High Road Capital Partners’ fifth acquisition has the firm acquiring Advanced Sleep Medicine Services, a Los Angeles-based treatment center that looks to treat apnea, among other disorders.

The deal was being considered long before the White House completed its push of ambitious agenda to reform healthcare, said Bob Fitzsimmons, managing partner with High Road. However, he added, “health care reform will really spur deals” and “will support continued spending in the space.”

The Advanced Sleep deal closed on May 21, with financing from Fifth Third Bank. Terms of the deal were not disclosed. Right now, Fitzsimmons said, Advanced Sleep Medicine is only looking at expansion in the state of California. 

High Road partner William Hobbs and vice president Adi Blum also worked on the deal.

High Road was formed in 2007 by a handful of Riverside Company vets, and currently manages over $150 million through its debut fund.

Other High Road investments include its stake in Milwaukee Gear Company and All Current Electrical and Canadian companies Accentus, a medical transcription outsourcer, and Celco Controls, a maker of automation control systems.

Increasingly, private equity has sought to find ways into the healthcare space. Earlier this month, Providence Equity Partners took Virtual Radiologic private through a $294 million deal. Additionally, a week prior, Summit Partners made a minority-stake play to invest in Ob/Gyn services company OB Hospitalist Group. A SEC filing revealed the investment was valued at $17.4 million. Thomas H. Lee Partners, the Boston private-equity firm, announced it would buy inVentiv Health Inc. for $1.1 billion, while Cerberus Capital Management agreed to take over Caritas Christi Health Care.