Anteris Technologies

Anteris Technologies

Founded in 1999 by Wayne Peters, Anteris Technologies began as a technology implementation partner for mid-market enterprises, operating out of the Twin Cities. The firm has since evolved into a holding company that acquires and operates small service-based businesses in healthcare IT, government services, and compliance software, typically from founders seeking liquidity without a private-equity exit. Anteris deploys capital exclusively from its balance sheet, targeting cash-flowing service companies with $2M to $10M in revenue and sticky recurring-client bases. Its portfolio includes a Minnesota-based medical billing platform and a regulatory compliance software provider serving state Medicaid agencies. The firm does not raise outside funds or syndicate deals, and it holds acquisitions indefinitely, reinvesting operating profits into bolt-on acquisitions. Geographically, the portfolio concentrates in the Upper Midwest and the Mid-Atlantic. Total assets under management remain undisclosed, though the firm has completed at least eight acquisitions since 2015, per public record. Peters leads all investment decisions with a lean internal team. The firm operates no adjacent philanthropic vehicles or club memberships under the Anteris brand. In September 2023, the firm closed its acquisition of a healthcare credentialing software vendor serving regional hospital systems in Wisconsin and Illinois. Anteris's structural differentiator is its permanent-hold model: the firm acts as a buyer of last resort for founder-run services businesses, competing against private-equity-backed platforms by offering indefinite stewardship rather than a three-to-five-year exit horizon. This patient-capital posture sets it apart in the lower-middle-market healthcare-tech roll-up space, where institutional timelines typically dictate eventual resale.