Lighthouse Lab Services, a NaviMed Capital Holding Company, Announces Majority Growth Recapitalization with Martis Capital

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WASHINGTON, November 1, 2021 / PRNewswire / – Martis Capital (“Martis”), a mid-market private equity firm focused exclusively on the healthcare industry, has a majority investment in Lighthouse Lab Services (“Lighthouse” or the “Company”), at alongside current investors NaviMed Capital (“NaviMed”) and the Company’s management team. Based at Charlotte, North Carolina, Lighthouse is an end-to-end provider of turnkey laboratory construction and management services for clinical laboratories across United States. The company provides a full suite of solutions for outsourced laboratory management, consulting, recruiting, supply chain management, compliance, equipment sales and more. Lighthouse serves more than 1,000 customer laboratories, including physician office laboratories, reference laboratories and hospital laboratories.

Marc Roth, CEO of Lighthouse Lab Services, commented, “This is an important milestone for the entire Lighthouse team. We are thrilled to have the opportunity to work with Martis Capital to advance our mission and help labs across the country start up, manage and improve quality. We have spent two excellent years working with NaviMed Capital and we are delighted that they will remain involved in this next chapter as well. With this incredible support, I couldn’t be more excited about Lighthouse’s bright future.

Martis Capital said, “The Martis Capital team is very proud to join Lighthouse Lab Services on their journey and support the mission of continually improving patient access by bringing high quality diagnostic testing closer to the point of care. . Mario moreno, a partner at Martis, also commented: “At Martis Capital, we are delighted to partner with such a strong team and to support Lighthouse’s quality of service and innovation in the diagnostic laboratory end market by offering a high value to patients, providers and payers. “

“NaviMed was fortunate to support Lighthouse and its world-class management team in the early stages of implementing its vision for service providers, employers and laboratories with a new model of laboratory operations. We are delighted to continue working with this exceptional company throughout its next phase of growth, ”said NaviMed co-founder and CEO, Dr. Bijan Salehizadeh. Ryan ross, a Vice President of NaviMed added: “In the two short years of owning NaviMed, Lighthouse has experienced the kind of transformational growth that can only be achieved by pairing a single market opportunity with a strong and robust business model. to top talent. The future is bright for this company and its stakeholders. “

Tony crisman, general manager of by Lincoln Health Group, added: “Marc Roth and its management team have made Lighthouse a high growth platform since their partnership with NaviMed. I am delighted with the accelerated execution of the corporate vision with the support of Martis. “

Lincoln International has been Lighthouse’s exclusive financial advisor. Paul Hastings served as legal counsel to Lighthouse and Navimed. First Eagle Investment Management provided financing for the transaction. McDermott Will & Emery served as legal counsel to Martis.

About Lighthouse Lab Services
Lighthouse Lab Services provides an end-to-end suite of services for customers to start, operate and grow their clinical laboratories. Service offerings include assistance with licensing and compliance with accreditation requirements, development and validation of scientific methods for a variety of applications ranging from toxicology to infectious diseases, recruiting of directors of laboratory and other laboratory personnel, as well as ongoing operational support. The company has a deep doctoral bench. and master’s-level analytical chemists, pharmacologists, toxicologists and laboratory scientists, as well as experienced teams specializing in recruiting and staffing for laboratories. The lighthouse is located at Charlotte, North Carolina. Learn more about www.lighthouselabservices.com.

About Martis Capital

Martis Capital is a private equity firm specializing exclusively in the healthcare sector. The Martis team manages more than $ 1.3 billion capital and is currently investing from its third fund. With offices in San Francisco, California, and Washington DC, Martis seeks to invest in growth-oriented mid-market companies that deliver innovative and profitable products and services in targeted segments of the North American healthcare industry. For more information, please visit

www.martiscapital.com

About NaviMed Capital
NaviMed Capital is a Washington DCprivate equity firm with more than $ 400 million assets under management, focused exclusively on the healthcare sector. NaviMed invests in fast-growing, lower-midsize healthcare companies that NaviMed says are poised to benefit from the forces of reform and technological innovation that are reshaping the healthcare industry. The company focuses on healthcare services, healthcare IT, hospital products and pharmaceutical services. NaviMed targets profitable private companies with up to 10 million dollars of EBITDA and double-digit revenue growth. NaviMed’s senior investment team has a history of value creation spanning, in total, dozens of investments and over $ 11 billion of business value created during their combined careers. For more information, please visit www.navimed.com

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SOURCE Martis Capital


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