NEW YORK--(BUSINESS WIRE)--Allegiance Mobile Health (the “Company” or “AMH”), the largest private Texas-based provider of medical transportation and 911 emergency services, and Brightwood Capital Advisors, LLC (“Brightwood”), a private credit firm with over $5 billion in assets under management, today announced that Brightwood provided AMH with debt and equity financing to support the Company’s organic and inorganic growth strategy. The focus is on continuing to provide a high level of service to AMH’s hospital system and 911 community partnerships and expansion through M&A transactions.
AMH is the largest private Texas-based medical transportation and 911 emergency services provider. The Company provides mobile healthcare services to more than 17,000 square miles of 911 territory and completes 215,000 requests for service annually. AMH has over 1,200 employees and operates more than 250 vehicles and 70 stations. AMH’s scale and reputation as a trusted provider of patient care in Texas has enabled the Company to grow its offerings to provide critically needed services to communities throughout the state.
“AMH’s steady growth across its core service offerings is a testament to the Company’s longstanding reputation as a trusted provider of medical transportation and 911 emergency services for the Texas region,” said Sengal Selassie, Chief Executive Officer and Managing Partner of Brightwood Capital. “Healthcare and transportation services are two increasingly important markets within our investment focus, and we’re excited to leverage our expertise in these spaces to accelerate AMH’s organic and inorganic growth strategy.”
“Brightwood’s support and expertise will be instrumental as we enter our next growth phase, pursuing initiatives that enable us to deepen our regional presence and expand our service offerings,” added David Lee, Chairman and CEO of AMH. “We are eager to find strategic partners interested in joining our growing network that are aligned with our commitment to delivering high quality mobile healthcare services, and we look forward to embarking on this next chapter together."
About Brightwood Capital Advisors
Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle-market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.
Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.
About Allegiance Mobile Health
Allegiance Mobile Health is a leader in providing medical transportation and 911 emergency services. Allegiance is known as a provider with best practices in patient care through innovations in clinical and operational excellence. Based in Corpus Christi, Texas, AMH services patients in urban, suburban, and rural areas spanning the state of Texas, including Austin, Corpus Christi, Dallas, Houston, and San Antonio. The Company provides 911 emergency services to over 30 communities and currently employs more than 1,200 people operating more than 250 vehicles and 70 stations.