Physician Housecalls LLC, has received an investment from Council Capital, a healthcare-focused private equity firm based in Nashville.
Physician Housecalls provides home-based primary care services at private residences, assisted living centers and independent senior apartments. The company employs teams of physicians, nurse practitioners and physician assistants who provide comprehensive, compassionate and tailored medical care to homebound patients who are most often geriatric and/or chronically ill. In addition to primary care provided in-person and via virtual visits and telehealth services, Physician Housecalls offers annual wellness visits, chronic care management, care plan oversight, transitional care management, cognitive assessments and behavioral health integration.
Physician Housecalls’ expert chronic disease management and individualized care-plan development/ management greatly reduce emergency room, hospital and nursing home admissions, as well as specialist visits. The company is headquartered in Oklahoma and operates across Oklahoma and Kansas.
“Home-based primary care is an investment theme we have been investigating for more than a year,” said Eric Keen, general partner at Council Capital. “Physician Housecalls offers an innovative and effective service that greatly improves the patient’s quality of care and satisfaction, reduces costs to the healthcare system and creates a more meaningful practice experience for providers. We are excited to partner with the management team at Physician Housecalls and look forward to enhancing the organization and serving more patients.”
Physician Housecalls co-founder and CEO Hank Ross said the investment will drive the company forward.
“We believe this partnership with Council Capital is a strong strategic fit for Physician Housecalls,” Ross said. “We are excited to leverage Council’s healthcare expertise, especially among the members of the CEO Council, to help guide our growth and to support continued investments in our capabilities. Council’s ability to help us grow quickly, including the operational support they have in place for portfolio companies, led us to choose them as a partner.”
Terms of the transaction were not disclosed.
About Council Capital
Council Capital is a healthcare-focused private equity firm based in Nashville, Tennessee. Council Capital invests in lower middle market healthcare-related companies where it can drive growth by applying its Council Model, which draws upon the resources and experience of its CEO Council (experienced industry executives), Strategic Healthcare Investors, and Shared Portfolio Executives. Council Capital leverages its Council Model to attract and support leading management teams and portfolio companies on the ‘right side’ of change in the healthcare industry – where growth will accelerate as cost pressure and quality demands increase. Council Capital targets control and minority investments with enterprise values between $10 million and $50 million. For more details, please visit www.councilcapital.com.