HealthTronics Announces Successful Recapitalization and New Investment Partnership

ROUND ROCK, Texas, Aug. 20, 2025 /PRNewswire/ -- HealthTronics, LLC, a leading provider of kidney stone management solutions to urologists, health systems, and patients, today announced the successful recapitalization of the company and a new equity investment from Secretariat Capital. This milestone marks the next phase of growth for the company, following strong business performance and operational momentum.

The recapitalization strengthens HealthTronics' financial position and supports continued investment in its people, technology, and customer solutions.

"This is a natural and exciting step forward for HealthTronics," said Bill Linder, CEO of HealthTronics. "It reflects the progress we've made and the confidence our new partners have in our strategy, leadership, and team. We're looking forward to what we can accomplish together."

"We're thrilled to partner with HealthTronics at this exciting stage in the company's journey," said Chris Wu, Managing Member of Secretariat Capital. "The leadership team has built an exceptional healthcare business with strong physician and health system partnerships, a clear vision, and a culture of operational excellence. We're excited to support HealthTronics' continued growth and long-term success."

About HealthTronics, LLC

HealthTronics, LLC is the leader in kidney stone management, offering the best-in-class nationwide platform for urologists and health systems to access cutting-edge stone treatment technologies with unmatched clinical expertise and operational excellence.

For additional information, please visit www.healthtronics.com 

About Secretariat Capital

Secretariat Capital invests debt and equity capital in high-quality businesses that have reached a strategic, financial, or operational inflection point, and stand to benefit from recapitalization. Secretariat's investment approach is predicated on creating value through solving identifiable issues in businesses leading to stability and growth. Secretariat strives to support each of its invested companies to be a leader in their industry segment and to grow through organic development or strategic acquisitions.

For additional information, please visit www.secretariat.capital 

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SOURCE HealthTronics, LLC