Partners Group bought medical-apparel company Careismatic Brands, Inc. for about $1.3 billion including debt, in the private equity firm’s latest health-care deal.
The Swiss company purchased Careismatic from private equity firm New Mountain Capital, according to a statement Thursday that didn’t disclose terms of the transaction. Partners Group plans to bolster Careismatic’s growth by introducing new products and digitizing sales and marketing.
Partners Group, with more than $96 billion in assets, has been pursuing deals in niche segments of the health-care industry. Recent acquisitions include vision-services provider EyeCare Partners and Wedgewood Pharmacy.