Eventus WholeHealth Announces Investment from Enhanced Healthcare Partners
Pioneer in whole-health solutions for post-acute care facilities to execute on growth strategy in partnership with healthcare-focused private equity investor
CHARLOTTE, NC (Jan. 9, 2019) – Eventus WholeHealth (“Eventus” or the “Company”), a full-service, physician-led provider of interdisciplinary healthcare to individuals residing in skilled nursing and assisted living facilities, announced today that it has received an investment for growth from Enhanced Healthcare Partners (“Enhanced”), a private equity firm focused exclusively on investing in the healthcare industry.
Founded in 2014, Eventus is an on-site, primary care and ancillary service provider of integrated whole-health care for residents and patients of post-acute care facilities. Comprised of highly-trained physicians, psychiatrists, nurse practitioners, physician assistants, psychotherapists, podiatrists, optometrists, audiologists, and support staff, the Company provides residents and patients in post-acute care facilities with a progressive systems-based approach that aligns with the facilities’ objective to deliver improved patient outcomes and rates of occupancy.
The funding from Enhanced will be used to accelerate Eventus’ strategic growth initiatives: to include expanding the geographic footprint of its facility partnerships and to pursue additional M&A opportunities. Terms of the transaction were not disclosed.
Eventus has pioneered a systemized, medical cost reduction model ensuring optimized patient care and enhancing the overall operational synergy within the facilities the Company serves. Acting as a collaborative partner with post-acute care facilities, Eventus' interdisciplinary and multi-specialty approach effectively stabilizes patient care – significantly reducing hospitalizations, urgent care visits, and the dependency of poly-pharmacy – creating a healthier and more active resident and patient population. In turn, the facilities are empowered with a stronger business model with improved residency rates and potential for overall growth.
“Eventus has reached an exciting inflection point in its evolution and we believe now is the ideal time to partner with an investor to take us to the next level,” commented Brent King, DO, Founder and Chief Executive Officer. “We’re thrilled to partner with Enhanced. The Enhanced team has incredible relationships across the healthcare services spectrum and is led by some of the most respected investors and thought-leaders in our sector. Like us, they see the opportunity to improve the care of a more medically complex patient population while empowering the facilities with which we partner.”
“It’s rare when we see a healthcare solution that significantly increases the quality of patient care while also addressing cost containment and overall access to providers,” said Matthew Thompson, Partner at Enhanced. “We’re excited to partner with the management team to continue their robust growth strategy including strategic acquisitions, expanding our provider base, and broadening the variety of services that we provide.”
“The physician-led management team at Eventus has created a best-in-class provider organization with an innovative and compassionate approach to patient care. Dr. King and his team have built a clinical platform that holistically addresses the health needs of a high acuity patient population, while simultaneously empowering the businesses of its long-term care facility partners,” added Brandon Einstein, MD, a Principal at Enhanced.
Eventus’ management team and newly elected Board of Directors represents some of the most accomplished thought-leaders addressing the complexity of issues facing healthcare today.
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