RoundTable Healthcare Partners
RoundTable Healthcare Partners is an operating-oriented private equity firm founded in 2001, exclusively focused on the healthcare industry. With $4.25 billion in committed capital across six equity funds and three debt funds, the firm partners with management teams of healthcare companies generating $25–300 million in revenue.
- Company typePrivate
- Founded2001
- HeadquartersLake Forest, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What RoundTable Healthcare Partners does
RoundTable Healthcare Partners is an operating-oriented private equity firm founded in 2001 and headquartered in Lake Forest, Illinois, focused exclusively on the healthcare industry. The firm has raised $4.25 billion in committed capital across six equity funds totaling $3.65 billion and three subordinated debt funds totaling $600 million, with Fund VI closing at $800 million. RoundTable targets established, profitable healthcare companies with revenues between $25 million and $300 million, making controlling equity investments of approximately $5 to $50 million. The firm generates revenue through annual management fees on committed capital under management and through carried interest on successful portfolio exits.
The firm operates across five core healthcare segments: medical products (devices and disposables), medication delivery systems, specialty pharmaceuticals, specialty distribution, and complementary outsourced services. Notable portfolio companies have spanned consumer healthcare (Colorescience in premium skincare and sun protection, Designs for Health in nutritional supplements), pharmaceutical services (Renaissance Lakewood as a CDMO specializing in nasal and injectable products), specialty pharma (CorePharma, Bioniche, Sabex), and medical devices (Argon Medical Devices, American Medical Instruments Holdings, Excelsior Medical). The firm's go-to-market motion is enterprise field sales through direct industry relationships, and it sells portfolio outputs via multiple channels including professional, direct-to-consumer, e-commerce, and healthcare-practitioner channels.
RoundTable differentiates through deep operating expertise rather than financial engineering, with founding partners and senior team drawing on decades of senior leadership experience at Cardinal Health, Allegiance Corporation, Baxter International, and Credit Suisse First Boston's healthcare investment banking group. The firm provides strategic direction, operational improvements, capital structure optimization, and acquisition execution support to portfolio companies, with a track record including the $565 million sale of Sabex to Sandoz (2004) and the $785 million sale of American Medical Instruments Holdings to Angiotech (2006), which delivered returns in excess of seven times invested equity capital. The firm partners with owner-founders, family companies, management teams, entrepreneurs, and corporate partners seeking both capital and operating resources.
RoundTable Healthcare Partners firmographics
Firmographics- Name
- RoundTable Healthcare Partners
- Legal name
- RoundTable Healthcare Partners
- Website
- http://www.roundtablehp.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- RoundTable Healthcare Partners is an operating-oriented private equity firm founded in 2001, exclusively focused on the healthcare industry. With $4.25 billion in committed capital across six equity funds and three debt funds, the firm partners with management teams of healthcare companies generating $25–300 million in revenue.
- Ownership category
- akta.pro rank
Where RoundTable Healthcare Partners is headquartered
LocationHeadquarters
- HQ city
- Lake Forest
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RoundTable Healthcare Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management: RoundTable generates revenue through managing private equity funds. The firm has raised $4.25 billion in committed capital across six equity funds totaling $3.65 billion and three subordinated debt funds totaling $600 million.
- Carried Interest / Portfolio Returns: The firm earns carried interest from successful portfolio company exits and realizations. Notable exits include Sabex sold to Sandoz for $565 million and American Medical Instruments Holdings sold to Angiotech for $785 million.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Fund management fees (not publicly disclosed) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
RoundTable Healthcare Partners product offering
Product offeringCore offering
RoundTable Healthcare Partners is an operating-oriented private equity firm that raises and manages healthcare-focused equity and subordinated debt funds, making controlling equity investments of approximately $5 to $50 million in established, profitable healthcare companies with $25 to $300 million in revenue. The firm partners with owner-founders, family companies, management teams, and corporate partners across medical products, medication delivery systems, specialty pharmaceuticals, specialty distribution, and complementary outsourced services, providing strategic direction, operational expertise, industry relationships, and transaction execution support.
Product overview
RoundTable Healthcare Partners is an operating-oriented private equity firm focused exclusively on the healthcare industry. The firm creates value by partnering with healthcare companies through six equity funds (totaling $3.65 billion) and three subordinated debt funds (totaling $600 million), collectively raising $4.25 billion in committed capital. The firm's portfolio includes consumer healthcare brands such as Designs for Health (nutritional supplements) and Colorescience (premium skincare and sun protection), as well as CDMO companies like Renaissance Lakewood (nasal and injectable pharmaceuticals). RoundTable focuses on established, profitable healthcare companies in medical products, medication delivery systems, specialty pharmaceuticals, specialty distribution, and complementary outsourced services.
Differentiator
Problem solved
Functional benefit
Products and services
- RoundTable Equity Fund VI
- RoundTable Subordinated Debt Funds (Capital Fund series)
- RoundTable Equity Funds I through V
Quantifiable outcome
- Return in excess of 7x invested equity capital from AMIH sale to Angiotech for $785 million
- +1 more outcomes
Companies that use RoundTable Healthcare Partners
Customer profileNamed customers6 records
Segments2 records
Ideal customer profiles2 records
RoundTable Healthcare Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
RoundTable Healthcare Partners partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- ColoresciencecoreRoundTable Healthcare Partners acquired Colorescience, a premium skincare and sun protection brand, from shareholders led by 1315 Capital. The transaction represents RoundTable's third platform investment from its $800 million Equity Fund VI and its ninth consumer healthcare platform investment. The partnership aims to support Colorescience's next phase of innovation and growth by leveraging RoundTable's operating resources and channel expertise.
- Raymond JamesminorRaymond James acted as financial advisor to Colorescience in the transaction.
- Greenberg Traurig, LLPminorGreenberg Traurig, LLP served as legal counsel to Colorescience in the transaction.
- Designs for HealthcoreRoundTable Healthcare Partners completed the sale of its minority stake in Designs for Health back to the company. In conjunction with this transaction, DFH announced a new minority investment from BDT & MSD Partners. RoundTable had acquired an interest in Designs for Health in September 2020 and supported key investments in leadership team, operations, and commercial initiatives.
- Sidley Austin LLPminorSidley Austin LLP served as legal counsel to RoundTable in the sale of its stake in Designs for Health.
- Lowenstein Sandler LLPminorLowenstein Sandler LLP served as legal counsel to Designs for Health in the transaction.
- Davis Polk & Wardwell LLPminorDavis Polk & Wardwell LLP served as legal counsel to BDT & MSD Partners in the Designs for Health transaction.
- Wellvest Capital, LLCminorWellvest Capital, LLC served as financial advisor to the Lizotte family and to Designs for Health.
- Perella Weinberg Partners LPminorPerella Weinberg Partners LP served as financial advisor to Designs for Health.
- Canaccord Genuity LLCminorCanaccord Genuity LLC served as financial advisor to Designs for Health.
- Renaissance LakewoodcoreRoundTable Healthcare Partners portfolio company Renaissance Lakewood entered into a definitive agreement to be acquired by LTS LOHMANN Therapie-Systeme AG. Renaissance was founded by RoundTable through the acquisition of two leading CDMOs, Confab Laboratories in 2010 and DPT Laboratories in 2012. The transaction was expected to close in November 2025.
- LTS LOHMANN Therapie-Systeme AGminorLTS LOHMANN Therapie-Systeme AG, a pharmaceutical technology company based in Andernach, Germany, acquired Renaissance Lakewood from RoundTable's portfolio. LTS develops and manufactures innovative drug delivery systems.
- Sidley Austin LLPminorSidley Austin LLP acted as exclusive legal advisor to Renaissance and RoundTable in the sale transaction to LTS.
Scale indicators7 records
Recent moves11 records
Expansion highlights5 records
RoundTable Healthcare Partners competitors and assessment
Company assessmentDirect peers
- Avista Capital Partners: Healthcare-focused middle-market PE firm headquartered in New York that invests in pharma, medical devices, and healthcare services—directly comparable to RoundTable's sub-sector focus and check size.
- Linden Capital Partners: Chicago-based healthcare-dedicated PE firm investing in middle-market healthcare companies across services, products, and distribution—comparable operating-oriented model and mid-market healthcare mandate.
- Audax Group: Middle-market PE firm with active healthcare practice across medical devices, pharma services, and distribution—comparable target company profile and equity check range to RoundTable.
- Arsenal Capital Partners: Specialty industrials and healthcare PE firm investing in lower middle-market companies—including medical products and healthcare services—comparable check size and operating model.
- GTCR: Chicago-based PE firm with deep healthcare franchise and Leaders Strategy approach to building platforms through CEO partnerships—comparable operating-oriented mid-market healthcare investing model.
- Ampersand Capital Partners: Boston-based PE firm focused exclusively on healthcare and life sciences, investing in pharma services, diagnostics, and medical devices—directly overlapping with RoundTable's sub-sector coverage.
Broad incumbents
- TPG Capital Healthcare: TPG's healthcare-focused strategy spanning provider services, pharma, and devices—same vertical focus as RoundTable with broader platform and global reach.
- Bain Capital Healthcare: Dedicated healthcare investing arm of Bain Capital covering services, biopharma, and devices at scale—same healthcare thesis as RoundTable but at materially larger deal sizes.
- Apollo Global Management Healthcare: Mega-fund with dedicated healthcare franchise covering services, pharma, and devices—overlaps with RoundTable's thesis at the upper end of deal sizes.
- Welsh, Carson, Anderson & Stowe: Established healthcare-focused PE firm with one of the largest dedicated healthcare practices—same sector focus as RoundTable but materially larger AUM and broader fund sizes.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
RoundTable Healthcare Partners social profiles
Digital presenceRoundTable Healthcare Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
RoundTable Healthcare Partners leadership team
Management profileNumber of profiles
Profiles11 records
RoundTable Healthcare Partners subsidiaries and ownership
Company hierarchySubsidiaries12 records
RoundTable Healthcare Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RoundTable Healthcare Partners M&A and investment
M&A and investmentM&A7 records
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RoundTable Healthcare Partners
What does RoundTable Healthcare Partners do?
RoundTable Healthcare Partners is an operating-oriented private equity firm that raises and manages healthcare-focused equity and subordinated debt funds, making controlling equity investments of approximately $5 to $50 million in established, profitable healthcare companies with $25 to $300 million in revenue. The firm partners with owner-founders, family companies, management teams, and corporate partners across medical products, medication delivery systems, specialty pharmaceuticals, specialty distribution, and complementary outsourced services, providing strategic direction, operational expertise, industry relationships, and transaction execution support.
Is RoundTable Healthcare Partners a public or private company?
RoundTable Healthcare Partners is a private company. It is classified as private equity controlled and is currently operating.
When was RoundTable Healthcare Partners founded?
RoundTable Healthcare Partners was founded in 2001. It employs 11 to 50 people.
Where is RoundTable Healthcare Partners based?
RoundTable Healthcare Partners is headquartered in Lake Forest, United States, in the North America region.
How does RoundTable Healthcare Partners make money?
Two revenue lines are on record. Fund Management is the primary driver. The others are carried Interest / Portfolio Returns.
Who are RoundTable Healthcare Partners's main competitors?
Direct peers on record are Avista Capital Partners, Linden Capital Partners, Audax Group, Arsenal Capital Partners, GTCR and Ampersand Capital Partners. Broad incumbents are TPG Capital Healthcare, Bain Capital Healthcare, Apollo Global Management Healthcare and Welsh, Carson, Anderson & Stowe.
Does RoundTable Healthcare Partners have an API?
No public API is recorded for RoundTable Healthcare Partners.