Nashville Capital Network, a partnership of 130 professional investors, has raised $25 million for their fourth fund. NCN Partners Fund will invest in promising startups. NCN also recently led a $6 million Series A financing round for Chicago-based Upfront Healthcare Services to help accelerate product development for the company's proprietary pre-visit technology and services to optimize medical appointments in advance.

Private equity firm Cressey & Co. has purchased a majority stake in StatLab Medical Products, which is based in Texas and has been in business since 1976. The company provides supplies for more than 3,000 pathology labs across the country.