Welsh, Carson, Anderson & Stowe (WCAS) Majority Stake Acquisition of LIBERTY Dental Plan Corporation

Welsh, Carson, Anderson & Stowe Invests in Constitution Surgery Alliance

June 16, 2025

Healthcare Services

Welsh, Carson, Anderson & Stowe (WCAS) has made a strategic growth investment in Constitution Surgery Alliance (CSA), an independent developer and operator of ambulatory surgery centers. The investment will provide capital and healthcare scaling expertise to help CSA expand nationally; CSA currently manages 16 facilities across five states and performs over 100,000 procedures annually.

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in GovernmentCIO

November 2, 2020

IT Services

Welsh, Carson, Anderson & Stowe (WCAS) completed a strategic majority investment in GovernmentCIO, a provider of technology and digital solutions to the federal health IT market. The investment will fund organic growth and support a buy-and-build strategy to expand GovernmentCIO’s capabilities and customer footprint across federal health and adjacent federal IT markets.

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in EquiLend

January 18, 2024

Financial Services

Welsh, Carson, Anderson & Stowe (WCAS) has completed its majority acquisition of EquiLend, a global financial technology, data and analytics provider for the securities finance industry, following regulatory approvals in the U.S., UK and Ireland. Founding shareholders and customers — including Bank of America, BlackRock, Goldman Sachs, Morgan Stanley, National Bank of Canada, State Street and UBS — joined WCAS as owners; WCAS previously committed $200 million to support EquiLend's organic growth and acquisitions.

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in Leiters

November 9, 2021

Pharmaceuticals

Welsh, Carson, Anderson & Stowe (WCAS) acquired a majority ownership stake in Leiters, an FDA-registered 503B outsourced pharmaceutical compounding provider. WCAS invested alongside health system investors including Intermountain Ventures, Novant Health, Rex Health Ventures, Spectrum Health Ventures and UNC Health, while existing investors — including Kaiser Permanente Ventures, Mayo Clinic, Frazier Healthcare Partners, SV Health Investors and H.I.G. BioHealth Partners — made reinvestments to support Leiters' growth, facility expansion and new product development.

Welsh, Carson, Anderson & Stowe and Walgreen Co. Invest in Shields Health Solutions

July 31, 2019

Healthcare Services

Welsh, Carson, Anderson & Stowe (WCAS) and Walgreen Co. (Walgreens) made undisclosed equity investments in Shields Health Solutions to support the company’s national expansion and growth of its integrated specialty pharmacy model. The capital will help Shields expand into new disease states and enhance integrated service and technology offerings while accelerating partnerships with health systems nationwide.

Welsh, Carson, Anderson & Stowe Acquires Majority Stake in AIA Contract Documents

July 9, 2025

Cloud & SaaS

Welsh, Carson, Anderson & Stowe (WCAS) has made a majority investment in AIA Contract Documents (ACD), the leading risk-management and contract workflow platform for the architecture, engineering, and construction (AEC) industry. WCAS is partnering with The American Institute of Architects (AIA) and existing investor True Wind Capital, which will remain investors and strategic partners; terms were not disclosed.