Page 11 Bain Capital Helthcare
P. 11
Transform—and
Transcend
Innovation and growth are critical
to success in healthcare investing
In investing, as in medicine, stasis can be fatal.
In the absence of innovation and growth, a healthcare
business withers, and investment returns along with it.
That’s why, with every healthcare investment, Bain Capital
focuses on opportunities to drive transformational growth.
It’s a pursuit that requires relentless inquiry, the will to
challenge conventional thinking, and the wherewithal
to turn ideas into action. It’s how molecules become
therapeutic breakthroughs, how technology becomes a
value creator and, ultimately, how capital becomes cash
flow.
Of course, transformation isn’t about change for its own
sake. It’s about building great businesses to improve
patients’ lives, and building them to last.
Creating a best-in-class HCIT platform
OVERVIEW
Provides next-generation, cloud-based technology that
simplifies and unifies the healthcare revenue cycle.
TRANSFORMATION
Growing a $14M EBITDA company into a $380M+
EBITDA industry leader through significant tech
investment, organic growth and strategic acquisitions.
In late 2024, Waystar executed a highly successful initial
public offering to further enable growth and innovation,
and eventual liquidity for investors.
Finding value in value-based care
OVERVIEW
Delivers software and services that enable payers,
employers and providers to organize and finance
healthcare delivery.
TRANSFORMATION
When value-based care was more an idea than a multi-
billion dollar market, built an industry leader serving 9,000
providers, leading to a successful IPO (Signify Health) and
subsequent acquisition by CVS Health.
Build it and they will come
OVERVIEW
Combines generic drugs with medical devices in
ready-to-use formats, increasing system-wide access,
improving safety and saving costs.
TRANSFORMATION
Beginning with two co-founders, a half-complete
factory and a vision, grown to serve over one-third of
all hospitals in the U.S. every month with essential
medications.
11
Bain Capital
Healthcare
Transcend
Innovation and growth are critical
to success in healthcare investing
In investing, as in medicine, stasis can be fatal.
In the absence of innovation and growth, a healthcare
business withers, and investment returns along with it.
That’s why, with every healthcare investment, Bain Capital
focuses on opportunities to drive transformational growth.
It’s a pursuit that requires relentless inquiry, the will to
challenge conventional thinking, and the wherewithal
to turn ideas into action. It’s how molecules become
therapeutic breakthroughs, how technology becomes a
value creator and, ultimately, how capital becomes cash
flow.
Of course, transformation isn’t about change for its own
sake. It’s about building great businesses to improve
patients’ lives, and building them to last.
Creating a best-in-class HCIT platform
OVERVIEW
Provides next-generation, cloud-based technology that
simplifies and unifies the healthcare revenue cycle.
TRANSFORMATION
Growing a $14M EBITDA company into a $380M+
EBITDA industry leader through significant tech
investment, organic growth and strategic acquisitions.
In late 2024, Waystar executed a highly successful initial
public offering to further enable growth and innovation,
and eventual liquidity for investors.
Finding value in value-based care
OVERVIEW
Delivers software and services that enable payers,
employers and providers to organize and finance
healthcare delivery.
TRANSFORMATION
When value-based care was more an idea than a multi-
billion dollar market, built an industry leader serving 9,000
providers, leading to a successful IPO (Signify Health) and
subsequent acquisition by CVS Health.
Build it and they will come
OVERVIEW
Combines generic drugs with medical devices in
ready-to-use formats, increasing system-wide access,
improving safety and saving costs.
TRANSFORMATION
Beginning with two co-founders, a half-complete
factory and a vision, grown to serve over one-third of
all hospitals in the U.S. every month with essential
medications.
11
Bain Capital
Healthcare
