Pensacola’s Emergency Care Partners (ECP), one of the nation’s leading emergency medicine service providers, has successfully closed a significant growth recapitalization transaction that positions the company for accelerated expansion across the healthcare landscape. The transaction, anchored by a substantial $100 million preferred equity investment from MidOcean Partners, represents a pivotal moment in ECP’s growth trajectory.
Why this matters: This recapitalization goes beyond traditional funding – it establishes a strategic partnership designed to fuel ECP’s ambitious expansion plans while maintaining the company’s commitment to exceptional patient care. The investment will primarily support two key growth initiatives: strategic acquisitions of complementary physician groups and the expansion of contracted service relationships with both new and existing hospital partners.
- “Our partnership with MidOcean positions ECP for continued growth, specifically as we look to further our partnership model with like-minded physician groups,” explained Bill Yarbrough, ECP’s Chief Executive Officer. “As a company, we are always focused on the long-term success of our organization and the well-being of the clinicians who make it all possible.”
Dig Deeper: ECP supports more than 1,100 emergency medicine providers across 63 clinical locations, collectively handling 1.5 million annual patient visits. This substantial footprint has established ECP as a trusted partner for hospitals seeking reliable, high-quality emergency medicine services.
- Graham Clempson, Vice Chairman of MidOcean, emphasized the strategic value of this partnership: “ECP has built a highly respected, differentiated, and scalable platform in the emergency medicine space. We are thrilled to be selected by the team and look forward to helping execute an accelerated growth path as they expand their footprint and continue to innovate within the space.”
One of the transaction’s key benefits is its dual purpose: while the majority of the investment will drive future growth initiatives, it also provides liquidity opportunities for certain existing ECP physician shareholders. This structure demonstrates ECP’s commitment to rewarding the physicians who have contributed to the company’s success while ensuring the organization has the capital needed for its next phase of expansion.
ECP’s growth story is supported by a sophisticated investor base with deep healthcare expertise. The company is backed by Varsity Healthcare Partners, a leading Los Angeles-based lower middle-market healthcare services private equity firm, and Regal Healthcare Capital Partners, a New York-based lower-middle market healthcare services growth equity and buyout firm. The addition of MidOcean Partners further strengthens this foundation with additional capital and strategic guidance.
Looking Ahead: Innovation and Expansion
With this recapitalization complete, ECP plans to expand its presence with existing health system partners while building new hospital relationships, all while supporting continued investment in patient care excellence across every partner group and location.
- As the healthcare landscape continues to evolve, ECP’s partnership with MidOcean Partners provides the financial resources and strategic expertise needed to navigate growth opportunities while staying true to the company’s core mission of supporting emergency medicine providers and the patients they serve.
