Essent Healthcare, Nashville, said investors are pumping $80 million into the privately held company to finance a hospital acquisition in Texas and pave the way for future acquisitions. Private equity firm Vestar Capital Partners is leading the investor group, which also includes Essent's original backer, Thoma Cressey Equity Partners, Chicago. The new funds finance Essent's most recent acquisition, two-campus St. Joseph's System, Paris, Texas. Essent bought the system from Christus Health, Arlington, Texas, and renamed it Paris Regional Medical Center, effective Jan. 1. Terms of the deal were not disclosed. Essent owns five hospitals in four states. -- by Vince Galloro
Essent's $80 million infusion to finance expansion
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