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Carrick Buys Majority Stake in Kidney Firm

Carrick Capital Partners, a Newport Beach private equity firm with more than $1 billion in assets under management, has acquired a majority stake in Renalogic, a company that helps businesses reduce employee healthcare costs involving kidney disease and protects against related financial risks.

Phoenix-based Renalogic uses data-management tools to help clients identify employees who are at risk of chronic kidney disease and therefore are candidates for early intervention to deliver better health outcomes and significant savings. It’s a disease where the industry has struggled to reduce costs, Carrick said.

Carrick plans to help Renalogic expand its services to cover other diseases and treatments like cancers and organ transplants that pose financial risks to self-insured businesses.

Renalogic, which has 60 employees, declined to reveal annual revenue. Its 2019 EBITDA grew 195% over 2018 and 2020 EBITDA grew another 63% over 2019. 

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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