Firm at a glance
Heritage Group is a platform private equity firm founded in 1986 and headquartered in Nashville, TN, per its own website [S1]. The firm reports approximately $1 billion under management across four funds as of April 2026 [S2].
What they buy
Based on publicly disclosed transactions over the last 24 months, Heritage Group appears to concentrate its acquisition activity in healthcare services [S3]. The firm’s recent deal flow demonstrates a pattern of building platforms through initial acquisitions followed by strategic add-on transactions, with multiple bolt-ons completed for portfolio companies including Valera Health, Equum Medical, Wellvana, and Nationwide Medical [S3]. This buy-and-build approach suggests the firm targets healthcare businesses with consolidation potential.
Portfolio
Specific portfolio company details beyond recent transaction targets were not publicly available in materials reviewed as of April 2026. Recent platform and add-on acquisitions disclosed include:
**Healthcare Services**
* Nationwide Medical (platform acquisition, December 2024) [S3]
* Dynamic Healthcare Services, acquired by Nationwide Medical (add-on, April 2026) [S3]
* Vita Health, acquired by Valera Health (add-on, June 2025) [S3]
* VeeOne Health’s Clinical Services Portfolio, acquired by Equum Medical (add-on, May 2025) [S3]
* CVS Health’s MSSP Business, acquired by Wellvana (add-on, March 2025) [S3]
Recent activity (last 24 months)
* July 2025: Closed Heritage Group Fourth Fund at $370 million [S4]
* June 2025: Portfolio company Valera Health acquired Vita Health [S3]
* May 2025: Portfolio company Equum Medical acquired VeeOne Health’s Clinical Services Portfolio [S3]
* March 2025: Portfolio company Wellvana acquired CVS Health’s MSSP Business [S3]
* December 2024: Acquired Nationwide Medical as platform investment [S3]
* April 2026: Portfolio company Nationwide Medical acquired Dynamic Healthcare Services [S3]
How this firm fits a seller
Heritage Group appears positioned for healthcare services businesses seeking a buyer with demonstrated sector focus and operational resources to support growth through acquisitions. The firm’s consistent add-on activity, with at least two bolt-ons completed in the trailing 12 months per available data, suggests an active approach to platform building post-acquisition [S3]. For owner-operators in healthcare services considering exit options, the firm’s 40-year operating history and recent fund close in July 2025 indicate both experience and available capital [S1][S4]. Sellers in healthcare services may find alignment with Heritage Group’s observed investment thesis.
Sources
[S1] https://heritagegroupusa.com (as of 2026-04-27)
[S2] https://heritagegroupusa.com/portfolio/ (as of 2026-04-27)
[S3] https://heritagegroupusa.com/news/ (as of 2026-04-27)
[S4] https://www.businesswire.com/news/home/20250724116955/en/Heritage-Group-Closes-on-%24370-Million-Fourth-Fund (as of 2025-07-24)
Frequently asked questions
Does Heritage Group buy healthcare services businesses?
Yes, based on publicly disclosed transactions. All recent acquisitions identified over the last 24 months involved healthcare services companies, including the December 2024 platform acquisition of Nationwide Medical and multiple add-on transactions for healthcare portfolio companies [S3]. This pattern suggests healthcare services represents a core investment focus for the firm.
What companies has Heritage Group acquired recently?
The most recent disclosed platform acquisition was Nationwide Medical in December 2024 [S3]. Heritage Group portfolio companies have also completed several add-on acquisitions, including Dynamic Healthcare Services (acquired by Nationwide Medical in April 2026), Vita Health (acquired by Valera Health in June 2025), and VeeOne Health’s Clinical Services Portfolio (acquired by Equum Medical in May 2025) [S3].
Where is Heritage Group based and how big is the firm?
Heritage Group is based in Nashville, TN, and reports approximately $1 billion under management across four funds as of April 2026 [S1][S2]. The firm closed its fourth fund at $370 million in July 2025 [S4].
Is Heritage Group still actively acquiring?
Yes, the firm appears active. Heritage Group closed a new $370 million fund in July 2025 [S4], and its portfolio companies have completed multiple add-on acquisitions as recently as April 2026 with the Dynamic Healthcare Services transaction [S3]. This recent activity suggests ongoing acquisition capacity.
This profile is maintained by CT Acquisitions as an independent third-party reference. CT Acquisitions is not affiliated with, endorsed by, or a representative of the firm profiled. All facts sourced from publicly available materials as of the dates cited.