Norwest Equity Partners Acquires Pentec Health - Frazier Healthcare

Jason Sondell, a Director at NEP and Pentec board member, stated, “This investment is a testament to
NEP’s healthcare investment strategy of partnering with profitable and growing companies with strong
business models and management teams. Pentec is a world-class operation run by a best-in-class
management team that has broad and deep experience leading pharmaceutical and healthcare
businesses. With its unmatched capabilities, therapies, and services, Pentec is poised to continue to
grow both organically through increased penetration within its growing markets, and through
acquisitions of companies in both existing and adjacent markets.”
Additional financing for this transaction was provided by Norwest Mezzanine Partners, Madison Capital
Funding, Golub Capital, Zions Bank, and CIT Group.
Simultaneous to the close of the transaction, Cosgrove assumed the role of Chairman of the Board of
Directors in addition to his CEO role. Pentec employs nearly 300 people and is headquartered in
Boothwyn, Pennsylvania. More information can be found on www.pentechealth.com.
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Partnering with business owners since 1961, Norwest Equity Partners (NEP) is a leading investment firm focused on
building companies into industry leaders. With a reputation for quality investments and exceptional financial
returns, NEP manages $5 billion of capital through a series of equity and mezzanine funds. The firm is currently
investing NEP IX, with $1.2 billion in capital.