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Surge Private Equity Completes Elite Clinical Network Acquisition
Surge Private Equity announced that it has formed a new strategic partnership with Elite Clinical Network. The transaction is valued at approximately $200 million and was closed with debt financing provided by affiliates of MGG Investment Group. Elite Clinical Network is an integrated platform currently operating a network of phase I-IV clinical research sites throughout California, Arizona and Nevada. The company has completed thousands of studies since its founding in 2003. Surge Private Equity is a Dallas-based private equity firm that seeks majority investments in growing businesses with $3 million to $30 million of EBITDA. It was founded in 2017. The deal advisors... Read More »
ZT Corporate Scoops up Six Freestanding Emergency Centers
ZT Corporate, a Houston-based private equity firm formerly known as ZT Wealth, won its stalking-horse bid to acquire six freestanding emergency centers in the Houston area, operating under the Neighbors Emergency Center brand. Founded in 1997, the firm owns and manages Altus Health, whose operations include a surgical hospital, cancer centers and three freestanding emergency centers, all in Texas. Neighbors was founded in Pearland, Texas in 2008 and opened its first center in 2009. At its peak, the company operated 33 centers across three states. However, increased competition, too much corporate overhead and “less favorable insurance payor conditions” led to financial... Read More »Schedule a demo
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