Rigorously Vetted. Enthusiastically Supported.
Consistent with our theme of increasing specialization as a source of differentiated performance, Ampersand’s Healthcare portfolio has been focused around several overlapping industry clusters where our multiple prior successes give us a competitive edge. Most of our portfolio companies have revenues between $10 and $200 million at the time of Ampersand’s investment. We typically invest between $10 and $200 million and years of operational expertise to drive each investment toward success.
Aclara Biosciences
Location: Hayward, CA
Business: Microfluidic systems for diagnostics
Result: Acquired by LabCorp
Adaptas Solutions
Location: Palmer, MA and Sydney, Australia
Business: Contract manufacturer of mass spectrometry components
Result: Acquired by IMI plc
Agilux Laboratories
Location: Worcester, MA
Business: Bioanalytical services for drug discovery and development
Result: Acquired by Charles River Laboratories
Alcami
Location: Morrisville and Durham, NC
Business: High-Potency API Development & Manufacturing
Alexis
Location: San Diego, CA
Business: Reagents for life science researchers
Result: Acquired by Qbiogene
AnaBios Corporation
Location: San Diego, CA
Business: Leading preclinical CRO that focuses on translational research with unique capabilities to measure drug activity directly in human tissue
ANI Pharmaceuticals
Location: Baudette, MN
Business: Develops, manufactures, and markets branded and generic prescription pharmaceuticals
Arranta Bio
Location: Watertown, MA
Business: Microbiome CDMO
Result: Acquired by Recipharm
Assay Designs
Location: Ann Arbor, MI
Business: Detection kits for drug discovery
Result: Acquired by Enzo Biochem
Avista Pharma Solutions
Location: Durham, NC
Business: Contract development and manufacturing of small molecule drugs
Result: Acquired by Cambrex
Bako
Location: Alpharetta, GA
Business: Podiatric pathology
Result: Acquired by Consonance
BioClinica
Location: Newtown, PA
Business: Core Lab and eClinical Solutions for Clinical Trials
Result: Acquired by Cinven
BioEcho
Location: Cologne, Germany
Business: Manufacturer of nucleic acid purification solutions for molecular diagnostics and life sciences research
Biologos, LLC
Location: Glendale Heights, Illinois
Business: Full-service manufacturer of custom and standard cell culture media, reagents, buffers, enzymes, and sera
Biosynth Carbosynth
Location: St. Gallen, Switzerland
Business: Research Products and CDMO Services
Bioventus
Location: Durham, NC
Business: Orthopaedic biologics
Brammer Bio
Location: Lexington, MA and Alachua, FL
Business: Clinical and commercial contract development and manufacturing of complex biologics (gene and cell therapy)
Result: Acquired by Thermo Fisher
Canopy Biosciences
Location: St. Louis, MO and Leipzig, Germany
Business: Research tools for genetic engineering, molecular biology, and personalized medicine
Result: Acquired by Bruker
Cellero
Location: Memphis, TN and Seattle, WA
Business: Biological raw materials for cell-based therapeutics
Result: Acquired by Charlies River Laboratories
ChanTest
Location: Cleveland, OH
Business: Cardiac safety and drug discovery screening services
Result: Acquired by Charles River Laboratories, Inc.
Confluent Medical Technologies
Location: Fremont, CA
Business: Outsourced design and manufacturing services for the medical device industry
CoPharma
Location: Hopkington, MA
Business: Contract manufacturer of biopharmaceutical ingredients and purified bulk biologics
Result: Acquired by Cambrex
CoreLab Partners
Location: Princeton, NJ
Business: Clinical trial imaging and cardiac safety
Result: Merged with BioClinica (Nasdaq: BIOC)
Corpus Medical
Location: Campbell, CA
Business: Contract development and manufacturing of medical devices and delivery systems
Result: Acquired by Confluent
CRI Lifetree
Location: Philadelphia, PA
Business: Specialty clinical research organization
Result: Acquired by PRA
CutisPharma
Location: Wilmington, MA
Business: Unit-of-use prescription compounding kits
Result: Acquired by NovaQuest
Dynex Technologies
Location: Chantilly, VA
Business: Diagnostic instrument business
Result: Acquired by PE firm
Elite One Source Nutrisciences
Location: Missoula, MT
Business: Nutritional supplement and nutraceutical contract manufacturer Result: Acquired by DCC
ETE Medical
Location: Warwick, RI and Sunnyvale, CA
Business: Contract manufacturer of textile biomaterials and specialty plastic components for medical products
Result: Acquired by Confluent
Flagship Biosciences
Location: Broomfield, CO
Business: Leader in spatial biology and biomarker analytics services
GenDX
Location: Utrecht, The Netherlands
Business: In Vitro Diagnostic (IVD) tests, services, and analysis software
Result: Acquired by Eurobio Scientific
GENEWIZ
Location: South Plainfield, NJ and Suzhou, China
Business: Contract genomics services
Result: Acquired by Brooks Automation
Genezen
Location: Fishers, IN
Business: Contract viral vector production and testing services
Genoptix
Location: Carlsbad, CA
Business: Cancer diagnostics laboratory
Result: Acquired by NeoGenomics
Gyros Protein Technologies
Location: Tucson, AZ and Uppsala, Sweden
Business: Provider of sample prep, synthesis and bioanalytical tools for discovery, development and manufacturing of biotherapeutics
Result: Acquired by Mesa Labs
Innovative Food Processors
Location: Faribault, MN
Business: Custom powders for nutritional supplement and nutraceutical ingredient companies
Result: Acquired by Balchem
Interpace Diagnostics
Location: Parsippany, NJ
Business: Oncology-related molecular & biopharma laboratory services
iuvo BioScience
Location: Rochester, NY
Business: Specialty CRO
Julius Clinical Research
Location: Zeist, The Netherlands
Business: Academic clinical CRO specializing in end-to-end clinical trial services advancing new therapeutics
Kedrion Biopharma
Location: Lucca, Italy
Business: Leading bio pharmaceutical company that develops, manufactures and commercializes therapeutic products from blood plasma
LakePharma
Location: Belmont, CA and Worcester, MA
Business: Biologics Contract Research Organization providing services to the pharmaceutical and biotechnology markets
Result: Acquired by Curia (fka AMRI)
Leinco Technologies
Location: St. Louis, MO
Business: Manufactures research reagents, life science reagents, and provides custom R&D services
Magellan Diagnostics
Location: North Billerica, MA
Business: Point-of-care analyzer business
Result: Acquired by Meridian Bioscience
Magritek
Location: Wellington, NZ, Aachen, Germany & Philadelphia, PA
Business: Benchtop NMR instruments for life sciences & other industries
Meadowhawk Biolabs
Location: Marlborough, MA and Hayward, CA
Business: Bioanalytical CRO
MedPharm Ltd.
Location: Guildford, UK
Business: Contract formulation, development and manufacturing of topical and transdermal prescription pharmaceutical products
MedVenture Technology
Location: Jeffersonville, IN
Business: Outsourced developer and manufacturer of disposable medical devices
Result: Acquired by Helix Medical
NanoImaging Services
Location: San Diego, CA and Woburn, MA
Business: Provider of cryo-electron microscopy (“cryo-EM”) services to the pharmaceutical and biotechnology industries
Nexcelom Bioscience
Location: Lawrence, MA
Business: Manufacturer of automated cell counting and analysis instruments
Result: Acquired by PerkinElmer
Nexelis
Location: Quebec, Canada and Seattle, WA
Business: Clinical Immunology Services
Result: Acquired by Q2 Solutions (Subsidiary of IQVIA)
NOVEX
Location: San Diego, CA
Business: Electrophoresis systems
Result: Acquired by Invitrogen (Nasdaq: IVGN)
NuvinkaDx
Location: Salem, NH
Business: Manufacturer & distributor of high quality immunoassays
Ortho Organizers
Location: Carlsbad, CA
Business: Specialty dental products
Result: Acquired by Henry Schein Inc. (Nasdaq: HSIC)
P95
Location: Belgium
Business: Epidemiological and pharmacovigilance CRO
Panacos Pharmaceuticals
Location: Watertown, MA and Gaithersburg, MD
Business: Developer of antiviral drugs and vaccines
Result: Merged with Vitex (Nasdaq: VITX)
Phosphorex
Location: Hopkinton, MA
Business: Drug-delivery focused contract development and manufacturing organization
Precision Coating
Location: Bedford, MA
Business: Medical device coating and surface treatment solutions
ProtaGene
Location: Heilbronn & Heidelberg, Germany, Boston, MA
Business: Biopharmaceutical and cell and gene therapy CRO
Recipharm
Location: Stockholm, Sweden
Business: Leading contract development and manufacturing organization (CDMO)
Resolian
Location: Malvern, PA
Business: CRO specializing in Drug Metabolism and Pharmacokinetic (DMPK) studies and offers bioanalytical services for both small and large molecules
Roadrunner Pharmacy
Location: Phoenix, AZ
Business: Veterinary Pharmacy
Result: Acquired by Vets First Choice
Sanova Dermatology
Location: Austin, TX
Business: Dermatology practice management
Signature Genomic Laboratories
Location: Spokane, WA
Business: Molecular cytogenetics
Result: Acquired by PerkinElmer
Specac, Ltd
Location: Orpington, UK
Business: Designs and manufactures Fourier Transform Infrared (FTIR) accessories, Sample Preparation/XRF, Process Cells, IR polarisers products for atomic and molecular spectroscopy
StageBio
Location: Mount Jackson, Virginia and Mason, Ohio
Business: Histology, Pathology, & Archiving Services
Stereotaxis (Nasdaq: STXS)
Location: St. Louis, MO
Business: Magnetic-based microsurgical tools
Result: IPO
Syft Technologies
Location: Christchurch, New Zealand
Business: Manufacturer of Mass Spectrometer (SIFT-MS) solutions that detect gaseous chemicals
Talecris Biotherapeutics (Grifols, SA)
Location: Research Triangle Park, NC
Business: Pharmaceutical development and manufacturing
Result: Acquired by Grifols, S.A. (Nasdaq: GRFS)
Tjoapack
Location: Etten-Leur, The Netherlands
Business: Pharmaceutical contract packaging organization (CPO)
TriPath Imaging (Nasdaq: TPTH)
Location: Burlington, NC
Business: Cervical cancer screening systems
Result: AutoCyte IPO 1997. TriPath Merger 1999
Vantage MedTech
Location: Moonachie, NJ
Business: Custom electro-mechanical and software solutions for the medical device industry
Vernal Biosciences
Location: Colchester, VT
Business: Technology-leading mRNA manufacturer and formulator of LNP-mRNA
Vibalogics
Location: Cuxhaven, Germany
Business: Contract development and manufacturing organization focused on complex live biological products
Result: Acquired by Recipharm
Viracor-IBT Laboratories
Location: Lee's Summit, MO
Business: Molecular virology and immunology
Result: Acquired by Eurofins
vivitide
Location: Gardner, MA
Business: Custom peptide synthesis and antibody production
Result: Acquired by Biosynth Carbosynth
Aclara Biosciences
Location: Hayward, CA
Business: Microfluidic systems for diagnostics
Result: Acquired by LabCorpAdaptas Solutions
Location: Palmer, MA and Sydney, Australia
Business: Contract manufacturer of mass spectrometry components
Result: Acquired by IMI plcAgilux Laboratories
Location: Worcester, MA
Business: Bioanalytical services for drug discovery and development
Result: Acquired by Charles River LaboratoriesAlcami
Location: Morrisville and Durham, NC
Business: High-Potency API Development & ManufacturingAlexis
Location: San Diego, CA
Business: Reagents for life science researchers
Result: Acquired by QbiogeneAnaBios Corporation
Location: San Diego, CA
Business: Leading preclinical CRO that focuses on translational research with unique capabilities to measure drug activity directly in human tissueANI Pharmaceuticals
Location: Baudette, MN
Business: Develops, manufactures, and markets branded and generic prescription pharmaceuticalsArranta Bio
Location: Watertown, MA
Business: Microbiome CDMO
Result: Acquired by RecipharmAssay Designs
Location: Ann Arbor, MI
Business: Detection kits for drug discovery
Result: Acquired by Enzo BiochemAvista Pharma Solutions
Location: Durham, NC
Business: Contract development and manufacturing of small molecule drugs
Result: Acquired by CambrexBako
Location: Alpharetta, GA
Business: Podiatric pathology
Result: Acquired by ConsonanceBioClinica
Location: Newtown, PA
Business: Core Lab and eClinical Solutions for Clinical Trials
Result: Acquired by CinvenBioEcho
Location: Cologne, Germany
Business: Manufacturer of nucleic acid purification solutions for molecular diagnostics and life sciences researchBiologos, LLC
Location: Glendale Heights, Illinois
Business: Full-service manufacturer of custom and standard cell culture media, reagents, buffers, enzymes, and seraBiosynth Carbosynth
Location: St. Gallen, Switzerland
Business: Research Products and CDMO ServicesBioventus
Location: Durham, NC
Business: Orthopaedic biologicsBrammer Bio
Location: Lexington, MA and Alachua, FL
Business: Clinical and commercial contract development and manufacturing of complex biologics (gene and cell therapy)
Result: Acquired by Thermo Fisher
Canopy Biosciences
Location: St. Louis, MO and Leipzig, Germany
Business: Research tools for genetic engineering, molecular biology, and personalized medicine
Result: Acquired by BrukerCellero
Location: Memphis, TN and Seattle, WA
Business: Biological raw materials for cell-based therapeutics
Result: Acquired by Charlies River LaboratoriesChanTest
Location: Cleveland, OH
Business: Cardiac safety and drug discovery screening services
Result: Acquired by Charles River Laboratories, Inc.Confluent Medical Technologies
Location: Fremont, CA
Business: Outsourced design and manufacturing services for the medical device industryCoPharma
Location: Hopkington, MA
Business: Contract manufacturer of biopharmaceutical ingredients and purified bulk biologics
Result: Acquired by CambrexCoreLab Partners
Location: Princeton, NJ
Business: Clinical trial imaging and cardiac safety
Result: Merged with BioClinica (Nasdaq: BIOC)Corpus Medical
Location: Campbell, CA
Business: Contract development and manufacturing of medical devices and delivery systems
Result: Acquired by ConfluentCRI Lifetree
Location: Philadelphia, PA
Business: Specialty clinical research organization
Result: Acquired by PRACutisPharma
Location: Wilmington, MA
Business: Unit-of-use prescription compounding kits
Result: Acquired by NovaQuestDynex Technologies
Location: Chantilly, VA
Business: Diagnostic instrument business
Result: Acquired by PE firmElite One Source Nutrisciences
Location: Missoula, MT
Business: Nutritional supplement and nutraceutical contract manufacturer Result: Acquired by DCCETE Medical
Location: Warwick, RI and Sunnyvale, CA
Business: Contract manufacturer of textile biomaterials and specialty plastic components for medical products
Result: Acquired by ConfluentFlagship Biosciences
Location: Broomfield, CO
Business: Leader in spatial biology and biomarker analytics servicesGenDX
Location: Utrecht, The Netherlands
Business: In Vitro Diagnostic (IVD) tests, services, and analysis software
Result: Acquired by Eurobio ScientificGENEWIZ
Location: South Plainfield, NJ and Suzhou, China
Business: Contract genomics services
Result: Acquired by Brooks AutomationGenezen
Location: Fishers, IN
Business: Contract viral vector production and testing servicesGenoptix
Location: Carlsbad, CA
Business: Cancer diagnostics laboratory
Result: Acquired by NeoGenomicsGyros Protein Technologies
Location: Tucson, AZ and Uppsala, Sweden
Business: Provider of sample prep, synthesis and bioanalytical tools for discovery, development and manufacturing of biotherapeutics
Result: Acquired by Mesa LabsInnovative Food Processors
Location: Faribault, MN
Business: Custom powders for nutritional supplement and nutraceutical ingredient companies
Result: Acquired by BalchemInterpace Diagnostics
Location: Parsippany, NJ
Business: Oncology-related molecular & biopharma laboratory servicesiuvo BioScience
Location: Rochester, NY
Business: Specialty CROJulius Clinical Research
Location: Zeist, The Netherlands
Business: Academic clinical CRO specializing in end-to-end clinical trial services advancing new therapeuticsKedrion Biopharma
Location: Lucca, Italy
Business: Leading bio pharmaceutical company that develops, manufactures and commercializes therapeutic products from blood plasmaLakePharma
Location: Belmont, CA and Worcester, MA
Business: Biologics Contract Research Organization providing services to the pharmaceutical and biotechnology markets
Result: Acquired by Curia (fka AMRI)Leinco Technologies
Location: St. Louis, MO
Business: Manufactures research reagents, life science reagents, and provides custom R&D servicesMagellan Diagnostics
Location: North Billerica, MA
Business: Point-of-care analyzer business
Result: Acquired by Meridian BioscienceMagritek
Location: Wellington, NZ, Aachen, Germany & Philadelphia, PA
Business: Benchtop NMR instruments for life sciences & other industriesMeadowhawk Biolabs
Location: Marlborough, MA and Hayward, CA
Business: Bioanalytical CROMedPharm Ltd.
Location: Guildford, UK
Business: Contract formulation, development and manufacturing of topical and transdermal prescription pharmaceutical productsMedVenture Technology
Location: Jeffersonville, IN
Business: Outsourced developer and manufacturer of disposable medical devices
Result: Acquired by Helix MedicalNanoImaging Services
Location: San Diego, CA and Woburn, MA
Business: Provider of cryo-electron microscopy (“cryo-EM”) services to the pharmaceutical and biotechnology industriesNexcelom Bioscience
Location: Lawrence, MA
Business: Manufacturer of automated cell counting and analysis instruments
Result: Acquired by PerkinElmerNexelis
Location: Quebec, Canada and Seattle, WA
Business: Clinical Immunology Services
Result: Acquired by Q2 Solutions (Subsidiary of IQVIA)NOVEX
Location: San Diego, CA
Business: Electrophoresis systems
Result: Acquired by Invitrogen (Nasdaq: IVGN)NuvinkaDx
Location: Salem, NH
Business: Manufacturer & distributor of high quality immunoassaysOrtho Organizers
Location: Carlsbad, CA
Business: Specialty dental products
Result: Acquired by Henry Schein Inc. (Nasdaq: HSIC)P95
Location: Belgium
Business: Epidemiological and pharmacovigilance CROPanacos Pharmaceuticals
Location: Watertown, MA and Gaithersburg, MD
Business: Developer of antiviral drugs and vaccines
Result: Merged with Vitex (Nasdaq: VITX)Phosphorex
Location: Hopkinton, MA
Business: Drug-delivery focused contract development and manufacturing organizationPrecision Coating
Location: Bedford, MA
Business: Medical device coating and surface treatment solutionsProtaGene
Location: Heilbronn & Heidelberg, Germany, Boston, MA
Business: Biopharmaceutical and cell and gene therapy CRORecipharm
Location: Stockholm, Sweden
Business: Leading contract development and manufacturing organization (CDMO)Resolian
Location: Malvern, PA
Business: CRO specializing in Drug Metabolism and Pharmacokinetic (DMPK) studies and offers bioanalytical services for both small and large moleculesRoadrunner Pharmacy
Location: Phoenix, AZ
Business: Veterinary Pharmacy
Result: Acquired by Vets First ChoiceSanova Dermatology
Location: Austin, TX
Business: Dermatology practice managementSignature Genomic Laboratories
Location: Spokane, WA
Business: Molecular cytogenetics
Result: Acquired by PerkinElmerSpecac, Ltd
Location: Orpington, UK
Business: Designs and manufactures Fourier Transform Infrared (FTIR) accessories, Sample Preparation/XRF, Process Cells, IR polarisers products for atomic and molecular spectroscopyStageBio
Location: Mount Jackson, Virginia and Mason, Ohio
Business: Histology, Pathology, & Archiving ServicesStereotaxis (Nasdaq: STXS)
Location: St. Louis, MO
Business: Magnetic-based microsurgical tools
Result: IPOSyft Technologies
Location: Christchurch, New Zealand
Business: Manufacturer of Mass Spectrometer (SIFT-MS) solutions that detect gaseous chemicalsTalecris Biotherapeutics (Grifols, SA)
Location: Research Triangle Park, NC
Business: Pharmaceutical development and manufacturing
Result: Acquired by Grifols, S.A. (Nasdaq: GRFS)Tjoapack
Location: Etten-Leur, The Netherlands
Business: Pharmaceutical contract packaging organization (CPO)TriPath Imaging (Nasdaq: TPTH)
Location: Burlington, NC
Business: Cervical cancer screening systems
Result: AutoCyte IPO 1997. TriPath Merger 1999Vantage MedTech
Location: Moonachie, NJ
Business: Custom electro-mechanical and software solutions for the medical device industryVernal Biosciences
Location: Colchester, VT
Business: Technology-leading mRNA manufacturer and formulator of LNP-mRNAVibalogics
Location: Cuxhaven, Germany
Business: Contract development and manufacturing organization focused on complex live biological products
Result: Acquired by RecipharmViracor-IBT Laboratories
Location: Lee's Summit, MO
Business: Molecular virology and immunology
Result: Acquired by Eurofinsvivitide
Location: Gardner, MA
Business: Custom peptide synthesis and antibody production
Result: Acquired by Biosynth Carbosynth
*Includes all companies that fit within Ampersand’s current investment strategy which focuses on certain sectors of healthcare (see Investment Focus). A list with the names of all Ampersand fund portfolio companies is available to investors and potential investors upon request.