Council Capital invests in Physician Capital
Council Capital, a healthcare-focused private equity firm based in Nashville, has invested in Physician Housecalls,. Terms of the transaction have not been disclosed.
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 both in-person and virtual visits via telehealth, 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 individualised care-plan development/management greatly reduce emergency room, hospital and nursing home admissions, and specialist visits. Physician Housecalls is headquartered in Chickasha, Oklahoma and operates across Oklahoma and Kansas.
Eric Keen, General Partner at Council Capital, says: “Home-based primary care is an investment theme we have been investigating for more than a year. 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. These attributes align strongly with our strategy of investing on the “right side of change in healthcare” – where we are able to grow and generate returns by investing into companies that improve the patient experience while also reducing cost.
“We are excited to be partnering with the management team at Physician Housecalls and look forward to supporting them in their current mission while also working to further develop and enhance the organization to drive further growth.”
Physician Housecalls co-founder and CEO, Hank Ross, adds: “We believe this partnership with Council Capital is a strong strategic fit for Physician Housecalls. 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 to help us successfully navigate our future growth.”