LOS ANGELES, CA (May 9, 2016) – St. Cloud Capital is pleased to announce an investment in Long Island, NY-based Stat Health. It is an investment out of St. Cloud’s third fund, which has committed capital of $250 million.
Stat Health provides management services to a chain of urgent care centers staffed by board certified emergency medicine physicians offering unscheduled treatment options for minor injuries and common illnesses at a fraction of the time and cost of emergency care.
St. Cloud’s investment supports the recapitalization of Stat Health by Spanos Barber Jesse & Co. (“SBJ”) and co-founder Dr. Paolo Coppola.
“We look forward to building upon Stat Health’s success in the urgent care sector with St. Cloud as our partner” said SBJ Managing Director Gus Spanos.
Kevin Tom of St. Cloud Capital commented, “Stat Health and the growing urgent care industry are on the right side of healthcare trends, with the nation grappling with its aging population and payors challenged with increasing ER costs.”
For more information about Stat Health, please visit www.stathealth.net
About St. Cloud Capital
St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common equity. St. Cloud’s investment discipline includes non-control and control investments, and involves partnering with strong management teams or experienced industry entrepreneurs. For more information about St. Cloud Capital, please visit https://www.stcloudcapital.com