ZT Corporate, a US-based private equity firm focused on the healthcare and automotive sectors, has acquired STAT Specialty Hospital to expand its healthcare portfolio.
STAT Specialty Hospital operates state-licensed facilities that provide 24-hour emergency care, short hospital stays and outpatient services, under a patient-centred model.
Its network includes three micro-hospitals and one free-standing emergency centre.
ZT Corporate’s healthcare portfolio, dubbed Altus Community Healthcare, was identified as the largest operator of freestanding emergency centres in Texas.
The acquisition of STAT Specialty Hospital is expected to diversify ZT Corporate’s regional footprint and add the accessibility of speciality hospitals.
Altus Community Healthcare president and chief patient experience officer Jason Lisovicz said: “Our primary focus is on delivering operational excellence and top-notch patient care, and STAT Specialty Hospital and Emergency Center aligns perfectly with our mission.
“We will integrate efficiencies from our robust healthcare system into their network, enhancing the quality of healthcare services available to local communities. We look forward to welcoming STAT’s talented healthcare staff and partners to our team.”
STAT Specialty Hospital offers a wide range of services, including six emergency rooms, one observation room and four hospital admission beds.
The facilities can treat all illnesses and admit patients with medical conditions of mild to moderate severity in a concierge manner without having to leave the community.
ZT Corporate said the collective strength of its healthcare portfolio has been optimised to provide growth and provide essential services to the communities it serves.
ZT Corporate chairman and CEO Taseer Badar said: “This acquisition diversifies our healthcare offerings with a network of speciality hospitals known for exceptional patient care and medical practices.
“We recognise the demand for these types of micro-hospitals, designed to uniquely respond to the rise in consumer demand for convenience, reduced cost and improved access to care.”
ZT Corporate group chief operating officer Farrukh Tariq said: “The demand for specialised healthcare services is on the rise, and STAT’s solid market presence and reputation make this a valuable asset for our portfolio.”