- Revelstoke’s initially invested in Fast Pace in August 2016
- Brentwood Capital Advisors LLC served as financial advisor to First Care
- Revelstoke invests in the healthcare and related business services sectors
Fast Pace Health, a portfolio company of Revelstoke Capital Partners,, has invested in First Care Clinics, a provider of accessible and cost-effective healthcare to underserved and uninsured in rural communities throughout Tennessee, Kentucky, Mississippi, Louisiana, and Indiana. No financial terms were disclosed.
“We are thrilled to partner with First Care to increase access to high-quality, affordable healthcare in our rural communities,” said Greg Steil, president and CEO of Fast Pace, in a statement. “First Care’s focus on its patients in a family friendly environment fits perfectly with Fast Pace’s culture. We are excited about expanding services in our communities and working towards solving America’s rural healthcare problem through our multi-specialty services and innovative care coordination model.”
First Care Clinics will be rebranded as Fast Pace in the upcoming months.
Since Revelstoke’s initial investment in Fast Pace in August 2016, Fast Pace has grown its clinical footprint from 35 clinics in two states to over 200 clinics in six states, increasing access to healthcare for millions of vulnerable rural Americans.
Brentwood Capital Advisors LLC served as financial advisor and Waller Lansden Dorch and Davis, LLP was the legal counsel for First Care. Paul Hastings LLP provided legal counsel for Fast Pace.
Revelstoke invests in the healthcare and related business services sectors. Based in Denver, Revelstoke has approximately $4.8 billion of assets under management. Since the firm’s inception in 2013, Revelstoke has completed 158 acquisitions, which includes 25 platform companies and 133 add-on acquisitions.