Healthcare

 

WCAS seeks to invest in market-leading healthcare companies that (i) reduce healthcare costs, (ii) increase quality of care or service, (iii) enable payors and/or providers to improve efficiencies and (iv) demonstrate proven business models with strong unit-level economics.  We have found that by targeting highly fragmented, complex or inefficient sectors with a combination of capital, strong management, and strategic vision, we can create operating models and businesses that deliver substantial value to patients, providers, payors and shareholders.

 

Some examples of healthcare sectors in which we invest include facilities, providers, payors and medical technology.  In addition, we invest in healthcare information technology, which leverages both our healthcare and technology expertise.

 

Technology

 

WCAS defines technology and technology-enabled services to include a very large and dynamic universe of companies that provide services to other companies.  We focus on business-to-business models where a target company's client base consists of other businesses (and not consumers). We target investments in companies with (i) attractive organic and acquisition-related growth opportunities, (ii) strong recurring revenue and free cash flow, (iii) high operating leverage and (iv) defensible market positions.  We believe that our portfolio companies deliver value to their customers by enabling greater growth, improved productivity and quality as well as higher cost efficiency.  

 

The technology universe includes a number of attractive subsectors and a wide range of diverse business models. Some examples of technology sectors in which we invest include payment processing, financial technology and software.