Emerus Holdings, a The Woodlands, TX-based provider of inpatient and diagnostic care in partnership with health systems, received a strategic investment from Welsh, Carson, Anderson & Stowe (Welsh Carson), a health care investment firm.
The amount of the transaction was not disclosed. In conjunction with it, Austin Ventures, Emerus’ equity partner, will divest its position.
The company will use the proceeds to expand its business and create an $11 million charity fund, which is being established to benefit the communities throughout the Emerus network of facilities.
Led by Dr. Toby Hamilton, CEO, Emerus partners with health systems to bring patient-centric acute episodic and ambulatory clinical services to communities across a given market. Emerus specializes in the identification, development and management of improved-access and operationally efficient medical facilities throughout the United States.
Emerus has a presence in metropolitan areas across the country with health system partners including Baylor Scott & White Health, Baptist Health System, SCL Health, and Trinity Mother Frances with more than 20 additional locations currently under development in both new and existing markets.
The company has more than 1,000 employees, with expert concentrations in over 20 different fields throughout the medical industry.