Chicago-based private equity firm Waud Capital Partners said one of its portfolio companies, Cincinnati-based CarePoint Partners, has acquired ivA Lifetec, a Houston health-care services company.

The deal marks CarePoint’s 10th acquisition in three years and its entry into the Houston market.

Waud formed CarePoint in 2007 to provide home infusion therapy, which allows patients to receive medications using intravenous, subcutaneous and epidural methods without the inconvenience or cost of a hospital visit. CarePoint provides home infusion therapy and specialty pharmacy services in eight states; Illinois isn’t among them.

Terms of the deal weren’t disclosed.

In conjunction with the acquisition, CarePoint received $27 million in senior debt financing from Chicago-based Madison Capital and from Amalgamated Capital.

Waud was founded in 1993 and seeks to invest $10 million to $100 million in private companies in the following four areas: healthcare services, business and consumer services, specialty distribution and industrial businesses.