pcJ News Briefs – DW Healthcare Partners of Park City, Utah and Toronto has acquired undisclosed stake in SoClean.
Oxford, Massachusetts based SoClean is the CPAP sanitizing device company that sanitizes the CPAP mask, hose and reservoir without the need for disassembly, water or chemicals.
photo credit: SoClean
SoClean Secures Investment Backing from DW Healthcare Partners
by SoClean / Wednesday, 03 January 2018 / Published in Press Releases
Infusion of funds to Accelerate Growth in 2018
BOSTON, Jan. 3, 2018 /PRNewswire/ — SoClean, the CPAP sanitizing device company based in Oxford, Massachusetts, has successfully partnered with investment firm, DW Healthcare Partners (“DWHP”), to expand the brand in 2018. The healthcare-focused private equity investment firm based in Toronto, Canada has deep expertise in scaling mid size companies to fully realize their global potential. Earlier this year, SoClean took top honors for innovation from the Small Business Association of New England (SBANE) for their transformative and innovative technology that delivers proven value to customers.
Andrew Carragher, Co-Founder and Managing Partner of DW Healthcare Partners, confirms his support, “SoClean has revolutionized the way that CPAP machines are cleaned. We are excited to back a product that provides such substantial value to its users.”
Since 2011, SoClean has been committed to raising awareness about obstructive sleep apnea (OSA) and educating consumers about other sleep breathing disorders that are estimated to impact 100 million people globally. As the worldwide leader in CPAP cleaning solutions, SoClean’s innovative technology removes the complexity of keeping equipment clean so patients can stay compliant with their life saving therapy.
“SoClean understands that OSA is as prevalent as diabetes so we need to have an aggressive growth plan in place to improve worldwide health outcomes,” notes Robert Wilkins, CEO of SoClean. “DW Healthcare Partners is ideally suited to take us to the next level. Their seasoned healthcare investment team is dedicated to accelerating SoClean’s growth to maximize our value. We are confident that the best is yet to come for SoClean in 2018 and beyond.”
SoClean is the CPAP sanitizing device company that sanitizes the CPAP mask, hose and reservoir without the need for disassembly, water or chemicals. Improperly cleaned CPAP equipment is filled with harmful device bacteria and viruses that can make people very sick when breathed into their body. Unlike the traditional soap and water cleaning approach, SoClean’s natural approach to CPAP sanitizing kills 99.9% of bacteria and viruses, which leads to a healthier breathing experience. For more information, visit http://www.soclean.com.
About DW Healthcare Partners:
DW Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. The firm manages over $800 million in committed capital and invests in profitable healthcare companies with proven management teams. DW Healthcare Partners is led by seasoned healthcare executives with more than 110 years of combined industry experience. The firm provides the capital, strategic guidance, and acquisition expertise to help mid-to-late-stage companies realize their potential for growth.
For more information, please visit: www.dwhp.com.