Fulcrum Equity Partners Announces Recapitalization of Athens-based CarePlus Medical Corporation
Monday, September 12th, 2016
Fulcrum Equity Partners, Level Capital Partners and the management team of CarePlus Medical Corporation announced the recapitalization of CarePlus. Founded in 2010 and based in Athens, Georgia, CarePlus is a leading provider of outsourced anesthesia management and healthcare provider recruitment services to ambulatory surgery centers.
CarePlus Co-founders Paul Weir and Dr. John Morgan, M.D., along with the rest of the company’s management team, will remain significant owners in CarePlus and will continue to service and manage the network of ASCs partnered with the company. Dan Kohl, a longtime healthcare services executive, has joined the company as CEO. Kohl will partner with management to further advance CarePlus’ market-leading service offerings and reputation for client satisfaction.
“We’re excited to partner with Fulcrum and Level,” said CarePlus Co-founder Paul Weir. “Their collective history and expertise in building multi-site healthcare services organizations will be invaluable to us as we continue to focus on providing exceptional service to our clients and further expanding our business.”
CarePlus Co-founder John Morgan added, “After a thorough vetting of our options for accelerating growth, we’re confident that we’ve partnered with a great team of executives and sponsors. We’re eager to continue to build on the strong capabilities of the company.”
“Fulcrum has had prior success in outsourced healthcare services and was seeking another opportunity in the space. CarePlus really stood out due to its deep client relationships, highly scalable platform and growth opportunities,” said Fulcrum Partner Tom Greer. “The caliber and breadth of the management team further validated the investment opportunity for Fulcrum.”
“CarePlus provides a strong value proposition to its clients and patients within a market experiencing impressive growth trends,” said Level Partner Steve McGrath. “We’re thrilled to partner with CarePlus management as well as Fulcrum in building on the success of the company to date.”