Company Overview
Founded in 1997, FFL (historically “Friedman Fleischer & Lowe”) is a focused private equity firm investing in healthcare and tech-enabled services, partnering with “healthy, growing” middle-market businesses.
Company focus
What kinds of companies?
- Two core verticals: Healthcare + Tech-enabled services
- Emphasis on growth + operational execution (they explicitly position as “expert partners for growing middle-market businesses”).
Stage / structure / check size
- Typically invests in middle-market companies (not early-stage biotech/VC).
- Typical equity commitment: $50M–$200M per transaction (larger selectively).
- Control or significant minority transactions (explicitly stated in Fund V announcement).
Portfolio Companies (Selections)
- Apex Infusion — Ambulatory suite + home infusion therapies (IVIG, specialty infusion).
- Autism Learning Partners — Autism spectrum disorder therapy (ABA + speech/OT/PT).
- Community Medical Services — Medication-assisted treatment + behavioral therapy platform.
- Janus RX — Closed-door behavioral pharmacy; FFL’s investment announced Oct 23, 2025.
- Johnson County Clin-Trials — Clinical trial site platform (Phase I–IV; incl. first-in-human).
- New Look Vision Group — Optical retail + eye care services network (Canada; expanding into US).
- One Senior Care — PACE (all-inclusive care for the elderly) operator.
- Perlman Clinic — Advanced primary/urgent/peds + integrated services; mixed payment models.
- U.S. Orthopaedic Partners — Orthopedic MSO partnering with physician practices (SE US).
- WellStreet Urgent Care — Urgent care center platform.
(FFL also lists multiple exited healthcare investments such as EyeCare Partners, Eyemart Express, Guardian Home Care, etc., on the same portfolio page.)
Key personals
Founders (per FFL team + background sources):
- Spencer Fleischer — Co-founded in 1997; serves as Chairman.
- Tully Friedman — Co-founder (background noted in third-party firm history).
- David Lowe — Co-founder (background noted in third-party firm history).
- Christopher Masto — Co-founder (background noted in third-party firm history).
Current Managing Partners (from FFL team page):
- Chris Harris — Leads healthcare investing; responsible for overall firm management.
- Cas Schneller — Leads tech-enabled services investing; responsible for overall firm management.
