Hayfin Capital Management, an alternative asset management firm, completed the acquisition of Avadim Health, a healthcare and wellness provider, for $70m. "This successful Chapter 11 process has allowed Avadim to address its short-term liquidity issues while preserving its sound underlying business and strong product portfolio. We have been convinced of Avadim's growth potential since first lending to it in 2018 and as the new shareholder we remain fully supportive of the business and the hugely important work it does. Our specialist healthcare investment team has a proven track record of backing ambitious companies like Avadim and we are excited to continue partnering with them to help fund their growth ambitions and bring new products to market," Howard Rowe, Hayfin Capital Management Managing Director and Head of Healthcare.