December 20, 2017 (Boston, MA) – Covington Associates LLC, a leading middle market investment bank announced its role as exclusive advisor to SoClean, Inc. (“SoClean”), creators of a direct-to-consumer in-home cleaning device for CPAP machines based in Oxford, MA, in its recapitalization by DW Healthcare Partners (“DWHP”), a healthcare-focused private equity firm.
SoClean offers a direct-to-consumer in-home cleaning device for CPAP machines that improves health outcomes and quality of life for those suffering from obstructive sleep apnea (“OSA”) and other sleep disorders.
Andrew Carragher, Co-Founder and Managing Partner of DWHP, said, “SoClean has revolutionized the way that CPAP machines are cleaned. We are excited to back a product that provides such substantial value to its users.”
“We believe that DWHP is the ideal partner to take SoClean to the next level.” said Robert Wilkins, CEO of SoClean. “We believe an aggressive growth strategy can provide improved health worldwide to those suffering from OSA.”
About Covington Associates LLC
Covington Associates is an investment banking firm offering advisory services in the areas of mergers and acquisitions (“M&A”), capital raising, strategic advisory, fairness opinions, and valuations to middle-market companies across the Healthcare, Business Services, Consumer & Industrial, and Technology verticals. Founded in 1991, with offices in Boston, the vision for Covington has been to provide clients with the highest caliber of senior-level attention and to remain an advice driven and results focused organization. Since its inception, Covington Associates has completed more than 200 transactions globally for both private and publicly traded companies totaling over $15 billion.
About DW Healthcare Partners
DW Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. The firm manages over $800 million in committed capital and invests in profitable healthcare companies with proven management teams. DW Healthcare Partners is led by seasoned healthcare executives with more than 110 years of combined industry experience. The firm provides the capital, strategic guidance, and acquisition expertise to help mid-to-late-stage companies realize their potential for growth. For more information visit, http://dwhp.com/.
About SoClean, Inc
SoClean Inc. is the creator of the world’s first automated CPAP cleaner and sanitizer, an innovative device that naturally sanitizes CPAP equipment without the need for disassembly, water or messy chemicals. It’s the safer, healthier way to breathe cleaner and have a better CPAP experience. SoClean Inc. is committed to improving the lives of individuals with obstructive sleep apnea (OSA) and other sleep disorders. As a global leader in sleep apnea cleaning solutions, they’re constantly innovating to serve the ever-growing needs of the sleep apnea community in an ethical and progressive manner. For more information visit, https://www.soclean.com/.
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