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Covalent Health

Covalent Health Makes Inc. 5000 List for Seventh Year in a Row

Three EMTs in uniform stand smiling with the Golden Gate Bridge and San Francisco Bay in the background on a partly cloudy day, celebrating Covalent Health’s seventh year on the Inc. 5000 list.

Covalent Health (ProTranport-1) Named To Inc. Magazine’s List Of America’s Fastest-Growing Private Companies

New Heritage Capital is pleased to announce that Covalent Health (ProTransport-1) was named to Inc. magazine’s 36th annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies, for the seventh straight year.  Full article is here.

About Covalent Health

Through its specialized logistics functions, tech-enabled processes and inter-facility transportation network, Covalent Health improves patient care, streamlines processes and reduces cost for its healthcare providers.  Covalent Health has experienced significant organic and acquisition growth, completing acquisitions in California, Texas and Illinois.

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Icelandirect

Icelandirect Acquires SOMA LABS, Significantly Expanding Dosage Form Manufacturing Capabilities for Human and Pet Supplement Brands

Icelandirect, LLC (“Icelandirect”), a portfolio company of New Heritage Capital, has acquired SOMA LABS, a New Jersey-based supplement manufacturer specializing in solid dosage form production. The transaction closed in February 2026.  The acquisition is a direct investment in capability — expanding what Icelandirect can build, manufacture, and deliver for its clients across both the human nutrition and pet supplement markets.
New Heritage Capital

New Heritage Capital Earns 2025 Private Equity Investing Solution of the Year

For many founder-owners, the traditional path to private equity capital has always involved a difficult trade-off—sell a majority ownership stake to gain the desired liquidity but relinquish control to the new investors. For decades, successful founder-owners have accepted that trade-off between liquidity and control.
FMS Solutions

FMS Solutions Acquires Merchants Accounting Services and AMP Services

August 12 , 2025 – Boston, MA – FMS Solutions (“FMS”), a New Heritage Capital (“Heritage”) portfolio company, announced it has made a substantial new market entry into the restaurant accounting…