NueHealth, a Leawood, Kan.-based company that brings health systems and physicians together in partnership in surgical facilities, closed a growth capital financing of undisclosed amount.
Backers included funds managed by Ares Management, L.P. (NYSE: ARES) and BC Partners Credit.
The growth capital will enable the company to accelerate the adoption of its care protocols, consumer driven technology stack and advanced payment model contracting with payors and employers.
Founded in 1997 and led by Dan Tasset, CEO, and John Palumbo, Chairman of NueHealth and Executive Chairman of ValueHealth, its parent company, NueHealth provides Multi-Specialty and Orthopedic Specialty surgical care and is a national leader in developing, building, managing, and growing specialty surgical hospitals, ambulatory surgical centers (“ASCs”) and hyper-specialty centers.
Since 1997, the company has partnered with over 10,000 physician investors and 25 health system partners to develop sites of service, expanding into more than 150 facilities, including physician-owned surgery centers, surgical hospitals and orthopedic hyper-specialty centers. Today, NueHealth operates in 21 states, with strategic geographic clustering in the Mid-Atlantic, Mid-West, and throughout Texas.