Vital Care Receives Strategic Investment From Berkshire Partners, Leonard Green & Partners, and Linden Capital Partners

Partnership Will Offer Growth Opportunities for Leading Network of Infusion Pharmacy Franchisees

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Vital Care, a leading franchisor of infusion therapy pharmacies, announced today that it has closed a strategic investment from Berkshire Partners (“Berkshire”) and Leonard Green & Partners (“LGP”). Financial terms of the private transaction were not disclosed. Linden Capital Partners (“Linden”), which invested in Vital Care in 2020, remains an ongoing investor in the Company alongside management and the Bell family.

Founded in 1986, Vital Care is dedicated to providing high-quality, safe, convenient, and cost-effective infusion therapy services for chronic and acute patients across all of its locations. Vital Care provides a range of infused and injectable specialty therapies and has more than 160 infusion pharmacy locations across 35 states.

“We are thrilled to welcome our new partners at Berkshire and LGP,” said Steve Foreman, CEO and President of Vital Care. “Along with our existing partners at Linden, we are excited to enhance our focus on patient care by elevating the resources and capabilities of franchisees across the country, helping them reinvest in their local markets and workforces while empowering franchisee expansion. Berkshire, LGP, and Linden fully support Vital Care’s mission of expanding access to high-quality infusion therapy and helping drive the best patient outcomes possible.”

“Throughout our discussions with the Vital Care leadership team, their commitment and sincere passion for providing patients with industry-leading infusion treatment fully resonated with us, and we are thrilled to begin our partnership alongside LGP and Linden,” said Ben Levy, Managing Director of Berkshire Partners. “Together, we will seek to unlock additional growth opportunities for Vital Care and provide the necessary resources to ensure that patient care remains the top priority across current and future locations.”

“We are excited to begin collaborating with Vital Care on key operational enhancements and the expansion of its exceptional service offerings,” said Mike Greenman, Partner of LGP. “We are confident in our conviction that our joint investment will improve patient access of infusion services across the U.S., through Vital Care’s locally owned and operated franchise network.”

“We are proud of the strong growth achieved by Vital Care and look forward to continuing to support the Vital Care team,” said Piyush Shukla, Partner of Linden. “We are excited to partner with Berkshire and LGP and believe our combined resources and experience will help drive continued success going forward.”

About Berkshire Partners
Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in private and public equity. The firm’s private equity team invests in well-positioned, growing companies across technology & communications, consumer, healthcare, and services & industrials. Since inception, Berkshire Partners has made more than 150 private equity investments and has a strong history of collaborating with management teams to grow the companies in which it invests. The firm's public equity group, Stockbridge, founded in 2007, manages a concentrated portfolio seeking attractive long-term investments. For additional information, visit www.berkshirepartners.com.

About LGP
Leonard Green & Partners, L.P. (“LGP”) is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $75 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare, and business services, as well as distribution and industrials. For more information, please visit www.leonardgreen.com.

About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is one of the country’s largest dedicated healthcare private equity firms. Linden’s strategy is based upon three elements: (i) healthcare specialization, (ii) integrated private equity and operating expertise, and (iii) its differentiated human capital program. Since its founding, Linden has invested in over 45 healthcare companies encompassing over 350+ total transactions. The firm currently manages approximately $8 billion of regulatory assets under management. For more information, please visit www.linden.com.

About Vital Care
Vital Care Infusion Services is a franchisor of infusion pharmacies, dedicated to serving secondary, tertiary, and underserved communities across the United States. The Vital Care franchise network spans the country, with more than 160 infusion pharmacy locations providing high-quality, safe, convenient, cost-effective infusion therapy services for chronic and acute patients at a local level. Through Vital Care’s streamlined, proprietary process and best-in-class support, pharmacies can thrive while focusing on what matters most: the patient. Vital Care was founded in 1986 by Johnny Bell. For more information, visit www.vitalcare.com.