Great Point Partners has recapitalized Little Spurs Pediatric Urgent Care, a provider of pediatric urgent care services. No financial terms were disclosed.
GREENWICH, CONN. AND SAN ANTONIO, TEXAS (PRWEB) APRIL 04, 2019
Great Point Partners (“GPP”) today announced a growth recapitalization of Little Spurs Pediatric Urgent Care, a leading provider of pediatric urgent care services, operating 12 clinics in Texas. The Company’s clinics treat children with acute illnesses or injuries in an urgent care setting, providing a convenient and cost-efficient alternative to emergency room treatment, while maintaining the highest quality of care.
“We first met Great Point in 2014 and we were immediately impressed with their deep knowledge of our market and health care expertise. Great Point’s unique insights into the pediatric urgent care market combined with their prior success in building leading health care services businesses make them the ideal partner for Little Spurs,” said Dr. Thomas Spurgat, CEO and Founder of Little Spurs. “With the help of the Great Point team, we are better positioned to achieve our goal of expanding our vital services to more patient populations, while maintaining the highest level of care for our patients and their families.”
“We are thrilled to form a partnership with Tom and the Little Spurs team to help accelerate their growth,” said Rohan Saikia, Managing Director at Great Point Partners. “Our partnership will allow the Company to grow its footprint and provide low cost and convenient access to more children in an urgent care setting.”
“Given the trend towards timelier access, higher quality, and lower costs within the U.S. health care system, the pediatric urgent care industry offers a strong value proposition to various constituents, especially children,” added Bret Tenenhaus, Vice President at Great Point Partners.
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with approximately $1.5 billion of equity capital currently under management and 28 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new private equity investments from GPP II, which closed on $215 million. Great Point manages capital in private (GPP I, $156 million and GPP II, $215 million of committed capital, and GPP III which has over $275 million in committed capital) and public (BioMedical Value Fund, approximately $1.1 billion) equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on biopharmaceutical services and supplies, outsourcing and alternate site care, pharmaceutical infrastructure and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. Reach Great Point at 203-971-3300 or http://www.gppfunds.com.
About Little Spurs
We created Little Spurs Pediatric Urgent Care because we realize that most patients waiting in the Emergency Room for treatment are not there for life threatening emergencies, yet still need care that is not available in most pediatric offices. We have assembled a skilled staff of pediatric emergency room experienced, board certified pediatricians, and experienced advanced practice practitioners who are highly qualified to take care of your child’s minor emergencies. Our Vision: To become the premier pediatric urgent care provider in Texas; offering care for all children in our communities. Our Mission: To provide excellent medical care to all pediatric patients; strive for high quality customer service, and become a destination workplace for medical professionals. Our Values: Compassion, Respect, Teamwork, Dedication, Communication and Quality Care. Learn more at https://www.littlespurspedi.com.