Healthcare-focused private equity firm

Webster Equity Partners

At a glance

Assets under management$10.1B (as of Dec 2025) S2
Latest fundWebster Fund VI, $1.8B (Mar 2026) S2
EBITDA range$5M to $20M S3
Revenue range$20M to $200M S3
Deal typesPlatform, Add-on S3
SectorsHealthcare Services

What Webster Equity Partners buys

Webster Equity Partners is a private equity firm in Waltham, Massachusetts, founded in 2003, that invests only in healthcare. It looks for patient-focused businesses in five practice areas: physician practice management, post-acute care, women's and children's health, behavioral health and pharma services. The firm reported $10.1 billion of assets under management at the end of 2025 and lists Fund VI at $1.8 billion, dated March 31, 2026.

Webster buys control and is often a company's first institutional investor. It targets profitable companies with $20 million to $200 million of revenue and roughly $5 million to $20 million or more of EBITDA at entry, then grows them through new services and acquisitions, aiming for $100 million or more of EBITDA. Several of its platforms grow by partnering with practices one at a time, so a smaller practice or provider will usually meet Webster as an add-on to a platform such as US Pediatric Partners or CVAUSA.

Recent deals

Announced in the 24 months before October 20, 2026.

DateCompanyTypeSectorSource
Sep 2026Lifecore BiomedicalAgreement to take the listed company private in a deal valued at up to $663.7 million including contingent payments; expected to close at the end of 2026PlatformSource
Sep 2026Bright Pediatrics and Georgia Health PartnersUS Pediatric Partners enters Georgia with pediatric primary care and behavioral health partnersAdd-onHealthcare ServicesSource
Mar 2026Webster Fund VI$1.8 billion sixth fund, per the firm's timelineFund closeSource
Jan 2026Aspen PediatricsMaryland pediatric primary care platform added to US Pediatric Partners; closed in late December 2025Add-onHealthcare ServicesSource
Jan 2026Radius HealthWebster and Patient Square agreed to sell their Radius shares to B-FLEXION Life Sciences; close expected in early 2026ExitSource
Jan 2026Cardiovascular Consultants (CVC)Phoenix cardiology group acquired by Atria Heart, part of the CVAUSA platformAdd-onHealthcare ServicesSource
Oct 2025Palmetto PediatricsSarasota practice that gave US Pediatric Partners its first Florida pediatric officeAdd-onHealthcare ServicesSource
Apr 2025BTST ServicesMaryland behavioral health provider, also Webster-backed since 2023, combined into US Pediatric PartnersAdd-onHealthcare ServicesSource
Apr 2025Hope ServicesPediatric behavioral health provider with three Raleigh-area locations added to US Pediatric PartnersAdd-onHealthcare ServicesSource

Portfolio by sector

From the firm's portfolio page S4.

Accounting & Professional Services

  • Penn Quarter Partners

Healthcare Services

  • Advantmed
  • ARSA
  • BayMark Health Services
  • Belmar Pharma Solutions
  • Bristol Hospice
  • Care Options for Kids
  • CenExel
  • CVAUSA (Cardiovascular Associates of America)
  • Discovery Behavioral Health
  • Guidant Health
  • Honor
  • Medrina
  • MyTownHealth Partners
  • Nova Women's Health
  • Oceans Healthcare
  • One GI
  • Pinnacle Fertility
  • Redwood Family Care Network
  • StrideCare
  • US Pediatric Partners (USPP)

Other

  • Corium Innovations
  • Orthofeet
  • PharmaLogic

Greymont’s take

How Webster Equity Partners fits a seller

Webster suits owners of healthcare services businesses who want a buyer that knows the field, since healthcare is all it does. A founder-led company with $5 million or more of EBITDA could become a new platform, and Webster says it is often the first institutional investor in the businesses it backs. Physician groups and smaller providers are more likely to join an existing platform: US Pediatric Partners alone added practices and providers in North Carolina, Maryland, Florida and Georgia between April 2025 and September 2026.

Because Webster plans to grow each platform toward $100 million of EBITDA and then sell it, an owner should ask how much of the price is cash at closing versus equity rolled into the platform, and when Webster expects to exit. Physicians should also ask how clinical decisions and pay will be handled after closing.

Questions owners ask

What size companies does Webster Equity Partners invest in?

It typically targets profitable healthcare companies with $20 million to $200 million of revenue and about $5 million to more than $20 million of EBITDA when it invests.

Does Webster Equity Partners only invest in healthcare?

Yes. Its strategy page calls the firm 100% healthcare focused, with practice areas in physician practice management, post-acute care, women's and children's health, behavioral health and pharma services.

Does Webster buy individual physician practices?

Usually through its platforms. US Pediatric Partners, which Webster set up in 2023, has added Hope Services, BTST Services, Palmetto Pediatrics, Aspen Pediatrics, Bright Pediatrics and Georgia Health Partners since April 2025.

How large is Webster's latest fund?

Its timeline lists Fund VI at $1.8 billion, dated March 31, 2026, after Fund V at $1.7 billion in 2022. At the end of 2025 the firm reported managing $10.1 billion in total.

Sources

  1. S1Webster Equity Partners home page Accessed October 20, 2026
  2. S2Webster Equity Partners: About (fund timeline and AUM) Accessed October 20, 2026
  3. S3Webster Equity Partners: Investment Strategy Accessed October 20, 2026
  4. S4Webster Equity Partners: Portfolio Accessed October 20, 2026
  5. S5B-FLEXION Life Sciences to Acquire Remaining 57% Interest in Radius Health (January 12, 2026) Accessed October 20, 2026
  6. S6Lifecore Biomedical to be Acquired by Webster Equity Partners (September 28, 2026); search listing only, page refused our user agent Accessed October 20, 2026
  7. S7US Pediatric Partners Establishes Maryland Primary Care Presence with Aspen Pediatrics (January 23, 2026) 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 Webster Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction

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