Starpoint is an ambulatory surgery center operator, managing a number of facilities in Southern California. These facilities offer procedures across a variety of specialties including orthopedics, pain management, gastro-intestinal, podiatry, and ear, nose and throat. Ambulatory surgery centers provide a venue for surgical procedures that don’t require a hospital admission (typically defined as requiring an overnight stay). Caltius partnered with the management team of Starpoint to acquire the company in August 2006. Starpoint was founded in 1989 and is headquartered in Newport Beach, CA (www.starpointhealth.com).
Monroe Capital is a specialty finance company providing senior and junior debt and equity co-investments to middle-market companies. The transaction with Caltius Equity Partners and Starpoint is representative of Monroe Capital’s capabilities in its healthcare vertical. The firm was founded in 2004 and maintains offices in Chicago, Atlanta, Boston, Charlotte, Dallas, Los Angeles, New York and San Francisco (www.monroecap.com).
Caltius Equity Partners makes equity investments of $5 million to $20 million in companies with enterprise values of $10 million to $50 million. Sectors of interest include healthcare services, consumer and business services, light manufacturing and consumer products. The firm is based in Los Angeles (www.caltius.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-15-14