RoundTable Healthcare Partners Completes Sale with Designs for Health
RoundTable Healthcare Partners has concluded its investment after a fruitful multi-year collaboration with the Lizotte family, as Designs for Health (DFH) welcomes new support from BDT & MSD Partners aimed at facilitating its continued growth.
Collaborative Growth and Transition
Recently, RoundTable Healthcare Partners, known for its focus in the healthcare industry, announced the completion of its sale of a minority stake in Designs for Health back to the Company. In association with this sale, DFH initiated a fresh minority investment involving BDT & MSD Partners' affiliated funds, designed to foster ongoing growth. The specifics of the transaction were not disclosed to the public.
Overview of Designs for Health
Designs for Health is dedicated to developing and marketing high-quality nutritional supplements and functional foods explicitly crafted for healthcare professionals and their patients. With more than 36 years in the industry, DFH is celebrated for its science-based formulations, strong commitment to clinical education, and a well-established reputation as a reliable partner within the integrative and functional medicine community.
RoundTable’s Strategic Involvement
RoundTable first acquired an interest in Designs for Health in September 2020. During its partnership with the Lizotte family, RoundTable played a pivotal role in supporting vital investments in the Company's leadership team and operational initiatives. This investment journey resulted in significant revenue growth and profitability for DFH, alongside an expanded reach to healthcare practitioners and their clientele.
Achievements During the Partnership
Reflecting on this collaboration, Pierre Frechette, Managing Partner at RoundTable, expressed, "Working with Jonathan Lizotte, CEO Amardeep Kahlon, and the entire Designs for Health team has been an honor. Together, we enhanced DFH's capabilities, reinforcing its foundation while nurturing its entrepreneurial spirit. We are immensely proud of the collaborative accomplishments and eagerly anticipate the Company’s advancement under the Lizotte family's leadership in combination with BDT & MSD Partners."
Looking Toward the Future
Jawwad Akhtar, Partner at RoundTable, emphasized that the collaboration with Designs for Health exemplifies RoundTable’s commitment to working alongside founders and management teams to cultivate leading entities in the healthcare domain. “By leveraging our extensive experience in consumer healthcare, we effectively scaled the organization, setting it on a path for sustainable growth,” Akhtar remarked.
Gratitude for Partnership
Jonathan Lizotte, Founder and Executive Chairman of DFH, noted, "RoundTable has been an exceptional partner for our family and to Designs for Health. Their profound industry knowledge, strategic insight, and hands-on operating support were instrumental in our business transformation. We appreciate their guidance and are optimistic about our future endeavors."
Financial Advisory and Legal Support
Wellvest Capital, LLC served as the financial advisor to the Lizotte family and Designs for Health. Perella Weinberg Partners LP and Canaccord Genuity LLC acted as financial advisors to Designs for Health, while Sidley Austin LLP, Lowenstein Sandler LLP, Davis Polk & Wardwell LLP, and Sterlington PLLC provided crucial legal counsel across the various organizations involved.
About RoundTable Healthcare Partners
RoundTable Healthcare Partners, headquartered in Lake Forest, IL, is focused exclusively on healthcare. The firm partners with organizations that can leverage its deep industry relationships, operational expertise, and transaction capabilities. With a successful history of collaborating with owners, family businesses, management teams, entrepreneurs, and corporate allies, RoundTable has raised $4.25 billion in committed capital across several funds.
About Designs for Health
As a family-owned entity, Designs for Health, Inc. provides high-quality nutritional supplements and functional foods aimed at healthcare professionals and their patients. Rooted in the founding principle of "Science-First™," the company is committed to creating research-backed formulations rich in functional ingredients to enhance health outcomes. For over three decades, Designs for Health has remained a trusted partner for healthcare professionals, known for its innovative products and leadership in clinical education.
Frequently Asked Questions
1. What is the main focus of RoundTable Healthcare Partners?
RoundTable Healthcare Partners focuses exclusively on the healthcare industry, partnering with companies to enhance their growth and operations.
2. Who is Designs for Health?
Designs for Health is a company that develops and markets nutritional supplements and functional foods, catering specifically to healthcare professionals and their patients.
3. What was the nature of the partnership between RoundTable and Designs for Health?
RoundTable's partnership with Designs for Health involved strategic investments in leadership, operations, and initiatives aimed at expanding the company’s reach and profitability.
4. Who were the financial advisors involved in the transaction?
Wellvest Capital, LLC and Perella Weinberg Partners LP were among the financial advisors to the respective parties involved in the transaction.
5. How long has Designs for Health been in operation?
Designs for Health has been in operation for over 36 years, building a reputation for quality and commitment within the healthcare community.
