Fulcrum announces its latest Fund V investment in Physician
Services Group.
GREENVILLE, S.C., Sept. 2,
2024 /PRNewswire-PRWeb/ -- Fulcrum Equity
Partners, one of the Southeast's leading growth equity firms,
announced today the completion of an investment round in Physician
Services Group of South Carolina
("PSG" or "Physician Services Group"), a provider of transitional
and geriatric care for patients residing in skilled nursing and
assisted living facilities.
Founded in 2019, Physician Services Group is dedicated to
managing the full continuum of a patient's primary care and
specialty needs from hospital discharge throughout their entire
length of stay. With a strong focus on quality, outcomes, and cost
reduction, PSG operates a high-touch service model that has
demonstrated a track record of improving quality metrics and
reducing re-admissions and length of stay. The Company has achieved
a 25% lower re-hospitalization rate in the first 30 days.
"PSG differentiates itself through its high-touch service model
and unwavering focus on quality and outcomes," said Chad Hooker, Principal at Fulcrum Equity
Partners. "We see multiple internal and external growth levers for
PSG. Under Dr. Frank Newlands' and
his team's leadership, the Company is well-positioned to capitalize
on strong industry tailwinds and continue its impressive growth
trajectory."
The investment will enable PSG to bolster its management team
with business development and operational support. Dr. Frank Newlands, CEO and co-founder, brings over
23 years of healthcare experience in both clinical and
administrative leadership roles. His previous positions include
Chief Medical Officer at MEDHOST, EVP of Hospitalist Services and
Chief Operating Officer of Novant Shared Services, and Chief
Medical Officer at Vendormate (acquired by GHX).
"We are excited to partner with Fulcrum Equity Partners as we
enter our next phase of growth," said Dr. Frank Newlands. "This investment allows us to
expand our service offerings and strengthen our management team to
better serve our patients and communities. Our commitment to
quality and outcomes has always been at the forefront of our
mission, and with Fulcrum's support, we will continue to deliver
exceptional care."
For more information about Physician Services Group, please
visit www.psgcare.com.
About Fulcrum
Fulcrum Equity Partners is an Atlanta-based growth equity firm that gives
entrepreneurs the capital and hands-on support they need to take
their companies further, faster. Fulcrum invests in healthcare
services and B2B tech executives searching for $5 million to $35
million of equity in minority and majority growth
opportunities. Fulcrum's partners believe in building businesses
the right way, meeting teams where they are, and helping them
imagine a bigger and brighter future by building the right systems,
processes, teams, and culture. All of that starts with the right
experience, the right support, and the right relationship. Learn
more at http://www.fulcrumep.com.
About Physician Services Group
Physicians Services Group founded in 2019 provides comprehensive
medical and psychiatric care to the post-acute care settings and
ALF communities through our local physicians, nurse practitioners,
and physician assistants. PSG shares a commitment to the
South Carolina communities with
the goal of delivering quality healthcare in the post-acute space.
PSG forms strong facility partnerships designed to provide quality
outcomes, while controlling cost, as the post-acute transitions to
value-based care programs.
Media Contact
Taylor Ellis, Fulcrum Equity
Partners, 1 (770) 551-6300, te@fulcrumep.com,
https://www.fulcrumep.com/
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SOURCE Fulcrum Equity Partners