VSS Capital Partners, a private investment firm investing in the healthcare, business services, education and information industries, completed a growth capital investment in Ambulatory Management Solutions (AMS), a turnkey provider of outpatient anesthesia, surgical and administrative services.
Headquartered in Chicago, AMS provides custom office and surgery center management support services along with anesthesia care through its affiliated managed physician practice. With more than 100 clinical and non-clinical personnel, the organization serves more than 60 customers in northeastern Illinois, including health systems, independent physician groups and ambulatory surgical centers across various specialties, including gastroenterology; ears, nose and throat diagnoses; obstetrics; pain and urology.
“Our investment in AMS illustrates VSS’ approach to structuring transactions, typically preserving significant equity ownership for our management partners while ensuring low leverage,” Jeffrey Stevenson, managing partner of VSS Capital Partners, said. “At the same time, this approach provides our portfolio companies with the needed financial flexibility to pursue growth opportunities.”
“We think AMS’ reputation and its full-service, integrated anesthesia and administrative services model provides a solid foundation for building a national office-based anesthesia (OBA) platform that is safe, efficient and fulfills a critical need for physicians and patients while significantly reducing the cost of surgical procedures,” Victoria Durand, an associate at VSS Capital Partners, said.
“VSS shares our vision for expanding AMS’ regional footprint in northeast Illinois organically and through affiliations with complementary outpatient anesthesia practices,” Scott Mayer, CEO of Ambulatory Management Solutions, said. “We look forward to building upon AMS’ scalable platform with VSS to empower physicians’ delivery of value-based healthcare while easing the administrative burdens associated with outpatient surgery.”
Houlihan Lokey served as the exclusive financial advisor to AMS.