Candescent Healing Raises $21.5M

9/23/09

Candescent Partners, an Boston investment firm, has raised $21.5 million in equity and mezzanine debt through a newly formed company called Candescent Healing to acquire an operator of 12 outpatient wound care facilities called the Center for Wound Healing and Hyperbaric Medicine, which has corporate offices on Long Island, Stephen Jenks, a founder and managing partner of Candescent Partners, tells Xconomy. Information about the financing first surfaced this week in an SEC filing. Jenks and Alexander “Sandy” McGrath, who is also a co-founder and managing partner of Candescent Partners, are listed as directors and executives of Candescent Healing in the SEC filing.

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