New Tampa Firm to Fund Distressed Healthcare Companies

I don't know the distressed PE business, but more risk capital for area entrepreneurs is better than less. HealthEdge Investment Partners, LLC claims $20M closed and more to come.

"Dingle and Anderson said the firm will make investments of $5 million to $10 million in existing companies that have revenue of $10 million to $100 million. They are looking for companies that are struggling but not failing."We're not doing start-ups," Dingle said. "We're not rolling the dice on those."The HealthEdge plan is to acquire control or significant minority ownership in three or four companies, both public and private, each year. The partners will help management get rid of debt and unprofitable business, improve administration, then sell and move on to other candidates."

Source: TBO.com

Welcome to the neighborhood!