Avista Healthcare Partners has acquired Bentec Medical from Greyrock Capital Group and Hermitage Equity Partners, according to a news release.
Bentec, founded in 1994 and headquartered in Woodland, California, is a manufacturer of complex, silicone-based medical device components and finished goods for OEM customers and healthcare providers.
Avista, founded in 2005 and based in New York, makes control buyout investments in middle market healthcare companies. The firm focuses on the following healthcare subsectors: pharmaceuticals, medical devices, outsourced pharmaceutical services, distribution and consumer-driven healthcare.
Greyrock, founded in 2002 and based in Walnut Creek, California, is an investor in mezzanine debt and equity to middle-market companies.
Hermitage, founded in 2009 and based in Dallas, is a middle market private equity firm that invests across several sectors, including healthcare. The firm prefers to purchase companies with revenue ranging from $10 million to $250 million.
Terms of the transaction were not disclosed.