ZT Corporate, a private equity firm based in Houston, has announced the acquisition of STAT Specialty Hospital, marking a significant expansion of its healthcare portfolio.
This strategic move aims to diversify the firm’s regional footprint and improve the accessibility of speciality hospitals in south Texas.
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ZT Corporate chairman and CEO Taseer Badar 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 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.”
STAT Specialty Hospital operates state-licensed facilities, offering 24-hour emergency care, short hospital stays, and outpatient services.
With locations in Laredo, Del Rio, and Eagle Pass, the hospital provides a range of services, including six emergency rooms, one observation room, and four hospital admission beds.
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By GlobalDataThe facilities are designed to treat various illnesses and admit patients with medical conditions of mild to moderate severity in a concierge manner.
ZT Corporate healthcare portfolio 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.”
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.
“We believe this acquisition will provide considerable advantages for both our investors and the communities we serve.”
