Waud Capital partners with Bill Mixon to launch $100M investment 

CHICAGO – Waud Capital, a growth-oriented middle market private equity firm, has announced a strategic executive partnership with Bill Mixon, former CEO of Advanced Diabetes Supply (ADS), to acquire a platform investment in the medical device and health care supply chain services market. 

The firm plans to invest over $100 million in equity capital to support this initiative, targeting high-growth opportunities in the fragmented health care supply chain sector. 

“We are thrilled to partner with Bill,” said Mike Lehman, principal at Waud Capital. “He is an exceptional executive who has created value and driven multiple successful outcomes throughout his career in a sector we find highly attractive. The health care supply chain markets are highly fragmented with significant opportunities for organizations to deliver value-add solutions and address substantial challenges for key stakeholders.” 

Focus areas in health care supply chain investment 

Waud Capital will focus on several high-potential subsectors, including: 

• Home distribution services 
• Value-add specialty distribution 
• Outsourced provider equipment services 
• Chronic care and population health management solutions 

These areas are expected to deliver significant value to supply chain channel partners and address key challenges in healthcare logistics and delivery, the firm says. 

Building on Waud Capital’s health care investment experience 

This executive partnership builds on Waud Capital’s extensive experience in health care supply chain services and home care markets. Notable investments include: 

• Mopec Group – Supplier of pathology equipment, consumables, and services 
• PromptCare – Home infusion and durable medical equipment 
• Provider Network Holdings – Specialty medication supply management 
• DS Medical – Home medical supplies 
• AltoCare – In-home senior care 
• Concierge Home Care – Skilled home health care 

“The partnership with Bill is another example of Waud Capital’s executive-first campaign approach and commitment to support accomplished executive leaders with the full ecosystem of resources to execute transformative growth strategies in large, growing markets,” said Kyle Lattner, partner at Waud Capital. “This is our second dedicated campaign in the medical device and supply chain services market in the last two years, and we are thrilled about the prospects of what we can accomplish during our partnership with Bill.” 

Bill Mixon’s track record in health care leadership 

Bill Mixon previously led ADS through a successful sale to Cardinal Health, growing the company to $1 billion in revenue and serving nearly 500,000 patients annually. Prior to ADS, Mixon was CEO of National Seating & Mobility. 

Waud Capital also previously partnered with Steve Jakubcanin to pursue a platform investment in the home care and post-acute services market, reinforcing its commitment to executive-led growth strategies. 

• Related: Cardinal Health ‘really keen’ on diabetes market.