Sheridan Capital Partners has sold Tarrytown Expocare Pharmacy to Carlyle, according to a news release.
Tarrytown, founded in 2007 and based in Austin, Texas, is a long-term care pharmacy specialized in serving individuals with intellectual and developmental disabilities. The company states that it is licensed in more than 40 states.
Sheridan, founded in 2012 and based in Chicago, is a healthcare-focused firm that concentrates on the lower middle market. The firm pursues buyouts and growth equity investments in providers and provider services, healthcare IT and outsourced services, and consumer health and medical products.
Carlyle (NASDAQ: CG), founded in 1987 and with its U.S. headquarters in Washington, D.C., is a global investment firm that deploys private capital across three business segments: global private equity, global credit and investment solutions. The firm targets companies in healthcare and many other industries.
Sheridan will retain a minority ownership position in Tarrytown.
Terms of the transaction were not disclosed.