Madison Street Capital Advises Rural Partners in Medicine ("RPM") on Its Partnership with Latticework Capital Management
STEAMBOAT SPRINGS, Colo. and CHICAGO, Aug. 28, 2018 /PRNewswire/ -- Madison Street Capital, an international investment banking firm, served as exclusive advisor to Rural Partners in Medicine ("RPM") on its partnership and investment from Latticework Capital Management ("LCM"). RPM brings dedicated physicians and surgeons directly to patients in the hospitals serving their rural communities. The transaction was announced by Charles Botchway, CEO of Madison Street Capital and led by Senior Managing Director Barry Petersen. Terms of the transaction were not disclosed.
Bryan Scheer, MD, Co-Founder and CEO of RPM, stated that "we are excited about our partnership with the Latticework team, because we believe they have the skillset and resources to help us expand our capabilities to serve more rural communities in need of specialty services. We founded RPM after practicing in rural markets for several years and recognized that specialty surgery was not occurring in rural communities proportionate to the population leading to fragmented care, unfavorable outcomes and lower patient satisfaction."
Barry Petersen noted "RPM has developed a unique value proposition which allows rural hospitals to profitably grow via RPM's surgical services which utilize existing infrastructure in these facilities. Latticework's expertise in aggressively scaling promising companies in the healthcare industry is a perfect match."
The principals of LCM have invested in healthcare companies across the healthcare ecosystem and have been integral in helping other healthcare services companies achieve their strategic goals. Steve Neumann, Managing Partner of LCM, said that "the investment in RPM is consistent with our investment thesis of partnering with leading healthcare companies in fragmented and underserved markets. We look forward to the partnership with Dr. Scheer and his team as we work to expand RPM's services to more communities in need of healthcare services."
About Rural Partners in Medicine
Founded in 2010, Rural Partners in Medicine brings needed specialists to rural communities by partnering with local hospitals. Patients obtain high-quality healthcare services locally, hospitals provide more comprehensive levels of care and communities become more economically viable. With a sincere dedication to helping people at the forefront of all they do, RPM is founded on the idea that community health means vivacity in more than the operating room. For additional information please visit www.ruralpartnersinmedicine.com
About Latticework Capital Management
Founded in 2014, Latticework is a Dallas based growth oriented private equity firm focused exclusively on the healthcare industry. The principals of LCM have completed over 70 acquisitions across a diverse array of healthcare subsectors representing over $1.5 billion of equity invested. The firm leverages its 50 combined years of healthcare experience, as well as its network of industry executives, to help companies realize their full long-term value. For additional information please visit www.latticeworkcapital.com
About Madison Street Capital
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client's goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at www.madisonstreetcapital.com
CONTACT: Lacy Jansson, Head of PR, firstname.lastname@example.org
For Investment Banking Inquiries
Kevin Owen, Director-Deal Origination Group, (312) 529-7000