Sponsor: Great Hill partners
Target: SterilMed Holdings Inc.
Price: Undisclosed
Seller: SterilMed Holdings Inc.
If the deal proceeds, Boston-based Great Hill would make the investment out of
There has been a growing drumbeat among health care professionals and environmentalists to reduce the amount of waste produced by the health care industry, which disposes of more than 4 billion pounds of waste annually in landfills and commercial incinerators, according to data cited in a March 2010 article in the journal Academic Medicine.
Buyout shops have been eager to buy companies that help trim cost and waste, and the recycling of equipment has become a growing niche. In December 2009,
It’s unclear how much equity Great Hill is investing. The firm typically cuts equity checks of $50 million to $150 million per transaction, which can include late-stage investments, minority investments, private investments in public equities (PIPEs), and buyouts. Along with health care, sectors of interest to Great Hill include business, financial, and consumer services, as well as media and communications. The firm closed its third fund at $750 million in March 2006.