HOUSTON--(BUSINESS WIRE)--ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced the acquisition of STAT Specialty Hospital to enhance its growing healthcare portfolio. STAT Specialty Hospital, which includes three micro hospitals and one free standing emergency center, will diversify the portfolio’s regional footprint and add the accessibility of specialty hospitals. Prior to this acquisition, ZT Corporate’s healthcare portfolio, Altus Community Healthcare, was recognized as the largest operator of freestanding emergency centers in Texas. With 31 locations throughout the state, this transaction will keep them as a leader in this space.
Taseer Badar, Chairman and Chief Executive Officer of ZT Corporate, said, “We are thrilled to welcome STAT Specialty Hospital and Emergency Center into our portfolio and expand our reach into south Texas. This acquisition diversifies our healthcare offerings with a network of specialty hospitals known for exceptional patient care and medical practices. We recognize 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.”
STAT Specialty Hospital operates state-licensed, state-of-the-art facilities that utilize a patient-centered model to provide 24-hour emergency care, short hospital stays and outpatient services. With locations in Laredo, Del Rio, and Eagle Pass, STAT Specialty Hospital offers a comprehensive range of services, including six emergency rooms, one observation room and four hospital admission beds. The facilities are able to treat all illnesses and admit patients with medical conditions of mild to moderate severity in a concierge manner without having to leave the community.
Jason Lisovicz, President and Chief Patient Experience Officer of Altus Community Healthcare, 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.”
Farrukh Tariq, Group Chief Operating Officer of ZT Corporate, said, “The demand for specialized healthcare services is on the rise, and STAT's solid market presence and reputation make this a valuable asset for our portfolio. We believe this acquisition will provide considerable advantages for both our investors and the communities we serve.”
ZT Corporate’s dynamic healthcare portfolio has been essential to the firm’s 25+ years of success. The collective strength of the portfolio has been optimized to provide exponential growth for the company but also provide essential services to the communities it serves.
About ZT Corporate
Established in 1997, ZT Corporate is a Houston-based private equity firm with offices in New York and Los Angeles. The firm focuses on healthcare and auto dealerships as core investment verticals. ZT Corporate’s investment team collaborates with its operators to support the day-to-day operations of the firm’s portfolio investments. This close collaboration drives value creation by developing stronger operator-investor relationships, cross-functional expertise, and a deeper understanding of the target industries. Since its founding, ZT Corporate has successfully completed more than 60+ investments, including platform companies and follow-on opportunities with multiple liquidity events for its investors. For more information: www.ztcorporate.com
