LAFAYETTE, La., Dec. 15, 2016 (GLOBE NEWSWIRE) -- YPS Anesthesia Services, a provider of outsourced anesthesia care in Louisiana, Mississippi and Texas, announced today that it has received an investment from The Catalyst Group, Inc. (“Catalyst”) through their Family Alignment partnership. Tracy Young, founder and CEO of YPS, along with partner and CFO John Mendell and the existing management team, will continue to lead the business in its expansion plans.
“We are excited to partner with the Catalyst Group team,” said Young. “Catalyst has an impressive track record of supporting and growing companies over the long term, and this partnership will allow us to continue to grow the business with a strong partner and provide the high-quality care to our existing hospital, surgery center and endoscopy center customers.”
YPS, which was founded in 2003 with a single contract to provide anesthesia at a rural hospital facility in Louisiana, has successfully grown to include contracts with 26 multispecialty healthcare facilities with approximately 150 full- and part-time anesthesia care providers.
“Tracy and his team have built an excellent business and we are excited to partner with YPS to continue to expand their footprint across the Southeast,” said Ron Nixon, president of The Catalyst Group. “Today, YPS has a very strong reputation within the anesthesia provider community as well as with their customer base, and we are proud to be able to call them a partner. This investment is the first out of our newly created Family Alignment partnership and is consistent with our strategy to provide capital and support to growth-oriented management teams.”
Ron Nixon and Robert Norris from The Catalyst Group will serve on the YPS board of directors along with Tracy Young and John Mendell from YPS.
ABOUT THE CATALYST GROUP
The Catalyst Group, Inc. was founded in 1990 to provide long-term growth capital to middle market private companies. The firm has offices in Houston, Texas, and Austin, Texas. Learn more at www.tcgfunds.com.
