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Ziegler Advises Telemed2u On Its Majority Investment From Kayne Anderson Growth Capital | ||
By: PR Newswire Association LLC. - 12 Mar 2024 | Back to overview list |
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Ziegler, a specialty investment bank, is pleased to announce its role as exclusive financial advisor to TeleMed2U (or the "Company") on its majority investment by Kayne Anderson Growth Capital (or "Kayne Anderson"). CHICAGO, March 12, 2024 /PRNewswire-PRWeb/ -- Ziegler, a specialty investment bank, is pleased to announce its role as exclusive financial advisor to TeleMed2U (or the "Company") on its majority investment by Kayne Anderson Growth Capital (or "Kayne Anderson"). Now in partnership with Kayne Anderson, TeleMed2U will take its proven and highly effective model and scale the platform to new heights..," stated Adam Heller, Managing Director in Ziegler's Healthcare Investment Banking Practice. TeleMed2U, a leading provider of telemedicine solutions, is excited to announce Kayne Anderson Growth Capital, the dedicated growth capital strategy of Kayne Anderson has acquired a majority share of the business. This strategic partnership marks a pivotal moment for TeleMed2U as it accelerates its mission to increase access to medical and mental healthcare by leveraging technology to connect patients and providers seamlessly. TeleMed2U's comprehensive suite of telemedicine services engages patients across the healthcare continuum, offering outpatient care, inpatient services, and asynchronous telemedicine across a wide range of specialties, including Behavioral Health, Endocrinology, Rheumatology, Infectious Diseases, Dermatology, and more, regardless of the patient's geographic location. The recent growth of the company can be attributed to its expansive product offerings, which have garnered significant interest from national health plans and health systems. "The right specialty care has repeatedly proven to produce better long-term outcomes but due to nationwide provider shortages, both health systems and payors struggle to offer access to specialty care that patients and members desperately need. TeleMed2U's technology platform, provider network and clinical model enables leading healthcare organizations to efficiently offer these specialty healthcare solutions to broader populations. Now in partnership with Kayne Anderson, TeleMed2U will take its proven and highly effective model and scale the platform to new heights through further investments in their technology and clinical capabilities," stated Adam Heller, Managing Director in Ziegler's Healthcare Investment Banking Practice. "Ziegler was an incredible advisor to TeleMed2U in helping the Company find its next partner. Ziegler's thoughtful approach to positioning, financial analytics, investor dialogues and process management led to a fantastic outcome and new partnership with Kayne Anderson. We couldn't be more thrilled with the efforts to get us here and the potential of TeleMed2U going forward," added AJ Patel, CEO of TeleMed2U. "Our team is thrilled to have the support of a leading investment firm like Kayne Anderson to drive TeleMed2U's network expansion and better outcomes for our patients and clients," said TeleMed2U CEO AJ Patel. "Kayne has the expertise and vision to accelerate TeleMed2U's plan to deliver value by applying targeted capital to support operational and growth initiatives, including proprietary technology development and continued population health management opportunities with payors." "We are excited to partner with a clear leader in the specialty telemedicine space and recognize the tremendous value TeleMed2U offers large payors and health systems with accessible, high-quality care to patients across the country," says Nishita Cummings, Managing Partner at Kayne Anderson Growth Capital. Susan Solinksy, Kayne operating partner, and newly joined member of TeleMed2U's Board of Directors added, "TeleMed2U's virtual support for people with specialty care and behavioral health needs is a tremendous step towards more equitable care. I'm so proud to work with an organization that recognizes the need for an integrated approach to treating physical and mental health issues." TeleMed2U's partnership with Kayne Anderson comes at a time of unprecedented growth in the telemedicine industry, driven by increasing demand for remote healthcare solutions and advancements in technology. With Kayne Anderson's support, TeleMed2U aims to further enhance its telemedicine platform, broaden its network of healthcare providers, and scale its operations to meet the evolving needs of patients and healthcare providers nationwide. Ziegler's Healthcare Investment Banking team was led by Adam Heller and Grant Chamberlain with support from Natalie Webb, Jack McCall, Joe Gannon, and Milena van der Reis. Ziegler's Healthcare Investment Banking is focused on delivering best-in-class advisory and financing solutions for companies and organizations across the healthcare industry. In our core practice areas of healthcare services, information technology, hospitals, and senior living. Ziegler is one of the most active M&A firms offering differentiated sell-side, buy-side, recapitalization/restructuring, equity private placement, and strategic partnering services. About Ziegler: About TeleMed2U: About Kayne Anderson Growth Capital: About Kayne Anderson: Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This client's experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees. Media Contact Christine McCarty, Ziegler, 3125961617, cmccarty@ziegler.com, www.ziegler.com View original content:https://www.prweb.com/releases/ziegler-advises-telemed2u-on-its-majority-investment-from-kayne-anderson-growth-capital-302087151.html SOURCE Ziegler |
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