Candescent Partners, an Boston investment firm, has raised $21.5 million in equity and mezzanine debt through a newly formed company called Candescent Healing to acquire an operator of 12 outpatient wound care facilities called the Center for Wound Healing and Hyperbaric Medicine, which has corporate offices on Long Island, Stephen Jenks, a founder and managing partner of Candescent Partners, tells Xconomy. Information about the financing first surfaced this week in an SEC filing. Jenks and Alexander “Sandy” McGrath, who is also a co-founder and managing partner of Candescent Partners, are listed as directors and executives of Candescent Healing in the SEC filing.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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