H.I.G. Capital has acquired SkinCure Oncology to expand its portfolio of healthcare solutions and enhance its capabilities in image-guided superficial radiation therapy (IG-SRT).

AcquirerH.I.G. Capital
TargetSkinCure Oncology
ValueUndisclosed
TypeAcquisition
Closing Date2024-11-04
Buy-side AdvisorsMilestone Partners, Marathon Asset Management
Sell-side AdvisorsNot disclosed
Legal (Buy)Not disclosed
Legal (Sell)Prosek Partners

Deal Mechanics

Milestone Partners and Marathon Asset Management advised H.I.G. Capital on the transaction, which closed on November 4, 2024.

Strategic Rationale

H.I.G. Capital’s acquisition of SkinCure Oncology is driven by a strategic intent to bolster its presence in cancer care solutions and leverage SkinCure's IG-SRT technology. The move aims to integrate advanced radiation therapy into the company’s existing portfolio, offering patients more targeted treatment options.

Financial Context

The financial terms of the deal have not been disclosed by either party involved. However, Marathon Asset Management provided a senior secured credit facility to finance H.I.G. Capital's acquisition of SkinCure Oncology.

Advisors

Milestone Partners and Marathon Asset Management acted as buy-side advisors for H.I.G. Capital in this transaction. Prosek Partners served as the legal advisor on behalf of SkinCure Oncology, though specific details on other advisors remain undisclosed.

Outlook

H.I.G. Capital’s acquisition of SkinCure Oncology represents a significant step towards expanding its healthcare solutions offering and enhancing its service capabilities in IG-SRT. The company is expected to leverage SkinCure's technology to improve patient outcomes and strengthen market leadership.