VeraNorth Redefines Healthcare Private Equity With RN Express Acquisition

HOUSTON--(BUSINESS WIRE)--Jun 10, 2025--

VeraNorth Capital Management, LLC (“VeraNorth”) today announced the official launch of VeraNorth Healthcare Private Equity Fund, L.P. (the “Fund”), an evergreen, NAV-based liquidity fund employing a hybrid strategy of growth equity and control investing. The Fund targets U.S. lower middle market healthcare services providers and aims to capitalize on powerful demographic tailwinds—including rising demand for senior care and persistent staffing shortages—to drive scalable, long-term value.

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Anchor Acquisition: RN Express

Coinciding with the launch, VeraNorth has acquired RN Express Registry, LLC (“RN Express”), a leading New York-based clinical staffing company. Founded in 2009, RN Express is a top provider of nursing personnel in Manhattan, with recurring revenue and significant growth potential. The Fund will support RN Express’ organic growth while pursuing a roll-up strategy across sectors such as urgent care centers, skilled nursing facilities, pharmacies, and hospices.

Leadership Perspective

“RN Express is the ideal partner to anchor our healthcare-focused strategy—delivering critical staffing solutions and scalable growth,” said Troy Reed, President & Chief Executive Officer of VeraNorth Capital. “Our evergreen structure empowers us to build enduring partnerships while delivering superior risk-adjusted returns and consistent liquidity for our Limited Partners.”

Fund Structure Highlights

The Fund’s evergreen structure offers greater flexibility and alignment than traditional private equity models, featuring:

In contrast to conventional 10-year funds, VeraNorth’s structure enables sustainable growth through long-term partnerships, operational enhancements, and strategic add-on acquisitions—delivering a more investor-centric alternative to legacy PE models.

About VeraNorth Capital Management, LLC

VeraNorth Capital Management, LLC is a Houston-based private equity firm specializing in control-oriented healthcare investments. The firm partners with founder-led businesses to scale essential healthcare services while generating long-term value for investors.

About RN Express Registry, LLC

Founded in 2009, RN Express Registry, LLC is a leading clinical staffing provider, serving healthcare facilities across Manhattan with reliable, high-quality nursing personnel to meet sustained clinical demand.

VeraNorth's evergreen fund model, featuring NAV-based liquidity, long-term partnerships, operational value creation, and quarterly performance crystallization.

VeraNorth's healthcare private equity investment strategy visualized as a roll-up approach targeting urgent care centers, skilled nursing facilities, pharmacies, and hospices.

RN Express clinical staffing snapshot highlighting the company's presence in Manhattan, key nursing solutions, and its role as the anchor acquisition for VeraNorth Healthcare Private Equity Fund.

A Ukrainian drone strike killed one person and wounded three others in the Russian city of Voronezh, local officials said Sunday.

A young woman died overnight in a hospital intensive care unit after debris from a drone fell on a house during the attack on Saturday, regional Gov. Alexander Gusev said on Telegram.

Three other people were wounded and more than 10 apartment buildings, private houses and a high school were damaged, he said, adding that air defenses shot down 17 drones over Voronezh. The city is home to just over 1 million people and lies some 250 kilometers (155 miles) from the Ukrainian border.

The attack came the day after Russia bombarded Ukraine with hundreds of drones and dozens of missiles overnight into Friday, killing at least four people in the capital Kyiv, according to Ukrainian officials.

For only the second time in the nearly four-year war, Russia used a powerful new hypersonic missile that struck western Ukraine in a clear warning to Kyiv and NATO.

The intense barrage and the launch of the nuclear-capable Oreshnik missile followed reports of major progress in talks between Ukraine and its allies on how to defend the country from further aggression by Moscow if a U.S.-led peace deal is struck.

Ukrainian President Volodymyr Zelenskyy said Saturday in his nightly address that Ukrainian negotiators “continue to communicate with the American side.”

Chief negotiator Rustem Umerov was in contact with U.S. partners Saturday, he said.

Separately, Ukraine’s General Staff said Russia targeted Ukraine with 154 drones overnight into Sunday and 125 were shot down.

Follow the AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine

This photo provided by the Ukrainian Security Service on Friday, Jan. 9, 2026, shows a fragment believed to be a part of a Russian Oreshnik intermediate range hypersonic ballistic missile that hit the Lviv region. (Ukrainian Security Service via AP)

President of Ukraine Volodymyr Zelenskyy, second left, listens to British Defense Secretary John Healey during their meeting in Kyiv, Ukraine, Friday, Jan. 9, 2026. (AP Photo/Danylo Antoniuk)