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Carrick Buys Majority Stake in Kidney Firm

Carrick Capital Partners, a Newport Beach private equity firm with more than $1 billion in assets under management, has acquired a majority stake in Renalogic, a company that helps businesses reduce employee healthcare costs involving kidney disease and protects against related financial risks.

Phoenix-based Renalogic uses data-management tools to help clients identify employees who are at risk of chronic kidney disease and therefore are candidates for early intervention to deliver better health outcomes and significant savings. It’s a disease where the industry has struggled to reduce costs, Carrick said.

Carrick plans to help Renalogic expand its services to cover other diseases and treatments like cancers and organ transplants that pose financial risks to self-insured businesses.

Renalogic, which has 60 employees, declined to reveal annual revenue. Its 2019 EBITDA grew 195% over 2018 and 2020 EBITDA grew another 63% over 2019. 

Peter J. Brennan
Peter J. Brennan
Peter J. Brennan has been a journalist for 40 years. He spent a decade in Latin America covering wars, narcotic traffickers, earthquakes, and business. His resume includes 15 years at Bloomberg News where his headlines and articles sometimes moved the market caps of companies he covered by hundreds of millions of dollars. His articles have been published worldwide, including the New York Times and the Washington Post; he's appeared on CNN, CBC, BBC, and Bloomberg TV. He was awarded a Kiplinger Fellowship at The Ohio State University.
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