Pamlico Capital Invests in Becker’s Healthcare
Pamlico Capital ("Pamlico") and the management team of Becker's Healthcare ("Becker's" or the "Company”) announced today that the Company has received a substantial investment from Pamlico. Founder Scott Becker, along with President and CEO Jessica Cole, will maintain significant ownership in Becker’s and Jessica will continue to lead the Company.
Headquartered in Chicago, Becker’s is an information and media platform that has established a thought leadership position in the “business of healthcare.” Becker’s serves more than 600 customers under four core brands targeting specific healthcare verticals – Hospitals, Ambulatory Surgery Centers, Spine/Orthopedics, and Infection Control & Clinical Quality. Within the core verticals, Becker’s has five industry conferences, eleven digital properties, and four magazines to engage healthcare industry leaders and key decision makers.
Jessica Cole noted, “Our team is proud of what we’ve accomplished by being incredibly customer-focused and is excited about accelerating our next phase of growth with Pamlico.” Scott Becker added, “We chose Pamlico because of their integrity, intelligence, and experience partnering with founder-owned businesses, their understanding of our business model and end market, and their track record of providing additional resources in support of their portfolio companies. The Becker’s platform has experienced tremendous growth over the last couple of years. We sought a partner to support our efforts to scale to the next level and are thrilled to be partnering with Pamlico.”
Pamlico Partner Scott Stevens commented, “The team’s customer-first culture has driven fantastic results. Our investment will allow Becker’s to further expand its offerings and collaboration with senior healthcare executives and decision makers.” Art Roselle, Partner at Pamlico, continued, “Pamlico seeks to invest in market-leaders with strong growth potential and great management teams. Becker’s fits that profile perfectly.”
Becker’s was represented by JEGI, a New York City-headquartered investment bank that specializes in the media, information, marketing, software and tech-enabled services sectors, and Patzik, Frank & Samotny Ltd. (legal advisor). Moore & Van Allen (legal) advised Pamlico.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of almost $3.5 billion. For additional information, please visit www.pamlicocapital.com.