NEWS & PRESS
WEBSTER CAPITAL ACQUIRES HEALTHCARE ASSOCIATES OF TEXAS
Waltham, MA (May 3, 2016) – Webster Capital is pleased to announce its acquisition of Healthcare Associates of Texas (the “Company” or “HCAT”), a physician practice management company that provides management services to Healthcare Associates of Irving (“HCAI”), a full-service primary care practice with 13 physicians and three offices in Dallas, TX. All HCAI physicians will continue to practice through HCAI, and all physician owners will retain an ownership stake in HCAT as well as HCAI.
Founded in 1991 and headquartered in Irving, Texas, HCAI is a primary care practice group with three locations in the Dallas / Fort-Worth region. To augment its core primary care focus, HCAI provides patients with a number of ancillary services including imaging, diagnostics, physical medicine, and an in-house pharmacy, allowing patients to address the majority of their healthcare needs at one location.
"We are excited to partner with HCAI to assist them in continuing to deliver high quality primary care services with extraordinary patient service addressing the ever-growing healthcare needs of the DFW region," said John Garbarino, Partner at Webster Capital. "As a premier practice in Dallas with a unique, full-service model, HCAI is exceedingly well-positioned to provide excellent preventative care, ultimately reducing reliance on emergency healthcare services and containing system-wide costs." "The Webster team has deep healthcare services experience and shares our commitment to patient-centric care, making them an ideal partner to help us grow our practice and promote our unique approach to primary care,” added Dr. Walter Gaman, CEO of HCAT and practicing HCAI physician. "With Webster’s support, we look forward to continuing to transform the way primary care services are delivered in Dallas and beyond."
About Webster Capital
Founded in 2003, Webster Capital is a private equity firm with over $600 million of committed capital which invests in the branded consumer and healthcare services industries. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. For additional information on Webster Capital please visit www.webstercapital.com.
HCAT is a physician practice management company that is responsible for providing management services to Healthcare Associates of Irving (“HCAI”), a full-service primary care practice with 13 physicians and three offices in Dallas, TX.