Bridges Consumer Healthcare (“Bridges”) was formed in partnership with consumer healthcare veterans Robert Long and Blair Ramey to build a market-leading consumer healthcare platform. In conjunction with its formation, Bridges acquired the North American rights to ThermaCare® HeatWraps (“ThermaCare”) from GlaxoSmithKline in 2019. ThermaCare is a portfolio of clinically proven heat wraps delivering fast, targeted relief of deep muscle, joint, and back pain. In early 2020, Bridges acquired Clarion Brands, a scale OTC business anchored by premier brands that target specialty conditions.
Co-founders Mr. Long and Mr. Ramey bring decades of experience driving growth in the consumer healthcare industry. Most recently they served as CEO and Head of Marketing & Innovation, respectively, for the North American division of Sanofi Consumer Healthcare (formerly Chattem, Inc.). As part of our efforts to identify investments in the consumer healthcare sector, Charlesbank developed a relationship with Mr. Long and Mr. Ramey in 2019 and subsequently evaluated multiple investment opportunities before the formation of Bridges and acquisition of ThermaCare. Bridges will capitalize on compelling industry trends and pursue additional acquisitions, including larger corporate carve-outs as well as the acquisition of individual brands and multi-brand portfolios.