Healthcare-focused private equity firm
Altaris
- HeadquartersNew York, NY S6
- Founded2003 S1
- Websitealtariscap.com
- Last verifiedOctober 22, 2026
At a glance
| Assets under management | $10B (as of June 2025) S1 |
|---|---|
| Deal types | Platform, Add-on S3 |
| Sectors | Healthcare Services, IT Services & MSP, Software & SaaS |
What Altaris buys
Altaris is a New York investment firm, founded in 2003, that invests only in healthcare. Its website shows about $10 billion of equity under management as of June 2025 and more than 50 companies backed since it began. It works in three areas: medical devices and diagnostics, pharmaceuticals and life sciences, and tech-enabled services, which takes in healthcare IT services, revenue cycle work and data businesses. Its deals are usually buyouts, and many are complex: carve-outs from large corporations and health systems, such as Tegria from Providence and the life sciences data unit of Clarivate, take-privates such as Sharecare and Simulations Plus, and investments in family and founder-owned companies.
Altaris does not publish revenue or EBITDA ranges, and its recent platforms are large. A smaller healthcare business is more likely to meet Altaris as an add-on to a company it already owns. In October 2026, for example, Tegria bought CloudWave, a cloud hosting and managed IT provider for hospitals, and Chemical Computing Group was combined with Simulations Plus.
Recent deals
Announced in the 24 months before October 22, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Oct 2026 | CloudWaveCloud hosting, cybersecurity and managed IT provider for hospitals, added to Tegria | Add-on | IT Services & MSP | Source |
| Oct 2026 | Clarivate Life Sciences & Healthcare (LS&H)Carve-out of Clarivate's Cortellis and DRG data and insights business for drug and device makers | Platform | Software & SaaS | Source |
| Oct 2026 | Simulations PlusTake-private of the Nasdaq-listed drug development software company, combined with Chemical Computing Group | Add-on | Software & SaaS | Source |
| Oct 2026 | Leidos Security Enterprise SolutionsLeidos's security imaging, ports and borders, and industrial automation units combined into Analogic | Add-on | Source | |
| Jan 2026 | TegriaHealthcare technology consulting, managed services and hosting provider bought from Providence | Platform | IT Services & MSP | Source |
| Oct 2025 | ClearwaterHealthcare cybersecurity and compliance firm sold to Sunstone Partners | Exit | Cybersecurity | Source |
| Oct 2025 | Forj MedicalMedical device contract manufacturer formed by merging portfolio companies Intricon and Minnetronix | Investment | Source | |
| May 2025 | Minaris Advanced TherapiesMinaris and Advanced Therapies merged into one cell and gene therapy manufacturing company based in Philadelphia | Investment | Source | |
| Jan 2025 | Minaris Regenerative MedicineCell therapy contract manufacturer carved out of Resonac | Platform | Source | |
| Dec 2024 | WuXi AppTec Advanced Therapies (U.S. and U.K.)Agreed to buy WuXi AppTec's U.S. and U.K. cell therapy operations | Platform | Source | |
| Oct 2024 | SharecareTake-private of the digital health company at $1.43 a share; the founder rolled most of his equity and stayed as executive chair | Platform | Healthcare Services | Source |
Portfolio by sector
From the firm's portfolio page S4.
Medical Devices and Diagnostics
- Forj Medical
- Solesis
Pharmaceuticals and Life Sciences
- Chemical Computing Group (with Simulations Plus)
- Kindeva Drug Delivery
- LS&H (Clarivate Life Sciences & Healthcare)
- Minaris Advanced Therapies
- Padagis
- Veranova
Tech-Enabled Services
- Sharecare
- Tegria
Other
- Analogic
- Trean Insurance Group
Past investments: Clearwater
Greymont’s take
How Altaris fits a seller
Altaris fits owners whose companies sell to hospitals, health plans, drug makers or device makers and who want a buyer that already knows those customers well. Its platforms are large, so most smaller sellers would join one as an add-on rather than become a new platform. For an IT services or managed services owner, the clearest current buyer is Tegria, which Altaris bought from Providence in January 2026 and which added CloudWave's hosting and managed services business in October 2026.
Founders can stay involved. When Altaris took Sharecare private in 2024, the founder rolled over most of his equity and stayed on as executive chair. Altaris also tends to merge companies it owns, as with Forj Medical and Minaris Advanced Therapies, so an owner should ask whether the business would keep its name and leaders after a merger, and how Altaris expects to sell the combined company.
Questions owners ask
Does Altaris buy healthcare IT services companies?
Yes. It bought Tegria, an outsourced technology services provider for hospitals and health plans, from Providence in January 2026. Tegria then acquired CloudWave, a cloud hosting, cybersecurity and managed IT provider, in October 2026. Altaris sold Clearwater, a healthcare cybersecurity and compliance firm, to Sunstone Partners in October 2025.
What kinds of deals does Altaris do?
Its approach page lists carve-outs, corporate partnerships, take-privates and investments in family and founder-owned companies. Recent examples include carve-outs from Providence, Resonac, WuXi AppTec and Clarivate, and the take-privates of Sharecare in 2024 and Simulations Plus in 2026.
Does Altaris invest outside healthcare?
Its stated focus is healthcare only, across medical devices and diagnostics, pharmaceuticals and life sciences, and tech-enabled services. Two current holdings are less clearly healthcare: Analogic, an imaging and power technology business that now includes security screening businesses bought from Leidos, and Trean Insurance Group, an insurance carrier and services provider.
Sources
- S1Altaris home page (figures as of June 2025) Accessed October 22, 2026
- S2Altaris: Healthcare Focus Accessed October 22, 2026
- S3Altaris: Our Approach Accessed October 22, 2026
- S4Altaris: Our Companies Accessed October 22, 2026
- S5Altaris: News Accessed October 22, 2026
- S6Altaris Acquires Tegria (January 6, 2026) Accessed October 22, 2026
- S7Altaris Acquires Sharecare (October 22, 2024) Accessed October 22, 2026
- S8Tegria Acquires CloudWave (October 19, 2026) Accessed October 22, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Altaris. Figures are as reported on the dates shown and may have changed. Request a correction