GTCR has announced it has acquired Biocoat Holdings.

Biocoat, based in Horsham, Pa., is a provider of medical coatings products and services for medical devices in the interventional sector. Founded in 1991, the company specializes in biocompatible hydrophilic coatings.

GTCR, based in Chicago, pursues a wide range of investments in several industries, including healthcare. Founded in 1980, the firm prefers to make more substantial investments from a dollars perspective.

Terms of the acquisition were not disclosed.