Grant Avenue Capital announced it has acquired PatientCare EMS Solutions.
PatientCare, founded in 1998 and based in Tyler, Texas, is a provider of ground ambulance services, delivering emergency and non-emergency medical transportation to communities across multiple geographies.
Grant Avenue, founded in 2019 and based in New York, is a healthcare-focused, middle market private equity firm. The firm generally targets companies with approximately $5 million to $25 million of EBITDA and pursues founder recapitalizations, majority buyouts, minority investments, corporate carve-outs and special situations.
Terms of the acquisition were not disclosed. McGuireWoods served as Grant Avenue’s legal counsel.
