ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, announced on June 16 that its portfolio company, Altus Community Healthcare, acquired Exceptional Emergency Center.
Exceptional Emergency Center is a community based provider of freestanding emergency centers operating 14 locations across Texas. The company has locations in Beaumont, Orange, Port Arthur, Harlingen, Livingston, Brownsville, Amarillo, Lubbock, Tyler, Fort Worth and Garland.
Altus Community Healthcare is an integrated network of hospitals, care centers, physicians and services providing affordable patient care across Texas. Atlus operates six locations in Austin, in addition to four Altus Emergency Centers in Baytown, Lake Jackson, Lumberton and Waxahachie.
Adding to the company’s existing healthcare portfolio, this acquisition makes Altus Community Healthcare the largest operator of freestanding emergency centers in Texas with 30 locations throughout the state. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this represents the fifth acquisition of a freestanding emergency room in 2023. This is already an increase over last year, when one freestanding emergency room acquisition was announced between January 1, 2022, and June 16, 2022.
