April 16, 2019 — 

Carousel Capital announced today that it has partnered with management to recapitalize Palmetto Infusion Services, L.L.C. (“Palmetto” or the “Company”), one of the nation's largest independent ambulatory infusion center (“AIC”) operators.

Founded in 1999, Palmetto is a leading provider of high-touch specialty infusion services to patients with complex, acute and chronic conditions. Through its dense network of ambulatory infusion centers and in-home administration services, the company delivers the highest quality clinical infusion services for patients requiring short and long-term infusion therapy administration in a safe, convenient, and affordable manner.

“We are very excited to partner with the Palmetto management team to further enhance and grow the platform. The Palmetto team has an impressive track-record of building leading healthcare businesses and we believe the Company has a unique opportunity to achieve significant growth by expanding its footprint to provide high quality care to more patients.  We are excited to participate in the execution of this strategy and be a partner to this team,” said Charles Grigg, a Managing Partner of Carousel.

“Our partnership with Carousel will allow Palmetto to accelerate its strategic mission of providing high quality, compassionate infusion services to patients throughout the Southeast and beyond.  Carousel will not only provide the capital we need for growth but also will bring the experience and partnership that will allow us to expand our care to more patients” said Gary Cooper, Founder and Managing Member of Palmetto.

“We look forward to partnering with Carousel and believe that, combined with the efforts of our talented and dedicated employees, Palmetto will continue to be a leader in providing quality infusion services for patients with complex and chronic conditions,” added David Goodall, Chief Executive Officer of Palmetto.

Carousel Capital funded the transaction with equity from its fifth investment fund, Carousel Capital Partners V, L.P.  Senior debt financing was provided by Freeport Financial Partners.

About Palmetto Infusion Services, L.L.C.:

Based in Pawleys Island, South Carolina, Palmetto is a leading provider of high-touch specialty infusion services to patients with complex, acute and chronic conditions.  The company primarily delivers care to its 4,500 patients through its dense network of ambulatory infusion centers. As the nation’s largest independent and most well-respected AIC operator, Management has developed the clinical and operational programs to focus on providing the highest quality, compassionate care for patients, payors and referring physicians. For more information, visit www.palmettoinfusion.com.

About Carousel Capital:

Carousel Capital is a private equity investment firm that invests in companies located in the Southeastern United States and has received commitments of more than $1.2 billion in capital across its funds. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs across the region. Since its inception, Carousel has invested in 42 companies primarily in three service sectors: business, consumer and healthcare. For more information about Carousel Capital, visit www.carouselcapital.com.


Carousel Capital Completes Exit of Caldwell & Gregory

Read Post


Carousel Recapitalizes Armstrong Transport Group

Read Post