Healthcare services private equity firm

InTandem Capital Partners

At a glance

Latest fundInTandem Capital Partners Fund III, $715M (Jun 2024) S5
EBITDA range$5M to $30M S2
Deal typesPlatform, Add-on, Growth S2
GeographyNorth America S5
SectorsHealthcare Services, Dental

What InTandem Capital Partners buys

InTandem Capital Partners is a New York private equity firm that invests only in healthcare services. Its target list has four parts: services sold to health plans and employers, such as cost containment and benefit administration; providers and care delivery, including home care, infusion, behavioral health and women's health; technology-enabled services such as revenue cycle work; and services for drug developers, such as clinical trial sites. Several of its senior people ran healthcare companies before they became investors, and the firm works closely with management after closing.

Its stated starting point is a company with $5 million to $30 million of EBITDA, though it will look at larger deals and at smaller growth investments in fast-growing businesses. Its funds take control of North American companies, and Fund III closed at $715 million in June 2024. A smaller practice or agency is most likely to meet InTandem as an add-on to one of its platforms, such as HouseWorks in home care, Vivo Infusion, Sequel Ortho or beBright in pediatric dentistry.

Recent deals

Announced in the 24 months before October 20, 2026.

DateCompanyTypeSectorSource
Apr 2026Pediatric Dentistry of Shreveport-BossierSix-location pediatric dental practice in northwest Louisiana joined beBright, its largest affiliation so farAdd-onDentalSource
Mar 2026A Caring ExperienceRhode Island home care agency added to HouseWorks, its twelfth deal under InTandem; local leadership staysAdd-onHealthcare ServicesSource
Dec 2025The Phia GroupHealthcare cost containment firm for self-funded employers; the prior backer, WestView Capital, keeps a significant stakePlatformHealthcare ServicesSource
Nov 2025Fox Valley OrthopedicsIllinois orthopedic practice joined Sequel Ortho, which also supports OrthoNebraskaAdd-onHealthcare ServicesSource
Mar 2025ClinilabsContract research organization focused on central nervous system trials, backed alongside its founderPlatformHealthcare ServicesSource
Jan 2025HealthfuseMilwaukee firm that manages revenue cycle vendors for hospitalsPlatformHealthcare ServicesSource
Jan 2025Neurology Institute of San Antonio and Vista InfusionsNeurology practice and infusion centers added to Vivo Infusion; the physicians keep practicingAdd-onHealthcare ServicesSource
Jan 2025O'Connell Care at Home and Best Home CareTwo founder-owned Massachusetts home care agencies added to HouseWorksAdd-onHealthcare ServicesSource
Dec 2024InSite Clinical ResearchDallas-Fort Worth psychiatric trial site joined Adams Clinical, its first site in TexasAdd-onHealthcare ServicesSource

Portfolio by sector

From the firm's portfolio page S4.

Dental

  • beBright

Healthcare Services

  • Adams Clinical
  • Clinilabs
  • Healthfuse
  • HouseWorks
  • Ivy Fertility
  • Pediatric Home Service
  • Sequel Ortho
  • The Phia Group
  • Vivo Infusion
  • Your Health

Past investments: Cano Health, Paradigm Oral Health, Turning Point Centers

Greymont’s take

How InTandem Capital Partners fits a seller

InTandem fits owners of healthcare services businesses who want a buyer that has run similar companies, not only financed them. Much of its recent activity is add-ons. HouseWorks has closed twelve deals since InTandem backed it in December 2022, including founder-owned home care agencies in Massachusetts and Rhode Island, and in the March 2026 Rhode Island deal the local leadership stayed in place. Physician and dental groups usually join through a platform such as Sequel Ortho or beBright and keep leading clinical care.

Since 2022 the firm has run Private Equity for Greater Good, which aims to give every full-time employee of its portfolio companies a share of the equity gains. Owners who care about their staff should ask how that program works in practice, how much equity they would roll over, and how long InTandem expects to hold the platform.

Questions owners ask

What size company does InTandem look for?

Its stated starting point is $5 million to $30 million of EBITDA. It also considers larger companies, smaller growth investments in fast-growing businesses, and deals alongside other private equity sponsors.

Does InTandem buy home care agencies?

Yes, through HouseWorks, its personal care platform. HouseWorks bought O'Connell Care at Home and Best Home Care in Massachusetts in January 2025 and A Caring Experience in Rhode Island in March 2026, its twelfth deal since InTandem invested in December 2022.

Does InTandem invest in dental practices?

Yes. Its beBright platform combines pediatric dentistry and orthodontic practices. In April 2026 beBright added Pediatric Dentistry of Shreveport-Bossier, a six-location practice in northwest Louisiana and its largest affiliation to date.

Do employees share in the gains after an InTandem deal?

InTandem launched Private Equity for Greater Good in March 2022. The program is meant to give all full-time employees of its portfolio companies a share of the equity gains, rather than limiting equity to senior executives.

Sources

  1. S1InTandem Capital Partners home page Accessed October 20, 2026
  2. S2InTandem Capital Partners: About Accessed October 20, 2026
  3. S3InTandem Capital Partners: Sector Focus Accessed October 20, 2026
  4. S4InTandem Capital Partners: Portfolio Companies Accessed October 20, 2026
  5. S5InTandem Capital Partners Closes Fund III at $715 Million (June 11, 2024) Accessed October 20, 2026
  6. S6InTandem Capital Partners Creates Private Equity for Greater Good (March 17, 2022) Accessed October 20, 2026
  7. S7HouseWorks Strengthens New England Presence Through Rhode Island Home Care Acquisition (March 11, 2026) Accessed October 20, 2026
  8. S8InTandem Capital Partners: News Accessed October 20, 2026
  9. S9InTandem Capital Partners: Your Health portfolio page Accessed October 20, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with InTandem Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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