The CapStreet Group completed the majority recapitalization of Surgical Notes, Inc., a Dallas, Texas-based healthcare solutions company.
CapStreet made the investment in partnership with the founders and shareholders.
The amount of the deal was not disclosed.
The company will use the proceeds from the investment for continued growth, both organically and through acquisitions.
Founded in 1997, Surgical Notes provides a comprehensive and integrated suite of products and services designed to streamline the reimbursement process, reduce administrative costs, and better manage information for US ambulatory surgical centers (“ASC”).
The company leverages its technology and industry expertise to provide an integrated suite of products for ASCs to be more efficient and focus on patient care.
In connection with CapStreet’s investment, current President Randy Bishop will transition to Chief Executive Officer of the company.
Surgical Notes is the ninth investment for CapStreet IV, LP, which has $340 million of committed capital.