Great Hill Partners has announced the acquisition of Blue Cloud Pediatric Surgery Centers from The Rise Fund.
Blue Cloud, founded in 2011 and based in Woodlands, Texas, is an operator of U.S. pediatric ambulatory surgery centers focused on dental and oral surgery.
Great Hill Partners, based in Boston, seeks to invest in middle market companies in several sectors, including healthcare technology. Founded in 1998, the firm typically invests $25 million to $200 million in equity in each investment, targeting companies with an enterprise value of $25 million to $500 million.
The Rise Fund, founded in 2016, is part of TPG’s global impact investing platform.
Terms of the transaction were not disclosed.