Altamont announces majority equity investment in Legacy ER & Urgent Care

Altamont Capital Partners (Altamont) and Kingfish Group (Kingfish) today announced a majority equity investment into Legacy ER & Urgent Care (Legacy), a leading operator of hybrid standalone ER and urgent care clinics. Founded in 2008, Legacy currently operates two clinics in the Dallas area, providing unscheduled medical treatment services with a unique hybrid model that triages patients to receive the appropriate level of care required. Legacy clinics offer patients exceptional service and minimal wait times.

Legacy will be led by industry veteran Joe Hutts, who was previously CEO of Surgis, Inc., the nation's largest private ambulatory surgical services company prior to its acquisition. Legacy's founders, Doctors Kirk Mahon, Steve Martz and Jay Woody will remain involved with the business through its next phases of growth.

Joe Hutts, commenting on the deal, said: "Legacy has built the leading brand in emergency and urgent care treatment in the North Dallas area, providing outstanding service to thousands of patients each month. Legacy's model treats patients appropriately and reduces the unnecessary cost that often results from unnecessary emergency-level care – we believe this is best for patients and for the medical system as a whole. We are looking forward to expanding Legacy's presence to meet the continued demand for top-notch medical care at an appropriate cost."

Casey Lynch, Managing Director at Altamont, said: "Legacy has demonstrated the ability to deliver outstanding clinical care while saving time and money for both patients and payers. We think this is a good thing for the healthcare system and are committed to providing resources to support Legacy's continued success."

"Legacy has developed a model that combines the best aspects of traditional emergency room and urgent care services to deliver efficient, top-quality care at a reasonable cost," said Christian Dubiel, Founder of Kingfish Group. "We are excited to partner with Joe Hutts, Altamont and the founders to support the next phase of Legacy's growth."

Terms of the transaction were not disclosed. Avondale Partners and Waller Lansden served as Legacy's financial and legal advisors, respectively. Altamont was advised by Ropes & Gray.