An affiliate of private equity investment firm HIG Capital has made an investment in California Forensic Medical Group (CFMG), a provider of outsourced healthcare services for county jail inmates in California.
Since 1983 the company has provided California counties with healthcare services for county jail inmates. CFMG is based in Monterey, California, and has operations throughout California.
HIG has partnered with Dr Taylor Fithian, president and medical director, Elaine Hustedt, vice president of operations and personnel, and Dan Hustedt, vice president of finance.
“We have found a wonderful partner in HIG, who understands how important CFMG is to our customers and employees and shares our vision for continued prosperity for the company,” says Fithian.
Rob Wolfson, a managing director at HIG Capital, says: “We are very excited to invest in CFMG alongside its founding management team. Taylor, Elaine, and Dan are exceptional people and have built a best-in-class company that has differentiated itself by lowering healthcare costs while improving quality, enabling them to establish true partnerships with their county customers. CFMG and its employees place their customers (inmates and county corrections personnel) first and that focus will continue to be the key to CFMG’s success.”
