BETHESDA, Md.--(BUSINESS WIRE)--Northlane Capital Partners (“NCP”) announced today that it has invested in PAR Excellence Systems (“PAR Excellence”), a market leader in specialized supply chain management systems for the healthcare industry.
Founded in 1992 and headquartered in Cincinnati, Ohio, PAR Excellence offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. The systems also simplify the caregivers’ day-to-day tasks and allow them to focus on their core objective of patient care.
“We are excited to partner with NCP and believe their capital resources, focus on the healthcare market, and strong support of the Company’s mission will benefit our clients and employees. We look forward to working with the NCP team to continue to innovate the PAR Excellence service offering and expand our geographic coverage,” stated Joe Dattilo, PAR Excellence founder and Chief Executive Officer.
“PAR Excellence provides a technology-enabled solution that helps reduce the cost of healthcare delivery, which fits very well with NCP’s healthcare investment thesis,” said Justin DuFour, NCP Partner. “We look forward to partnering with the team to continue to grow the business.”
ABOUT NORTHLANE CAPITAL PARTNERS
Based in Bethesda, MD, Northlane Capital Partners currently manages a $1 billion private equity fund investing in control buyouts of middle market companies based in North America. NCP focuses on three sectors: healthcare, outsourced business services, and industrial technology. NCP generally looks for platform companies with EBITDA of $5 million to $30 million. For more information, please visit http://www.northlanecapital.com.