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Candescent Partners Announces Sale of Candescent Healing

Boston, MA — January, 2014 — Candescent Partners, LLC, is pleased to announce the merger of its portfolio company Candescent Healing, LLC with a subsidiary of RestorixHealth, Inc. Candescent Healing was formed in 2009 by Candescent Partners, Harbert Capital, Gemini Investors and management.

Candescent Healing and RestorixHealth, both based in Tarrytown, NY, develop and manage comprehensive advanced wound care and hyperbaric treatment centers in collaboration with general acute care hospitals. The combined company, which will operate under the name RestorixHealth, represents one of the largest providers of wound care management services in the United States. As the demand for wound care services continues to grow, this transaction allows the combined company to provide industry-leading care to an increasing number of patients suffering from chronic wounds.

Sandy McGrath, Managing Partner of Candescent Partners, said “This transaction represents a successful exit for Candescent Healing, its investors and its management team. CEO Robert Nixon and his team built an excellent wound care company with collaborative hospital partnerships and positioned the company well to be a strong partner for RestorixHealth.”

Brentwood Capital was the exclusive financial advisor to Candescent Healing in this transaction.

About Candescent Partners, LLC

Candescent Partners is a Boston-based private equity firm that provides smart and innovative capital solutions to growth companies in the lower middle market in healthcare services, business services, software and consumer products and services. Steve Jenks and Sandy McGrath founded Candescent in 2008. Steve Sahlman joined the partnership in 2009. Candescent invests in businesses with annual EBITDA between $2 and $8 million and enterprise values between $10 and $75 million. For more information, visit:

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