Levine Leichtman Capital Partners has acquired healthcare mobile workstation manufacturer Capsa Healthcare. The deal is the first out of the PE firm's sixth fund. FInancial terms were not disclosed.
Capsa, located in Portland, Oregon, makes mobile workstations and automated medication dispensing systems. The target serves healthcare facilities, senior care centers and pharmacies. Capsa CEO Andrew Sherrill says the investment from Levine Leichtman "will be critical to the continued growth of the company." Kirkland & Ellis represented Levin Leichtman, which received financing from Madison Capital, Midcap Financial and NewStar Financial. Harris Williams & Co. advised Capsa.