Specialist Private Equity  ·  Europe & North America

The specialist healthcare investor defined by scientific expertise.

Salus is a specialist lower mid-market private equity firm, focusing on transatlantic healthcare opportunities across pharma services, life science tools and medtech. Investing primarily across Europe as well as North America where deep scientific expertise, bilateral deal access, hands-on value acceleration and regional & transatlantic expansion create outsized returns.

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Lower Mid-market
Focus
Europe & North America
HQ Platform Geographies
United Kingdom
Headquartered
Pharma Services · Life Science Tools · Med Tech · Pharma · Healthcare IT
Sectors we target
Where we invest

A focused thesis across technical sub-sectors.

We invest in lower mid-market healthcare businesses where specialist scientific knowledge, deep sector networks and geographic expansion enable true value acceleration, alongside the hallmarks of what makes lower-mid-market companies attractive investment propositions.

Our mandate deliberately excludes generalist areas such as patient services, primary care or consumer healthcare. Specialist focus is a permanent and defining feature of our strategy, grounded in expertise and experience unique to our team.

Europe
North America
Platform Geographies
Europe North America
Platform Growth
Inter-regional Transatlantic Global
Experience

All Partners' platform experience reflects a broader strategic thesis, where inter-regional & transatlantic expansion have been a consistent feature across all investments, with originations and exits executed on both sides of the Atlantic.

Target Sectors
Core
Pharma Services

Asset-light pharma services spanning the full drug development and commercialisation lifecycle. High barriers to entry driven by scientific credibility, regulatory expertise and sticky client relationships.

CDMOCROMedical AffairsRegulatory AffairsMore
Core
Life Science Tools

The enabling infrastructure of modern life science research and diagnostics. Sticky recurring revenue, deep customer integration and strong installed-base effects create durable competitive moats.

CellomicsProteomicsGenomicsMolecular DiagnosticsMore
Core
Med Tech

Technically differentiated devices and manufacturing services with strong IP, clinical evidence and established reimbursement pathways. Scientific differentiation and regulatory complexity create high and durable barriers to entry.

CMODevelopment ServicesCROMore
Investment philosophy

Investing at the intersection of scientific complexity and strategic growth, backing healthcare companies with a scientific edge and scalable growth potential both regionally and transatlantic. Founded with medical expertise and deep private equity experience, the team reflects a rare and deliberate combination of scientific, investment and operational expertise and believes in actively driving hands-on value creation. Intellectual honesty is at the core of what Salus does.

Salus Capital  ·  Founding Partners
3%
A commitment beyond capital. The founding partners pledge 3% of all carried interest to charitable causes. A founding principle of Salus Capital, not an afterthought.