Enhanced Equity Fund

Enhanced Equity Fund, L.P. is a private equity firm founded in 2005 and based in New York, New York. The firm specializes in investing in small capitalization growth companies and lower-middle market firms, with a primary focus on the fragmented healthcare industry. Enhanced Equity Fund typically invests in private companies through growth equity, recapitalizations, and buyouts, targeting businesses that can achieve growth through both organic means and add-on acquisitions. The firm generally seeks to invest between $10 million and $50 million in companies with revenues under $100 million, and prefers to take substantial minority stakes or control positions in its portfolio companies. Its investment strategy emphasizes value creation via organizational development, organic growth, and acquisitions. Enhanced Equity Fund aims to exit its investments within a three to five-year timeframe.

Samarth Chandra

General Partner and Member of the Investment Committee

10 past transactions

NextCare

Debt Financing in 2018
NextCare operates urgent care facilities and on-site employer clinics across Arizona, Colorado, North Carolina, Ohio, Texas, and Virginia. It offers urgent care services for various general illnesses and emergencies, along with occupational medical services such as workers' compensation management, drug screens, physical exams, lab tests, digital X-ray, vision screening, immunizations, and pre-employment exams.

Priority Ambulance

Private Equity Round in 2017
Priority Ambulance is a provider of ambulance and medical transport services, dedicated to addressing the evolving needs of patients, hospitals, communities, and insurers. The company specializes in ambulance transportation, comprehensive prehospital care, air ambulance services, medical billing, and special event medical services. With a focus on safety and efficiency, Priority Ambulance ensures the prompt and professional transportation of patients requiring healthcare assistance.

West Dermatology

Private Equity Round in 2014
Founded in 1962, West Dermatology is a leading provider of comprehensive dermatological services. Staffed by board-certified dermatologists, the company offers a wide range of clinical and cosmetic treatments, tailored to patients' unique needs.

NextCare

Debt Financing in 2014
NextCare operates urgent care facilities and on-site employer clinics across Arizona, Colorado, North Carolina, Ohio, Texas, and Virginia. It offers urgent care services for various general illnesses and emergencies, along with occupational medical services such as workers' compensation management, drug screens, physical exams, lab tests, digital X-ray, vision screening, immunizations, and pre-employment exams.

Prospira PainCare

Venture Round in 2013
Prospira PainCare, Inc. is a leading provider of comprehensive pain management services, operating a network of pain management physicians and rehabilitation specialists across several states, including California, Florida, Georgia, Michigan, New Jersey, and Pennsylvania. The company addresses a wide range of pain conditions, such as arthritis, back pain, cancer pain, neuropathy, fibromyalgia, and more. Prospira employs a holistic interdisciplinary approach, offering not only interventional treatments but also functional restoration programs and lifestyle-oriented therapies aimed at improving patients' quality of life. Incorporated in 2012 and based in Roswell, Georgia, Prospira PainCare is committed to delivering individualized treatment regimens that enhance patient outcomes and contribute positively to the healthcare system.

MedTest DX

Private Equity Round in 2011
MedTest DX, Inc. is a medical diagnostic company based in Canton, Michigan, specializing in the sale of chemistry instruments and reagents. Founded in 2011, the company serves physician offices, hospitals, reference laboratories, and research facilities, distributing its products both directly and through various channels across the United States. MedTest DX's product lineup includes the SPOTCHEM EZ, a compact benchtop dry chemistry analyzer capable of performing single and panel diagnostic tests with results available in 8-15 minutes. The company also offers the Poly-Chem 90 and 180 chemistry analyzers, which are countertop instruments designed to conduct chemistry tests and feature an integrated electrolyte module alongside data management capabilities. MedTest DX provides over 70 FDA-cleared reagents and offers instrument services to support its product range.

Aphena Pharma Solutions

Acquisition in 2011
Aphena specializes in pharmaceutical packaging and manufacturing solutions, catering to a diverse range of sectors, including pharmaceuticals, over-the-counter products, dietary supplements, animal health, consumer health, and medical devices. Established in 2002 and headquartered in Cookeville, Tennessee, Aphena Pharma Solutions is a collective of companies that deliver comprehensive services, including contract packaging, repackaging, and manufacturing. The company emphasizes solution-driven engineering and customer-centric project management, offering critical services such as quality assurance, cold chain storage, and supply chain management. By ensuring efficient intermediate fulfillment, Aphena supports product launches and helps clients navigate the complexities of the pharmaceutical landscape.

Management Health Solutions

Series B in 2010
Management Health Solutions, Inc. (MHS) is a prominent provider of integrated inventory management solutions tailored for hospitals and healthcare systems in North America. Established in 1999 and headquartered in Fairfield, Connecticut, MHS focuses on reducing clinical supply inventory costs while streamlining supply chain operations. The company enhances patient safety and financial performance through a combination of professional services, content solutions, benchmarks, advanced technology, and mobile device management. By implementing its solutions, MHS helps healthcare organizations achieve measurable returns on investment, ultimately contributing to more efficient and effective clinical supply management.

Layered Technologies

Venture Round in 2008
Layered Technologies is a global provider of managed dedicated hosting, on-demand virtualization, and web services. The company specializes in high-quality technology and infrastructure that allows clients to reduce capital and operating costs while concentrating on their core business activities. Layered Technologies' scalable infrastructure supports millions of websites and internet-enabled applications, including e-commerce and software as a service (SaaS). Its offerings include gaming servers, enterprise-level servers, and unmetered bandwidth servers. The company's diverse clientele ranges from innovative startups to mid-sized enterprises and large consultancy firms. Layered Technologies was acquired by Datapipe in August 2014.

Movero

Venture Round in 2006
Movero, Inc., formerly known as Integrated Mobile, Inc., specializes in managed mobility solutions and services for enterprises seeking to optimize their mobile information technology environments. Founded in 2004 and based in Columbus, Ohio, the company offers comprehensive end-to-end management of the wireless lifecycle, encompassing device fulfillment, configuration, training, asset management, bill optimization, reporting, and 24/7 end-user support. Movero's suite of products includes iWIN for provisioning and fulfillment management, iManage for wireless asset and telecom expense management, iCare for bilingual administrative and technical support, and iBill for wireless billing solutions. Additionally, Movero provides professional services to facilitate mobile technology adoption, including mobile policy development, carrier migrations, and sourcing assistance. Through its solutions, Movero enables enterprises to streamline mobility-related processes, enhance user experience, and reduce overall costs.
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