The transaction represents a successful exit from DCA Fund III
Roseville, CA – DCA Partners (“DCA”), the region’s leading private equity firm, is pleased to announce that its portfolio company, Bonafide Medical Group (“BMG”), has been acquired by WellSky. The transaction marks a successful exit for DCA Partners Fund III and represents a strategic expansion for continued growth in the healthcare technology sector for WellSky.
DCA acquired a minority position in BMG and partnered with Mark Ludwig, BMG’s CEO, to fund organic growth and the acquisition of S3 Resupply, completed in 2022.
“DCA has been incredibly important in helping Bonafide Medical Group grow into an industry leader.” commented Ludwig. “I am excited to partner with WellSky who is uniquely positioned to take advantage of Bonafide’s software platform, furthering their mission to support high quality providers, community organizations, and payers with superior solutions that improve outcomes through efficiency, intelligence, and connection.” Ludwig continued.
“We are pleased that we were able to realize a great outcome for our investors while positioning BMG for continued success,” said Steve Mills, DCA Partner.
BMG is the second exit from DCA Capital Partners III, LP, which has investments in five other portfolio companies and expects to make several additional investments over the next year.
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About DCA Partners
DCA Partners provides capital to growth-oriented, middle-market businesses in under-served markets across California and other western states. DCA partners with top-quality owners and management teams, providing the capital and expertise needed to successfully expand their businesses.
About BMG
BMG is a cloud-based SaaS provider focused on developing an ERP software solution for durable medical equipment (DME) providers. The product manages critical workflows and serves as a system-of-record for its customers’ business data. Key product modules include a core ERP system, facility portals, patient portals, data analytics, and patient engagement, resupply & compliance
Contact
Barbara Urbani
Director of Marketing & Administration
DCA Partners
burbani@dcapartners.com