Fulcrum and Level recap CarePlus

Fulcrum Equity Partners and Level Capital Partners have recapitalized Athens, Georgia-based CarePlus Medical Corp, a provider of anesthesia management and healthcare provider recruitment services. No financial terms were disclosed for the transaction that was also done with CarePlus management.


ATLANTA, Sept. 8, 2016 /PRNewswire/ — Fulcrum Equity Partners (“Fulcrum”), Level Capital Partners (“Level”) and the management team of CarePlus Medical Corporation (“CarePlus”) announced today 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 (“ASCs”).

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.”

About CarePlus
CarePlus Management, founded in 2010, provides market-leading anesthesia management and recruitment to ambulatory surgery centers. The team’s combined experience in practice management and healthcare recruiting makes it uniquely qualified to understand the complexities of its clients’ business, anticipate their needs, and efficiently manage each aspect of ambulatory anesthesia. More information can be found at www.careplusmp.com.

About Fulcrum Equity Partners
Fulcrum Equity Partners is a growth equity fund based in Atlanta, Georgia, that is focused primarily on healthcare services, information technology and technology enabled business service companies. Fulcrum provides equity financing to meet a wide range of needs, including internal growth initiatives, acquisitions, management buy-outs, shareholder liquidity and recapitalizations. Additionally, the partners have over 125 years of relevant experience, including operations, venture capital, mezzanine finance, accounting, law, investment banking and strategy consulting. To learn more, please visit www.fulcrumep.com.

About Level Capital Partners
Level is a private investment firm focusing on the recapitalization of lower-middle market companies at an inflection point for growth. Core characteristics of its portfolio companies include scalable infrastructure, asset-light operations, and defensible competitive advantages leading Level’s concentration into the business services, healthcare services, niche manufacturing, and technology sectors. Inquiries can be made at info@levelcp.com.