EmployerDirect Healthcare, an Austin, Texas-based healthcare services business, closed its Series C funding round of undisclosed amount.
Dallas-based Dundon Capital Partners made the investment acquiring a majority ownership position in the business. In conjunction with the funding, John Zutter, a Partner at Dundon Capital Partners and Bill Esping of EFO Holdings will join EmployerDirect’s board of directors along with members from Austin-based TEXO Ventures.
The company intends to use the funds to grow its core product, SurgeryPlus®, scaling its technology infrastructure and expanding operations.
Led by Clint Hampton, CEO, EmployerDirect provides SurgeryPlus, a supplemental solution to employees of large employers with self-insured medical plan benefits. With a national network of board-certified surgeons and facilities, SurgeryPlus procedures across 34 major categories, including orthopedic, spine, cardiovascular, bariatric, and general surgery along with a wide-range of minor outpatient procedures. In addition, dedicated care coordinators offer concierge service to covered members, selecting physicians, scheduling appointments, transferring medical records, coordinating logistics, and following up post-procedure.
Currently, SurgeryPlus is available to over 275,000 members nationwide.