Dos Rios Partners Finances Family ER + Urgent Care's Acquisition of Texas Emergency Care Centers and ER Centers of America
DALLAS, Aug. 10, 2016 /PRNewswire/ -- Dos Rios Partners ("Dos Rios"), a Texas-based private-equity firm, has partnered with Family ER + Urgent Care to acquire Texas Emergency Care Centers ("TECC") and ER Centers of America ("ERCA"). Dedicated to providing high quality, fairly priced emergency and urgent care services, the combined company will have six facilities in the Dallas, Houston and Lubbock metropolitan areas; five offering emergency room services and one offering both emergency room and urgent care services. Each of the emergency room facilities are licensed by the State of Texas, Joint Commission and COLA accredited and CLIA certified.
"Family ER + Urgent Care, ERCA and TECC were each founded upon a commitment to excellence in patient care and satisfaction," says Scott Pickett, Chief Executive Officer of Family ER + Urgent Care. "It was only natural that they would come together to establish a more comprehensive model to meet the unscheduled healthcare needs for our communities, whether emergent or urgent care."
Each of the company's facilities will continue to operate under their current names. "The highly trained and extensively experienced personnel at Family ER + Urgent Care, TECC, and ERCA are committed to providing the highest quality of care to our patients." says Rhonda Sandel, previously Chief Executive Officer of TECC and now Chief Operating Officer of the combined company. "Every one of our facilities are focused on improving the health of our local communities and the advancement of the healthcare industry as a whole. We are excited about growing in this industry together."
According to Dos Rios Partner Jay Turner, "our country's healthcare system is changing, and we saw Family ER's hybrid ER and urgent care strategy as a compelling investment opportunity. We are gratified to be able to assist in bringing together these companies and their teams to execute a growth strategy focused upon meeting patients' unscheduled healthcare needs."
ABOUT DOS RIOS PARTNERS
Dos Rios Partners is a Texas-based private equity partnership formed to invest in the junior (i.e., common, preferred and/or mezzanine) securities of proven, growing niche businesses with approximately $2 – $10 million in EBITDA, generally alongside strong, motivated sponsors and management teams. Dos Rios can help these small businesses with either control or non-control transactions.
Dos Rios is strategically located in three major metropolitan areas and five major cities (i.e., Austin/San Antonio, Dallas/Fort Worth and Houston).
For questions or inquiries, please contact Jay Turner or Kevin Glomb at (214) 224-0907 or visit http://www.dosriospartners.com.
Dos Rios was represented in the transaction by Schiff Hardin (legal).
SOURCE Dos Rios Partners
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