Webster Capital’s portfolio company Healthcare Associates of Texas (HCAT) has acquired McKinney Family Healthcare, and provider of primary care healthcare services. Webster acquired HCAT in May 2016.
McKinney Family Healthcare was founded in 1999 and is a primary care practice group based north of Dallas in McKinney, TX. “In aligning ourselves with HCAT, we will have the scale, support and capabilities to bolster our growth in the McKinney community,” said Dr. Chris Lawrence, Managing Partner of McKinney Family Healthcare. “This will allow us to continue delivering high quality care to our patients and provide a broader service offering that will address the majority of their healthcare needs.”
HCAT, founded in 1991, is a physician practice management company that currently provides management services to Healthcare Associates of Irving, a full-service primary care practice with 20+ providers and three offices in Dallas (www.healthcareassociates.com).
The buy of McKinney Family Healthcare is the first add-on acquisition completed by HCAT under Webster’s ownership. “HCAT is excited to partner with McKinney Family Healthcare as they complement HCAT’s already strong presence in the Dallas/Fort-Worth region,” said John Garbarino, a Partner at Webster Capital.
Webster Capital invests in branded consumer, business-to-business, and healthcare services companies with EBITDAs from $3 million to $15 million and transaction values from $20 million to $100 million. At present, Webster has $600 million under management and is currently investing its third fund which closed in 2014 with $400 million in capital commitments. The firm was founded in 2003 and is based in the Boston suburb of Waltham (www.webstercapital.com).
© 2017 Private Equity Professional | March 3, 2017
