Shore Capital Partners said April 18 that it invested in Hulin Health LLC. Financial terms weren’t announced. Hulin, of Lafayette, Louisiana, provides urgent care services in that state and the broader Gulf Coast region.
LAFAYETTE, La.–(BUSINESS WIRE)–Shore Capital Partners, a Chicago-based private equity firm focused on the healthcare industry is pleased to announce an investment in Hulin Health, LLC (“Hulin” or the “Company”). Founded in 2011, Hulin is a leading provider of urgent care services in Louisiana and the broader Gulf Coast region.
Shore has partnered with founder and CEO Clayt Hulin who continues to lead Hulin Health through a period of tremendous growth while also maintaining a strong commitment to clinical excellence. Clayt founded Hulin following 13 years as an emergency medicine healthcare provider and after serving in the Army Special Forces and multiple Special Operations units. The company’s services include treatment of fractures / lacerations, basic lab work, occupational health, infection treatment, gynecological testing, x-rays and travel vaccines. Hulin operates three urgent care centers in Louisiana and plans to open four to six additional clinics in 2018 throughout the state. Potential new markets include Lafayette, Iberia, Eunice, Opelousas, Lake Charles and Sulphur.
“We believe Shore is the ideal partner to help Hulin Health become a premier urgent care provider on the Gulf Coast,” said Mr. Hulin, who will remain as CEO of Hulin Health and maintain a significant ownership position. “From day one, we have been committed to providing a unique experience for both patients and team members. We are excited for the opportunity to bring our legendary service to new customers in more markets. Shore’s support of strategic growth initiatives and proven expertise in partnering with family-owned healthcare service businesses is impressive. We look forward to increasing our growth through de novos and select add-on partnerships.”
In conjunction with Shore’s investment, a highly experienced Board of Directors has joined Hulin Health to help execute the company’s vision and growth plan. Joining Hulin are Cameron Perkins, an experienced urgent care operator and founder of FastMed Urgent Care; David Stern, former partner of Physicians Immediate Care and founder of Practice Velocity, a leading billing and EMR solution for urgent care clinics; Paul Rutledge, former president of HCA’s 61-hospital Center Group; Dino Eliopoulos, former CFO of MedExpress and current CEO of Behavioral Innovations; and Joe Matarese, founder and CEO of Medicus Healthcare Solutions.
“Hulin Health is a leader in central Louisiana and we share a vision with Clayt to grow the company into the premier urgent care provider of the Gulf Coast,” said Ryan Kelley, a Partner at Shore Capital Partners. “As evidenced by their outstanding net promoter scores, the company provides customers with exceptional care and a “WOW” experience. This focus on the customer sets Hulin apart from competitors and creates an excellent foundation for growth. We are pleased to have the opportunity to work with Clayt and his team to bring the Hulin experience to more markets throughout Louisiana and surrounding states.”
The investment in Hulin Health is from Shore Capital Partners Fund II, L.P., a $190 million investment vehicle raised in April 2017.
About Shore Capital
Shore Capital Partners is a Chicago-based private equity firm focused exclusively on lower middle market healthcare investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, and fund acquisitions. Shore has approximately $600 million of equity capital under management through various investment vehicles including the recently formed Shore Capital Partners Fund II, L.P. with $190 million of capital commitments. For more information, please visit www.shorecp.com.