Cimarron Healthcare Capital has announced it has sold its stake in Linen King to Seaport Capital.
Linen King, based in Tulsa, Okla., is a provider of outsourced healthcare laundry services to hospitals and healthcare facilities across the mid-South.
Cimarron, based in Bala Cynwyd, Pa., is focused on healthcare investments in the lower middle market. The firm prefers to make more substantial investments in healthcare services and technology companies.
Seaport Capital, based in New York, is a private equity firm in the lower middle market. The firm generally pursues investments in communications services, business and information services and media sectors.
Terms of the transaction were not disclosed.