Addition of vH essentials® bolsters
scale, portfolio diversity, and provides opportunities to
accelerate WellSpring's fast-growing Women's Health segment
SARASOTA, Fla., Aug. 1, 2024 /PRNewswire/ --
WellSpring Consumer Healthcare ("WellSpring"), a developer and
marketer of leading over-the-counter ("OTC") and personal care
brands, today announced the acquisition of vH
essentials® from Wisconsin Pharmacal Company. Financial
terms of the transaction were not disclosed. WellSpring Consumer
Healthcare is a portfolio company of Avista Healthcare Partners
("Avista"), a leading middle-market healthcare private equity firm
with expertise in building growth-oriented healthcare
businesses.
vH essentials® offers a comprehensive portfolio of
OTC products for women's intimacy care. vH essentials®
offers product lines designed for every-day problem solutions,
including protection ("Relieve"), daily support ("Maintain"), and
clean and reset solutions ("Refresh"). The brand's differentiated
and clinically-backed portfolio, enhanced focus on consumer
relationships, and supportive messaging around women's health have
reinforced vH essentials® as the "go-to" brand for
feminine intimacy care. The brand's products are distributed
through an extensive network of leading brick-and-mortar retailers
and e-commerce channels such as Amazon.
Chris Brown, CEO of WellSpring,
said: "We are thrilled with the addition of vH
essentials®. WellSpring's women's health franchise is
now anchored by two scaled high-growth brands, vH
essentials® and FDS®, with exciting and
compelling opportunities to accelerate growth in retail and
e-commerce channels. vH essentials® aligns with our
core mission to improve the health and wellness of our consumers,
and this acquisition helps to unlock the next leg of growth for
WellSpring."
Alex Yu, Partner at Avista
Healthcare Partners, said: "The addition of vH
essentials® to the WellSpring portfolio is exciting
in many respects, as it adds another established, growing OTC brand
to the portfolio, drives scale to the platform, and provides
Wellspring with an additional avenue to launch impactful innovation
to help address consumers' self-care needs in women's health."
Fred Duchin, Chairman of
WellSpring and a Strategic Executive of Avista, said: "This
acquisition is highly synergistic and a logical strategic fit
within the WellSpring portfolio, which focuses on the therapeutic
skincare, digestive remedies and women's health categories. vH
essentials® is an established brand trusted by
consumers for efficacious products, and we are excited for the
WellSpring team to build upon the brand's strong foundation."
The acquisition of vH essentials® represents
WellSpring's second add-on acquisition since Avista's initial
investment in August 2022, following
a portfolio acquisition of A+D® and
Solarcaine® from Bayer AG in April 2023.
ABOUT WELLSPRING CONSUMER HEALTHCARE
Founded in 1999 in Sarasota,
Florida, WellSpring develops and markets a diversified
portfolio of trusted OTC brands in the U.S. and Canada, with several that enjoy leading
positions in important needs-based product segments such as
therapeutic skincare, digestive health and women's health. The
WellSpring portfolio includes well-known therapeutic skincare
brands such as A+D® (diaper rash and skin protectant),
Bactine® (germ-focused skincare) and
Solarcaine® (medicated sunburn relief), category-leaders
in digestive health such as Bonine® (motion sickness)
and Emetrol® (anti-nausea), and established women's
health brands such as vH essentials® (intimacy care) and
FDS® (intimacy care + body sprays). WellSpring is an
established consumer healthcare platform with a sophisticated
omni-channel distribution network that includes leading brick and
mortar and e-commerce retailers, a robust new product innovation
infrastructure, and a strong growth trajectory. Learn more
at https://wellspringpharm.com/.
ABOUT AVISTA HEALTHCARE PARTNERS
Founded in 2005, Avista Healthcare Partners is a
leading New York-based private equity firm with over $8
billion invested in nearly 50 growth-oriented healthcare
businesses globally. Avista partners with businesses across the
healthcare space that feature strong management teams, stable cash
flows and robust growth prospects – targeting businesses with clear
scale potential across six sub-sectors experiencing strong
tailwinds. The team is supported by a group of seasoned Strategic
Executives enhancing the entire investment process through
strategic insight, operational oversight and senior counsel, which
helps drive growth and performance, while fostering sustainable
businesses and creating long-term value for all stakeholders. For
more information, visit www.avistacap.com or
follow Avista on LinkedIn.
Media contacts:
Daniel Yunger / William Halliday
Kekst CNC
daniel.yunger@kekstcnc.com /
william.halliday@kekstcnc.com
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SOURCE WellSpring Consumer Healthcare