Rural Physicians Group has secured an undisclosed investment from Sorenson Capital with participation from Leavitt Equity Partners. Based in Las Vegas, Rural Physicians Group provides “value-rich” solutions to rural hospitals.
SALT LAKE CITY and LAS VEGAS (April 21, 2015) – Rural Physicians Group today announced a strategic investment partnership led by Sorenson Capital with additional support from Leavitt Equity Partners. This partnership will leverage Sorenson Capital’s extensive experience in accelerating growth of high performance companies and Leavitt Equity Partners’ expertise in healthcare, better positioning Rural Physicians Group to dramatically expand its reach and ability to support rural healthcare throughout the United States.
Rural Physicians Group partners with hospitals to keep patient care local by dramatically reducing the need to transfer patients to higher levels of care and enhancing patient safety and quality through improved continuity of care. RPG identifies the needs of the hospital both operationally and culturally and then selects a core group of 3 to 4 hospitalists that stay onsite 24/7 and rotate in 7 to 10 day shifts. Through the enhanced availability and accessibility of the hospitalists to patients, families, nursing, primary care physicians and surgeons, hospitals realize significant gains in operational performance enabling them to better care for the health and wellness of the community.
“Rural Physicians Group provides a value-rich solution to rural hospitals,” said Mark Ludwig, managing director at Sorenson Capital. “The company has a proven model that perfectly positions them for accelerated and sustained growth.”
“Our firm was built with the goal to support organizations seeking to bring clarity and value to a rapidly changing health care system,” said Michael Leavitt, former United States Secretary of Health and Human Services and chairman of Leavitt Equity Partners. “Rural Physicians Group has a very innovative and thoughtful approach to improving rural healthcare, and we look forward to putting our extensive experience to work in helping the company find new ways to unlock its full potential.”
“We couldn’t have asked for better strategic partners than Sorenson Capital and Leavitt Equity Partners,” said Sukh Pannu, M.D., Rural Physician Group’s founder and President. “They both bring very specific skill sets in terms of fostering growth in our organization. Because they truly understand the market need and how we are positioned to solve it, they provide us additional resources and direction to accelerate our outreach to rural America communities. Our hospitalist model is customized to fit the specific needs of each hospital, providing an improved patient experience and operational results.”
About Sorenson Capital
Sorenson Capital (www.sorensoncapital.com) is a private equity firm that makes small to middle-market buyout and growth equity investments. Sorenson Capital has over one billion in capital under management and typically makes investments of $10 to $40 million in companies with unique strategic positions. Sorenson Capital is managed and controlled by West Rim Capital and is based in Salt Lake City, Utah.
About Leavitt Equity Partners
Leavitt Equity Partners is a health care focused private equity fund leveraging the unique networks, expertise, and resources of Leavitt Partners, a health care intelligence consulting firm. The fund has the strategic initiative to collaborate and invest with well-respected, top-tier funds and work as value-added partners. Leavitt Equity Partners distinguishes capital by assisting its portfolio companies in strategy development, growth initiatives and implementation. (www.leavittpartners.com)
About Rural Physicians Group
Rural Physicians Group, a Las Vegas, Nevada-based organization, partners with Critical Access, Long Term Acute Care and Rural Community Hospitals to provide excellence in patient care and operational performance with its unique hospitalist and surgicalist models.