other supply items. It supports facilities with direct purchase options in some cases. By supplying linen, uniforms, and related products, Westport Linen Services helps healthcare organizations avoid capital investments in equipment and reduce linen inventory management and staffing burdens, while contributing to a professional image and potentially improving patient satisfaction.
RXQ Compounding
Series A in 2020
RXQ Compounding, LLC is a manufacturer and distributor of sterile and non-sterile medications based in Athens, Ohio. Founded in 2014, the company operates as an FDA approved 503B Outsourcing Facility and offers a diverse range of products, including injectable medications, veterinary treatments, dermatologic creams, ophthalmic solutions, orthopedic steroids, and custom compounding services for hospitals. RXQ Compounding emphasizes safety and quality by adhering to stringent procedural standards, ensuring that its products meet regulatory requirements. The company markets its offerings online, aiming to provide healthcare providers with reliable access to compounded drugs and minimize delivery times for optimal patient outcomes. Through its partnership with the Ohio University Innovation Center, RXQ Compounding seeks to become a leader in the evolving landscape of pharmaceutical manufacturing.
RXQ Compounding
Series A in 2019
RXQ Compounding, LLC is a manufacturer and distributor of sterile and non-sterile medications based in Athens, Ohio. Founded in 2014, the company operates as an FDA approved 503B Outsourcing Facility and offers a diverse range of products, including injectable medications, veterinary treatments, dermatologic creams, ophthalmic solutions, orthopedic steroids, and custom compounding services for hospitals. RXQ Compounding emphasizes safety and quality by adhering to stringent procedural standards, ensuring that its products meet regulatory requirements. The company markets its offerings online, aiming to provide healthcare providers with reliable access to compounded drugs and minimize delivery times for optimal patient outcomes. Through its partnership with the Ohio University Innovation Center, RXQ Compounding seeks to become a leader in the evolving landscape of pharmaceutical manufacturing.
RXQ Compounding
Venture Round in 2018
RXQ Compounding, LLC is a manufacturer and distributor of sterile and non-sterile medications based in Athens, Ohio. Founded in 2014, the company operates as an FDA approved 503B Outsourcing Facility and offers a diverse range of products, including injectable medications, veterinary treatments, dermatologic creams, ophthalmic solutions, orthopedic steroids, and custom compounding services for hospitals. RXQ Compounding emphasizes safety and quality by adhering to stringent procedural standards, ensuring that its products meet regulatory requirements. The company markets its offerings online, aiming to provide healthcare providers with reliable access to compounded drugs and minimize delivery times for optimal patient outcomes. Through its partnership with the Ohio University Innovation Center, RXQ Compounding seeks to become a leader in the evolving landscape of pharmaceutical manufacturing.
RXQ Compounding
Series A in 2018
RXQ Compounding, LLC is a manufacturer and distributor of sterile and non-sterile medications based in Athens, Ohio. Founded in 2014, the company operates as an FDA approved 503B Outsourcing Facility and offers a diverse range of products, including injectable medications, veterinary treatments, dermatologic creams, ophthalmic solutions, orthopedic steroids, and custom compounding services for hospitals. RXQ Compounding emphasizes safety and quality by adhering to stringent procedural standards, ensuring that its products meet regulatory requirements. The company markets its offerings online, aiming to provide healthcare providers with reliable access to compounded drugs and minimize delivery times for optimal patient outcomes. Through its partnership with the Ohio University Innovation Center, RXQ Compounding seeks to become a leader in the evolving landscape of pharmaceutical manufacturing.
Ashlar Holdings
Debt Financing in 2015
Ashlar Medical, LLC specializes in the development and manufacturing of medical products aimed at diagnosing and treating urinary conditions. The company offers a range of products, including rediCADDY, a bladder pressure measurement device; rediFLOW, a flow meter for assessing bladder fluid dynamics; and rediFILL, an infusion pump for bladder studies. Additionally, Ashlar Medical provides various catheters and related sets for diagnostic procedures, along with software for patient scheduling and exam reporting. The company caters to healthcare professionals and patients through a network of distributors both in the United States and internationally. Founded in 2006, Ashlar Medical is headquartered in Natchitoches, Louisiana.
Ashlar Holdings
Debt Financing in 2014
Ashlar Medical, LLC specializes in the development and manufacturing of medical products aimed at diagnosing and treating urinary conditions. The company offers a range of products, including rediCADDY, a bladder pressure measurement device; rediFLOW, a flow meter for assessing bladder fluid dynamics; and rediFILL, an infusion pump for bladder studies. Additionally, Ashlar Medical provides various catheters and related sets for diagnostic procedures, along with software for patient scheduling and exam reporting. The company caters to healthcare professionals and patients through a network of distributors both in the United States and internationally. Founded in 2006, Ashlar Medical is headquartered in Natchitoches, Louisiana.
Precipio Diagnostics
Series B in 2013
Precipio Diagnostics is a cancer diagnostics company based in New Haven, Connecticut, specializing in clinical diagnostic services for hematopoietic cancers. The company offers advanced diagnostic products, including the HemeScreen panel for genetic mutation testing and the IV-Cell media, which enhances the accuracy of laboratory results. Precipio serves a diverse clientele, including oncologists, hospitals, reference laboratories, and pharmaceutical companies. In its commitment to improving cancer care, the company collaborates with prominent academic institutions such as the Yale School of Medicine and Dana-Farber Cancer Institute, fostering connections between physicians and leading pathologists. With laboratories in New Haven and Omaha, Precipio aims to reduce instances of cancer misdiagnoses and provide essential diagnostics to oncologists across the United States.
3DR Labs
Venture Round in 2012
3DR Labs, established in 2004 and based in Louisville, Kentucky, specializes in outsourced 3D radiology reconstruction services for teleradiology firms and diagnostic imaging facilities across the United States. The company offers 24/7 access to highly trained technologists who provide efficient and high-quality 3D medical image post-processing and reconstruction services. This enables hospitals and imaging centers to outsource their multi-slice CT and MRI image data processing, receiving reconstructed 3D images within hours, or even minutes in emergency cases. Additionally, 3DR Labs offers an online curriculum for training in volumetric imaging. As of 2019, the company operates as a subsidiary of Accumen Inc.
3DR Labs
Series A in 2012
3DR Labs, established in 2004 and based in Louisville, Kentucky, specializes in outsourced 3D radiology reconstruction services for teleradiology firms and diagnostic imaging facilities across the United States. The company offers 24/7 access to highly trained technologists who provide efficient and high-quality 3D medical image post-processing and reconstruction services. This enables hospitals and imaging centers to outsource their multi-slice CT and MRI image data processing, receiving reconstructed 3D images within hours, or even minutes in emergency cases. Additionally, 3DR Labs offers an online curriculum for training in volumetric imaging. As of 2019, the company operates as a subsidiary of Accumen Inc.
3DR Labs
Debt Financing in 2012
3DR Labs, established in 2004 and based in Louisville, Kentucky, specializes in outsourced 3D radiology reconstruction services for teleradiology firms and diagnostic imaging facilities across the United States. The company offers 24/7 access to highly trained technologists who provide efficient and high-quality 3D medical image post-processing and reconstruction services. This enables hospitals and imaging centers to outsource their multi-slice CT and MRI image data processing, receiving reconstructed 3D images within hours, or even minutes in emergency cases. Additionally, 3DR Labs offers an online curriculum for training in volumetric imaging. As of 2019, the company operates as a subsidiary of Accumen Inc.
Healthcare Plus Supplies
Debt Financing in 2010
Healthcare Plus Supplies is a medical equipment supplier that provides products and services to local hospices and their patients. It supplies respiratory equipment, semi-electric hospital beds, oxygen concentrators, over-bed tables, wheelchairs, nebulizers, and other medical items. The company was established in 2009.
Morehouse Parish Hospital Service District 1
Debt Financing in 2008
Morehouse Parish Hospital Service District 1 is a healthcare-focused medical group. Morehouse Parish Hospital Service District 1 is based in Los Angeles, California.
HospiScript Services
Debt Financing in 2005
HospiScript Services provides pharmacy medication therapy management services to the hospice industry.
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