Advised Lutz Surgical Partners in its recapitalization by a confidential private equity partner
Advised Lutz Surgical Partners in its recapitalization by a confidential private equity partner, the terms of the deal were not disclosed. Lutz Surgical Partners is a leading Surgicalist practice in the Florida and Arizona markets. Lutz’s surgeons provide specialized outsourced surgical services to hospitals through a unique staffing model, fundamentally delivering exclusive ER call coverage on a contract basis.
Lutz has experienced extraordinary growth over the past five years and secured a private equity partner to help capture and manage the expansive growth opportunities. As a result of the transaction, Lutz will be rolling-out its rapid growth, highly profitable business model to new geographies throughout the United States.
Dr. Desai, Lutz Surgical’s Founder and CEO, commented, “The market opportunity for Lutz’ strategy is vast and immediate. Securing a growth equity partner at this stage in our company’s growth curve is critical. It will allow Lutz to be more aggressive, help expand our professional network within hospitals across the country, and even pursue strategic M&A deals as may be appropriate.”
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