Private-equity firm Irving Place Capital agreed to buy out National Surgical Hospitals owners Ferrer Freeman & Co., Charlesbank Capital Partners and JPMorgan Asset Management. Terms of the deal, which is expected to close by the end of the month, were not disclosed, said Jamie King, a senior vice president with Cain Brothers, which advised Irving Place Capital on the deal. Senior management at National Surgical Hospitals also participated in the recapitalization.
Irving Place to acquire National Surgical Hospitals
National Surgical Hospitals, which operates 14 surgical hospitals and seven ambulatory surgery centers, will become majority owner of a Lafayette, La., surgical hospital as part of the Irving Place recapitalization deal, King said. Irving Place is “very supportive of the management team's acquisition strategy,” King said.
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