A Valley company with a health care platform serving metro Phoenix with more than 80 providers at 13 locations has received its first outside funding after partnering with a New York private equity firm.
Financial details were not disclosed, but according to Kain Capital's website, the firm typically invests in businesses with annual revenue in the $20 million to $150 million range, and earnings before interest, taxes, depreciation and amortization of between $5 million and $40 million. Its investments are typically to obtain control of the target company, but it does make some smaller investments as well, according to its website.
“Partnering with Kain Capital is critical to our strategic multiyear effort to expand our footprint in Arizona and across the country,” Zamani said in a statement. “My Dr Now's unique and proven omni-channel model allows for convenience which is more conducive to consumer lifestyle expectations, while driving improved outcomes at a lower cost.
“We believe this success is due to My Dr Now's unique model,” Kain said in a statement. “We are very pleased to continue to expand best practices from the existing network to additional locations and new service lines.”